Paychex, Inc.

Paychex, Inc.

Paychex, Inc.

Overview
Date Founded

1979

Headquarters

911 Panorama Trail South,Rochester, NY 14625-2396

Type of Company

Public

Employees (Worldwide)

15K

Industries

Human Resources & Personnel Services
Accounting & Financial Services
IT Consulting & Services
Computer Software

Company Description

Paychex, Inc. is a recognized leader in the payroll, human resource, and benefits outsourcing industry, with a steadfast commitment to success and a record of achievement that continues a tradition of delivering excellence. The company was founded in 1971 by B. Thomas Golisano with just $3,000 and a good idea – to make payroll outsourcing easy and affordable for small businesses. From those early days with just one employee, Paychex now has more than 12,000 employees serving more than half a million small- to medium-sized businesses nationwide. With 100+ office locations across the nation, Paychex produced $2.1 billion in revenue in fiscal 2011. The company offers an ever-growing variety of payroll and human resource products and services that help clients do what they do best — run their business. With a wide range of services – including payroll processing, retirement services, insurance, and a fully outsourced human resource solution – Paychex customizes its offering to the client's business, whether it is small or large, simple or complex.

Contact Data
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Executives & Employees

Founder & Chairman of the Board

President & Chief Executive Officer

Senior Vice President, Chief Financial Officer & Treasurer

Vice President, Chief Legal Officer & Corporate Secretary

Vice President & Chief Information Security Officer

Vice President & Chief Human Resource Officer

Senior Director, Risk Management

Vice President & Controller

Vice President, Corporate Development & Managing Director, Mergers & Acquisitions

Senior Vice President, Service

Board of Directors

Founder & Chairman of the Board at Paychex, Inc.

President & Chief Executive Officer at Paychex, Inc.

Board Member/Founder at GTY Technology Holdings, Inc.

Chief Executive Officer & Director at Clearent LLC

Operating Director at ClearPoint Investment Partners LLC

Former Partner at Castanea Partners, Inc.

Chief Compliance Officer at Bonadio Capital Advisors LLC

Professional at NightDragon Acquisition Corp.

Chairman-Foundation Board at SUNY College at Brockport

President at PartScription

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Owners & Shareholders
Details Hidden

Walter Scott’s commitment to global equity investment is delivered through a structured philosophical and analytical framework which provides a rigorous screening tool with a sole focus on stock selection. Their Investment Research team is grouped into three geographical regions – EMEA (Europe, Middle-East and Africa), Americas, and Asia Pacific – with individuals periodically rotated across these teams in order to build global knowledge and investment expertise. Research is consciously bottom-up and all investment professionals are generalists, covering all sectors. Irrespective of mandate, every portfolio is managed by bringing together the skill, judgment and experience of both the Investment Research team and the Investment Executive. Investment decisions rest upon original research conducted in-house. External research is used only to complement that in-house work. Sell-side research is used in a limited capacity and they do employ the services of independent research providers.

Details Hidden

SEG offers a long-only equity management program that utilizes fundamental analysis to select stocks they believe will provide better than market returns over a complete market cycle. Money market reserves may comprise 0 to 50 percent of the account, but generally range from 0 to 20 percent, depending on market conditions. SEG generally limits their portfolio of securities to less than 40 than stocks in each account. SEG employs eight primary investment strategies. Their investment strategies are generally driven by a research-intensive, fundamental bottom-up process and draw upon a centralized research department. These strategies include: Small-Mid Cap /Long-Only, US Core, Concentrated Opportunistic, US Long/Short, International Long/Short, International Long-Only, Global Long-Only, and Private Equity. SEG obtains exposure to particular issuers or securities for their private funds (and may for individual clients) through various types of derivatives transactions, including swaps and contracts for differences. In addition, they may hedge exposure to currency fluctuations for foreign securities owned by the private funds by entering into currency forward or option transactions.

