Rochester, New York-based Paychex, Inc. (PAYX) provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses. With a market cap of $51 billion, Paychex's operations span the United States, Europe, and internationally.
Paychex has underperformed the broader market over the past year. PAYX stock has gained 19.1% on a YTD basis and 19.4% over the past 52 weeks, lagging behind the S&P 500 Index’s ($SPX) surge of 24.1% on a YTD basis and 30.1% over the past 52 weeks.
