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Gevity HR (GVHR)
For small and medium-sized businesses, often operating on a shoe-string budget, finding the right staff -- and managing the paperwork to employ them -- can be a real headache. That's where Gevity comes in. The Bradenton (Fla.) company helps entrepreneurs cut down on the bureaucracy of human resources with a combination of services: finding the right talent, processing their paychecks and company taxes, and ensuring firms' compliance with government regulations. It's a nifty niche. Profits at Gevity have jumped 102% on average over the past three years, to $37.4 million in 2005 in revenue of $608.8 million. In 2005, the number of Gevity-supplied employees who stayed with client companies jumped to 82.5%, from 77% in 2004. And the addition of UnitedHealthcare as a health-insurance provider expanded its network of reputable providers. Add it all up, and the company promises double-digit growth in 2006.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 677.5 |
| Sales* ($ Millions) | 624.6 |
| Sales Growth (3-yr. avg. annual) |
19.4 % |
| Profits* ($ Millions) | 37.4 |
| Profit Growth (3-yr. avg. annual) | 101.5 % |
| Return on Inv. Capital (3-yr.) | 20.5 % |
| Share Price 12-Mo. Hi/Lo | 30/16 |
| Share Price As of 4/28/06 | 26 |
| Return on Equity | 24.1 % |
| P/E Ratio | 19 |
| No. of Employees | 1,050 |
| Industry | Data Processing & Outsourced Services |
| CURRENT MARKET INFO | GVHR > |
| COMPANY WEB SITE > | |
| Location | Bradenton, Fla. |
| Phone | 941 741-4300 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Gevity HR provides human capital management solutions to small and medium-size businesses in the U.S. It enables its clients to achieve workforce alignment, obtain administrative relief, and access business protection services. The company assists its clients in achieving workforce alignment by enabling them to find talent, implement formal HR processes and use professional management standards, and utilize employee motivation and retention practices. Gevity HR is also involved in the management of employee administrative matters, such as processing of payroll, taxes, and insurance premiums; and record keeping and technology. It also provides business protection to clients to ensure employment-related regulatory compliance and risk management practices. The company serves health services, business services, personal services, hotel and lodging services, computer services, legal services, building maintenance, social services, general contracting and other trade work, and miscellaneous repair services industries. Gevity HR delivers its services through its human resource consultants, self-service portal, and through the Internet. As of Dec. 31, 2005, it served approximately 8,200 clients with approximately 137,000 active client employees. Gevity HR has strategic alliances with Aetna; American International Group; Blue Cross and Blue Shield of Florida; Capital Health Plan; Frontenac Company LLC; Harvard Pilgrim; Health Net; HealthPartners of Minnesota; Hewlett-Packard; Kaiser Permanente; Oracle Corporation; Spectera Vision; and Transamerica Retirement Services. The company was founded in 1993. It was formerly known as Staff Leasing and changed its name to Gevity HR in 2002. Gevity HR has its headquarters in Bradenton, Fla.
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