| Firm | Analyst |
|---|---|
| Baird | Mark Marcon |
| Barclays | Ramsey El-Assal |
| BofA Securities | Jason Kupferberg |
| Citi | Peter Christiansen |
| Deutsche Bank | Bryan Keane |
| Evercore ISI | David Togut |
| Jefferies | Samad Samana |
| JP Morgan | Tien-Tsin Huang |
| Morgan Stanley | James Faucette |
| Morningstar | Emma Williams |
| Northcoast Research | Kartik Mehta |
| RBC Capital Markets | Ashish Sabadra |
| Stifel | David Grossman |
| TD Cowen | Bryan Bergin |
| UBS | Kevin McVeigh |
| Wedbush | Moshe Katri |
| William Blair | Andrew Nicholas |
| Wolfe Research | Scott Wurtzel |
Paychex, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Paychex, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Paychex, Inc. or its management. Paychex, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.