Paychex, Inc. logo PAYX - Paychex, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
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| PRICE TARGET: $111.00 DETAILS
HIGH: $115.00
LOW: $107.00
MEDIAN: $111.00
CONSENSUS: $111.00
DOWNSIDE: 0.56%

About Paychex, Inc. (https://www.paychex.com)

Founded in 1971 and headquartered in Rochester, New York, Paychex, Inc. delivers comprehensive human capital management (HCM) solutions. The company primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their needs in human resources, payroll administration, employee benefits, and insurance. Its diverse service portfolio includes: Payroll Management: Encompassing core payroll processing, payroll tax administration, employee payment facilitation, and ensuring compliance with regulations like new-hire reporting and garnishment processing. Human Resources Solutions: Providing support for employer compliance, HR and employee benefits administration, risk management outsourcing, and even the availability of professionally trained on-site HR representatives. Retirement Services: Offering full administration for retirement plans, which covers implementation, ongoing adherence to government regulations, reporting for both participants and employers, online access capabilities, electronic funds transfers, and other administrative tasks. Cloud-based HR Software: A suite of software products designed for efficient HR administration, including tools for benefits management, time and attendance tracking, digital communication, recruitment, and onboarding processes. Additional Business Services: This category features plan administration outsourcing, state unemployment insurance services, and various support functions for SMBs such as payroll funding and outsourcing (including payroll processing, invoicing, and tax preparation), payment processing solutions, financial wellness programs, and a resource center for small business loans. Insurance Offerings: Providing both property and casualty coverage, which includes workers' compensation, business-owner policies, cybersecurity protection, and commercial auto insurance, alongside health and benefits coverage like medical, dental, vision, and life insurance. Paychex primarily distributes its services through its dedicated direct sales team.

Key Executives

NAME TITLE DOB SALARY
John Gibson Jr. President, Chief Executive Officer & Director 1967 $1,821,045 USD
Elizabeth Roaldsen Senior Vice President of Operations & Customer Experience 1972 $1,044,968 USD
Robert L. Schrader Senior Vice President & Chief Financial Officer 1973 $873,002 USD
Chad Parodi Senior VP of HR & Benefits Services 1972 $864,110 USD
Adam Brooks Ante Senior Vice President of HCM 1981 $838,742 USD
Ryan Norman Bergstrom Chief Product & Technology Officer 1979 $796,767 USD
Beaumont Vance Senior Vice President of Data, Analytics & AI 1969 –
Bradley J. Schaufenbuel Vice President & Chief Information Security Officer 1973 –
Dave Wilson Managing Director of Engineering and Technology – –
Jason Rose Senior Vice President of Digital Sales & Marketing 1976 –
Katy Bunn Chief Marketing Officer – –
Mason Argiropoulos Chief Human Resources Officer 1978 –
Prabha Sipi Bhandari Senior Vice President, Chief Legal Officer, Chief Ethics Officer & Secretary 1971 –
Thomas J. Hammond Managing Director of Emerging & Ancillary Services – –

Company Peers

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