Value Investing News

PAYCHEX Overview: Paychex Inc. (PAYX) was formed in 1979 and is headquartered in New York. The company provides outsourcing solutions to small and medium-sized businesses in the areas of human resource, payroll, and benefits for employees. Paychex operates through a network of over 100 offices across the U.S. and four offices in Germany.

• http://www.gurufocus.com/news/155646/paychex-wide-moat-dug-from-high-switching-costs (344)