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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 $50.7 billion, Paychex's operations span the United States, Europe, and internationally.
Companies worth $10 billion or more are generally described as "large-cap stocks," Paychex fits this bill perfectly. Given the company’s extensive clientele, its valuation above this mark is not surprising. The company serves 745,000+ customers worldwide helping them manage their human resources, payroll, and benefits.
