Since the quarter ended August 31st, 2008, Paychex Inc's net change in cash & equivalents has decreased from -$103 Million to -$2.64 Billion as of the quarter ended May 31st, 2024.
Paychex Inc's net change in cash & equivalents during the quarter ended May 31st, 2024 of -$2.64 Billion was lower than its peers in the Staffing & Outsourcing Services industry group during the quarter ended June 30th, 2024 of 5.42 Million. From August 31st, 2008 to May 31st, 2024, Paychex Inc's average net change in cash & equivalents was 25.7 Million compared to an industry average of 14.5 Million.
Paychex, Inc. engages in the provision of payroll, human resource, insurance, and benefits outsourcing solutions for small and medium sized businesses. The company offers payroll processing, payroll tax administration services, employee payment services, regulatory compliance services, Paychex HR Solutions, retirement services administration, insurance services, and eServices and other human resource services and products. The company was founded by Blase Thomas Golisano in 1971 and is headquartered in Rochester, NY.
© 2021 DiscoverCI
Disclaimer: DiscoverCI LLC is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on DiscoverCI.com represent a recommendation to buy or sell a security. The information on this site, and in its related application software, spreadsheets, blog, email and newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. In no event shall DiscoverCI.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any product, content or other material published or available on DiscoverCI.com, or relating to the use of, or inability to use, DiscoverCI.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related blog, email and newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way.