Buy, Sell or Hold: Paychex (PAYX-Q) — Stock Predictions at Stockchase

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Home Daily Stock Opinions and Ratings Paychex (PAYX-Q)

NASDAQ:PAYX

118.58

2.02 (1.67%) 1d

PAST TOP PICK

(A Top Pick Dec 24/21, Down 11%) Proxy for small business in the US. Announced 2023 revenue would come down to 7% revenue growth. The business is really good. Every 1/4 interest rate increase adds 3M in profits to earnings. Not the time to buy in a big way. Earnings and multiple contraction could easily push it below $100.

computer software / processing

COMMENT

They report Thursday. They're had a good run. If they report strong, then the Fed will hike rates higher/faster.

computer software / processing

BUY

Today, they reported a revenue beat and raised their quarterly guidance.

computer software / processing

BUY

Like Intuit, it offers services and products to enable people to start their own businesses, people who quit their company jobs to work for themselves.

computer software / processing

BUY

Down over 4% today despite a better than expected quarter: a clean top and bottom line beat and strong guidance. Was a dependable stock, but has pulled back over recession worries. Their call said that the pace of small business job growth slowed in May, though management sees no recession ahead.

computer software / processing

BUY

They report Wednesday and have reported strong numbers recently. Small and medium businesses continue to hire which benefits this PAYX. They collect interest while people their cheques, a source of extra revenue.

computer software / processing

TOP PICK

For every .25 % interest rate increase in USA, company makes $3 million. Trading at all time high. Earnings and performance numbers exceeded expectations. 12% growth in revenue and profits. Very little debt and strong cash flows.

computer software / processing

BUY

America's 2nd-highest payroll processor which thrives when the employment is strong, like now. Today, they reported a blow-out quarter: an 11-cent earnings beat above 80-cents; beat sales, which are 13% YOY; and raised their full-year forecast for the second straight quarter from 10-12% to 18-20% for 2022. Shares exploded 5% today. This can run higher. It has a habit of reporting strong numbers, then shares sell-off, but not this time.

computer software / processing

BUY on WEAKNESS

It reports Wednesday. They always report a solid quarter, then shares get hammered, which is when you buy.

computer software / processing

BUY

They blew away their report 2 weeks ago. Anyone that helps companies hire workers during this labour shortage wins.

computer software / processing

TOP PICK

Automated payroll deposit company. Earnings beat forecast and streets in the 12-14% range. If interest rates rise, this will be a bonus for the company. They bank all payroll tax remittances over a weekend, which makes a good amount of money. Management solution side of the business is growing. (Analysts’ price target is $116.22)

computer software / processing

BUY

It's the second-biggest payroll processor in the U.S. with a big outsourced HR division doing very well as a kicker. They delivered a super quarter last week, with top and bottom line beats and raising their full-year forecast across the board. It's risen near it's all-time high.

computer software / processing

WATCH

A stable company that processes payroll for 750,000 companies around the US. A stable business that will grow along with the economy. Trading at a pricy 35x earnings. Predictability is very high but they look at growth against own history and other competition. There may be an opportunity in the future to enter.

computer software / processing

BUY

They report Friday. Typically, they report hot, then shares tumble, but this time shares have plunged ahead of the report.

computer software / processing

BUY on WEAKNESS

A competitor with ADP. The smaller of the two. Has been great performer but it is a little ahead of itself. If the US dollar continues to decline, you could see a good opportunity. Interest rates and strong job growth will be a stimulus.

computer software / processing

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Paychex(PAYX-Q) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 5

Stockchase rating for Paychex is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Paychex(PAYX-Q) Frequently Asked Questions

What is Paychex stock symbol?

Paychex is a American stock, trading under the symbol PAYX-Q on the NASDAQ (PAYX). It is usually referred to as NASDAQ:PAYX or PAYX-Q

Is Paychex a buy or a sell?

In the last year, 5 stock analysts published opinions about PAYX-Q. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Paychex.

Is Paychex a good investment or a top pick?

Paychex was recommended as a Top Pick by on . Read the latest stock experts ratings for Paychex.

Why is Paychex stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Paychex worth watching?

5 stock analysts on Stockchase covered Paychex In the last year. It is a trending stock that is worth watching.

What is Paychex stock price?

On 2023-02-03, Paychex (PAYX-Q) stock closed at a price of $118.58.

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