Tranche Update on Paychex, Inc.'s Equity Buyback Plan announced on May 7, 2019.
October 02, 2019 at 08:30 am
Share
From June 1, 2019 to August 31, 2019, the company has repurchased 2,000,000 shares, representing 0.56% for $171.9 million. With this, the company has completed the repurchase of 2,000,000 shares, representing 0.56% for $171.9 million under the buyback announced on May 7, 2019.
Paychex, Inc. specializes in the development of integrated management software packages (ERP). The group also offers outsourcing services for small and mid-size companies. Net sales break down by activity sector as follows:
- payroll and human resources management solutions (74.5%): management solutions for payroll, internal accounting data, taxes, employee benefits, pensions, etc.;
- HR management solutions for professional employer organizations (23.5%): health insurance management, risk management and risk management, employee assistance schemes, etc.;
- fund management (2%).
All sales are in the United States.
PAYCHEX, INC. 
