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Non-Tech : PAYX: Paychex, Inc.
PAYX 112.18-1.1%Dec 31 3:59 PM EST

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From: Axxel4/8/2002 8:19:06 AM
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PAYX Paychex, Inc. $ 35.99. Neutral…near $40 on this move…we will play somewhere else. UPDATE 3.27.02: $38.24 now we will play here. Buy. provides payroll processing, human resource, and benefits outsourcing solutions for small-to medium-sized businesses. PAYX offers comprehensive payroll services including direct deposit and check signing. For the 9 months ended 2/28/02, total revenues rose 11% to $710.6M. Net income rose 10% to $205.9M. Revenues reflect the addition of new clients and price increases. Earnings were partially offset by
higher personnel costs. Axxel
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