Details Hidden

TAM focuses on absolute rather than relative returns, and aims to preserve and grow its investors’ capital over the long-term. The firm only invest in companies that they thoroughly understand and that they believe have enduring qualities that will allow an investment to compound in value over the long-term. They buy these companies when three further conditions are met: first, their balance sheets are soundly financed so that management have the freedom to allocate capital to continue the company’s growth; second, they are managed by people who we are confident will act in the best interests of shareholders; and lastly, when their shares are quoted at a price that underestimates future cash flows.

Recent Transactions
Details Hidden

Paychex, Inc., Paychex North America, Inc. purchase Oasis Outsourcing Holdings, Inc. from Kelso & Co. LP, Stone Point Capital LLC

Details Hidden

Paychex, Inc. purchases Lessor A/s from Axcel Management A/S

Details Hidden

Paychex, Inc. purchases HR Outsourcing, Inc. from Clarion Capital Partners LLC

Insider Transactions
Details Hidden
Details Hidden
Transaction Advisors
Accountant

Advised onPaychex, Inc. purchases Advantage Payroll Services, Inc.

Investment Advisor

Advised onPaychex, Inc. purchases Olsen Computer Systems, Inc.

Investment Advisor

Advised onPaychex, Inc. purchases Lessor A/s from Axcel Management A/S

Legal Advisor

Advised onPaychex, Inc. purchases SurePayroll, Inc.

Associate

Advised onPaychex, Inc., Paychex North America, Inc. purchase Oasis Outsourcing Holdings, Inc. from Kelso & Co. LP, Stone Point Capital LLC

Legal Advisor

Advised onPaychex, Inc., Paychex North America, Inc. purchase Oasis Outsourcing Holdings, Inc. from Kelso & Co. LP, Stone Point Capital LLC

Advisors & Consultants
Real Estate Agent

Executive Managing Director, Co-Head of Minneapolis Office at Newmark & Company Real Estate, Inc.

Real Estate Agent

Managing Director at CBRE, Inc.

Real Estate Agent

Executive Vice President at Colliers International

Clients

Fiserv, Inc. (NASDAQ: FISV) is a leading global provider of information management and electronic commerce systems for the financial services industry, providing integrated technology and services that create value and results for our clients. Fiserv drives innovations that transform experiences for more than 16,000 clients worldwide, including banks, credit unions and thrifts, billers, mortgage lenders and leasing companies, brokerage and investment firms and other business clients.

Stephens College is an institution committed to her mission: Learn. Grow. Lead. Stephens is resilient and optimistic, faithful to her traditions, and eager to embrace whatever the future may bring. Focused on the creative arts and health sciences, Stephens continues to prepare graduates (whether from our undergraduate residential college, co-educational graduate programs or 90-year-strong Children's School) for the lives that await them — lives of distinction, integrity and service.

ESTABLISHED AS A CHARTER SCHOOL SYSTEM OF THE DISTRICT SCHOOL BOARD OF BREVARD COUNTY, FLORIDA AND IS CONSIDERED A COMPONENT UNIT OF SUCH BOARD.

Key Stats and Financials As of 2021
Market Capitalization
$42.1B
Total Enterprise Value
$36.5B
Earnings Per Share
$3.03
Revenue
$4.06B
EBITDAMargin
40.74%
Total Equity
$2.95B
EBITDA
$1.65B
Net Profit
$1.1B
Enterprise Value EBITDAOperating
21.99x
Three Year Compounded Annual Growth Rate Of Revenue
6.26%
Debt TEV
0.03x
Enterprise Value / Sales
8.99x
TEVNet Income
33.23x
Total Debt
$926M
Non-Profit Donations & Grants
Political Donations
$1,447
2011
$148
2011
$623
2010
Suppliers
Dell EMC, Inc. Internet Software & Services | Hopkinton, MA

