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Paychex

143.02
-2.2100-1.52%
Post-market: 143.130.1056+0.07%19:13 EDT
Volume:4.76M
Turnover:682.07M
Market Cap:51.50B
PE:30.11
High:144.54
Open:144.12
Low:142.01
Close:145.23
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Company Profile

Company Name:
Paychex
Exchange:
NASDAQ
Establishment Date:
1971
Employees:
16500
Office Location:
911 Panorama Trail South,Rochester,New York,United States
Zip Code:
14625-2396
Fax:
- -
Introduction:
Paychex, Inc., together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including integrated HCM technology solutions and HR advisory services through both virtual and on-site availability of a professionally trained HR representative, as well as HR support to non-payroll clients through its HR Partner Plus solution; and retirement services administration, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

Directors

Name
Position
John B. Gibson
President and Chief Executive Officer and Director
Martin Mucci
Chairman of the Board
B. Thomas Golisano
Director
Joseph G. Doody
Director
Joseph M. Tucci
Director
Joseph M. Velli
Director
Kara Wilson
Director
Kevin A. Price
Director
Pamela A. Joseph
Director
Theresa M. Payton
Director
Thomas F. Bonadio
Director

Shareholders

Name
Position
John B. Gibson
President and Chief Executive Officer and Director
Beaumont Vance
Senior Vice President of Data, Analytics and AI
Elizabeth Roaldsen
Senior Vice President of Operations and Customer Experience
Mark A. Bottini
Senior Vice President of Sales
Michael E. Gioja
Senior Vice President of Information Technology and Product Development
Robert L. Schrader
Senior Vice President and Chief Financial Officer
Christopher Simmons
Vice President, Controller and Treasurer
Mason Argiropoulos
Chief Human Resources Officer
Sipi Bhandari
Chief Legal Officer, Chief Ethics Officer and Secretary