AllAnalyst Report
logoMorningstarMarch 30, 2023

Paychex, Inc.: We Expect Paychex's Success Upselling Add-On Services Is Yielding Stickier Clients

Symbols
PAYX
Sector(s)
Industrials
Rating
Current Price
$117.79
Fair Value
Economic Moat
Stewardship
Summary

Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 730,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefit

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