EMC is a global leader in enabling businesses and service providers to transform their operations and deliver information technology as a service (ITaaS). Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset — information — in a more agile, trusted and cost-efficient way. Broad Range of Customers We work with organizations around the world, in every industry, in the public and private sectors, and of every size, from startups to the Fortune Global 500. Our customers include global money center banks and other leading financial services firms, manufacturers, healthcare and life sciences organizations, Internet service and telecommunications providers, airlines and transportation companies, educational institutions, and public-sector agencies. EMC also provides technology, products, and services to consumers in more than 100 countries. Strong Leadership Record Our differentiated value stems from our sustained and substantial investment in research and development, a cumulative investment of more than $12 billion since 2003. To strengthen our core business and extend our market to new areas, EMC has invested $14.5 billion in acquisitions over the same period and has integrated more than three dozen technology companies since 2006 alone. EMC is supported by thousands of technical R&D employees around the globe, the industry's broadest portfolio of systems, software, and services, our ability to create total integrated solutions, and our commitment to delivering the best Total Customer Experience in this or any industry. Our service excellence has been recognized by distinguished awards from the Technology Services Industry Association and is validated by our all-time high customer satisfaction scores we achieved in 2011. We operate R&D centers in Belgium, Brazil, China, France, Ireland, India, Israel, the Netherlands, Russia, Singapore, and the U.S., and manufacturing facilities in the U.S. and Ireland. We hold the most stringent quality management certification from the International Organization for Standardization (ISO 9001), and our manufacturing operations hold an MRP II Class A certification. EMC ranks 152 in the Fortune 500 and had reported revenues of $20 billion in 2011, the largest revenue year in EMC's 33-year history. Global Presence EMC employs approximately 53,500 people worldwide. We are represented by approximately 400 sales offices and scores of partners in more than 85 countries around the world. We have the world's largest sales and service force focused on information infrastructure, and we work closely with a global network of technology, outsourcing, systems integration, service, and distribution partners. We are a publicly traded company, listed on the New York Stock Exchange under the symbol EMC, and are a component of the S&P 500 Index. In 2011, EMC was included in the Dow Jones Sustainability Index (DJSI) for North America, which tracks the financial performance of leading sustainability-driven companies. We are committed to acting in a socially and environmentally responsible manner and to being an attentive and thoughtful neighbor in our local and global communities. We score at the top, or near the top, of regional rankings of the best places to work.

Staples, Inc. Internet Software & Services | Framingham, MA

Staples is the world's largest office products company and a trusted source for office solutions. We provide products, services and expertise in the categories of office supplies, technology, furniture, Copy & Print, and cleaning and breakroom. Staples was founded in 1986, and today has annual sales of $25 billion, ranking second in the world in eCommerce sales. With 90,000 associates worldwide, Staples has a presence in more than 26 countries throughout North and South America, Europe, Asia and Australia — bringing easy to offices and consumers everywhere. Staples headquarters is located outside of Boston, Massachusetts.

Cvent, Inc. Internet Software & Services | Tysons, VA

Cvent, Inc. engages in the provision of meetings, events, and hospitality management technology solutions. The firm offers tools for online event registration, venue selection, event management, mobile apps for events, email marketing, attendee tracking, and customer feedback. It focuses on the industry of association, corporate, education, government, hospitality, non-profit, and third-party planner. The company was founded by Rajeev K. Aggarwal, Sanjeev K. Bansal, Charles V. Ghoorah, David C. Quattrone, and Dwayne J. Sye in 1999 and is headquartered in McLean, VA.

Competitors
Automatic Data Processing, Inc. IT Consulting & Services - Roseland, New Jersey

Automatic Data Processing is a comprehensive global provider of cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration, and a leader in business outsourcing services, analytics and compliance expertise. Their unmatched experience, deep insights and cutting-edge technology have transformed human resources from a back-office administrative function to a strategic business advantage.

Awards & Honors
Rank #783
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #76
2014
Forbes - World's 100 Most Innovative Companies
Sponsored by Forbes Magazine
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