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.