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Last $44.66 USD
Change Today -0.29 / -0.65%
Volume 2.2M
PAYX On Other Exchanges
As of 5:20 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

paychex inc (PAYX) Snapshot

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03/23/15 - $51.72
52 Week Low
09/2/14 - $41.59
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Current Stock Chart for PAYCHEX INC (PAYX)

paychex inc (PAYX) Details

Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that include the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients’ payroll obligations. It also provides a suite of self-service products and services, including Paychex Online Payroll, Internet time sheet, Paychex Online Reports, and general ledger reporting services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing services In addition, the company offers human resource outsourcing solutions that provide a package of services consisting of payroll, employer compliance, human resource and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained human resource representative. Further, it provides retirement services administration; insurance agency services for property and casualty, business-owner, commercial auto, and health and benefits insurance products; online human resource administration software tools for managing employee benefits, personnel information, and human resource compliance and reporting; and other human resource services products, including employee handbooks, management manuals, and personnel and required regulatory forms. Additionally, the company offers accounting and finance services, including Paychex Accounting Online, Paychex Payment Processing Services, and Paychex Small Business Loan Resource Center. As of May 31, 2014, it serviced approximately 580,000 payroll clients. The company was founded in 1979 and is headquartered in Rochester, New York.

13,000 Employees
Last Reported Date: 07/21/15
Founded in 1971

paychex inc (PAYX) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $845.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $425.0K
Senior Vice President of Service
Total Annual Compensation: $400.0K
Senior Vice President of Information Technolo...
Total Annual Compensation: $396.9K
Vice President of Major Market Services (MMS)...
Total Annual Compensation: $180.0K
Compensation as of Fiscal Year 2014.

paychex inc (PAYX) Key Developments

FirstMerit Partners with Paychex and SurePayroll to Broaden Payroll Solutions for Customers

FirstMerit Corporation announced that its wholly owned subsidiary FirstMerit Bank, N.A. is partnering with Paychex and its wholly owned subsidiary SurePayroll to provide a wide variety of payroll solutions to the bank's business and commercial customers. In addition to full-service payroll administration, customers can take advantage of time and labor management, HR administration, and insurance services (workers' compensation). FirstMerit Core Business Bankers will engage in joint calling efforts with Paychex representatives to provide holistic solutions to customers and prospects. In addition to the payroll services, this partnership also provides depository and lending solutions to help businesses operate and grow their business.

Paychex, Inc. Declares Regular Quarterly Dividend, Payable on August 20, 2015

Paychex, Inc. announced that its board of directors has declared an 11% increase in the company’s regular quarterly dividend. The dividend, increasing $0.04 from $0.38 per share to $0.42 per share, is payable on August 20, 2015 to shareholders of record August 3, 2015.

Paychex, Inc. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended May 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016

Paychex, Inc. reported consolidated unaudited earnings results for the fourth quarter and full year ended May 31, 2015. For the quarter, the company reported total revenue of $692.2 million against $639.0 million a year ago. Operating income was $251.6 million against $228.3 million a year ago. Income before income taxes was $253.6 million against $229.7 million a year ago. Net income was $161.2 million or $0.44 per diluted share compared to $145.9 million or $0.40 per diluted share a year ago. For the year, the company reported total revenue of $2,739.6 million against $2,518.9 million a year ago. Operating income was $1,053.6 million against $982.7 million a year ago. Income before income taxes was $1,060.0 million against $988.1 million a year ago. Net income was $674.9 million or $1.85 per diluted share compared $627.5 million or $1.71 per diluted share a year ago. Net cash provided by operating activities was $895.2 million against $880.9 million a year ago. This increase was the result of higher net income adjusted for non-cash items, partially offset by the impact of fluctuations in working capital. Purchases of property and equipment were $102.8 million against $84.1 million a year ago. Purchases of other assets were $3.3 million against $11.3 million a year ago. The company provided earnings guidance for the fiscal year ending May 31, 2016. The company expects payroll service revenue of 4% to 5%, HRS revenue of 10% to 13%, and total service revenue of 7% to 8% and net income of 8% to 9%. Operating income, net of certain items, as a % of total service revenue is expected to be approximately 38% for fiscal 2016. The effective income tax rate for fiscal 2016 is expected to be consistent with that experienced for fiscal 2015. Interest on funds held for clients for fiscal 2016 is expected to be relatively flat. Both HRS revenue and total service revenue reflect the minimum premium plan offering within the PEO the company will now have anniversary-ed, and it's going to be a compare year-over-year. So 10% to 13% on HRS. The company anticipates EPS to be comparable during each of the four quarters of the year. The timing of expenses during the year can change the pattern, as it sometimes does.


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