Paychex Increasingly Ties Its Future to Its Paid Employer Organization
Wide-moat Paychex's second fiscal quarter revolved around the company's acquisition of Oasis Outsourcing and what contribution the acquired firm would make to the company. According to management, Oasis will contribute somewhere between $155 and $175 million in sales. This implies that Oasis has sales somewhere in the vicinity of $400 million while growing revenues by an upper-single digit percentage. This implies Paychex paid around 3.5 times sales. Given the growth and the ability to integrate...Paychex is a provider of integrated human capital management (HCM) solutions for payroll, benefits, human resource (HR), and insurance services for small- to medium-sized businesses. The company's portfolio of HCM and employee benefit-related services include: payroll processing services; payroll tax administration services; employee payment services; regulatory compliance services (new-hire reporting and garnishment processing); HR Solutions Administrative Services Organization; retirement services administration; HR administration services, including time and attendance; other HR services and products; business services; Professional Employer Organization services; and insurance services.
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