NEW YORK ( TheStreet) -- Paychex (Nasdaq: PAYX) hit a new 52-week high Thursday as it is currently trading at $38.89, above its previous 52-week high of $38.66 with 103,074 shares traded as of 9:35 a.m. ET. Average volume has been 2.2 million shares over the past 30 days. Paychex has a market cap of $13.88 billion and is part of the services sector and diversified services industry. Shares are up 22.7% year to date as of the close of trading on Wednesday. Paychex, Inc., together with its subsidiaries, provides payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany.