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

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NASDAQ:PAYX

117.86

0.35 (0.30%) 1d

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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

BUY

On Monday, it hit an all-time high during a fabulous jobs report, but then yesterday the market didn't like its quarterly report, which beat in earnings, inline sales and slightly raised full-year forecast. He liked this report, but Wall Street didn't. PAYX shares plunged 5%. He saw this coming, because PAYX tends to report good numbers then sells off, which creates a buying opportunity before grinding higher.

computer software / processing

PAST TOP PICK

(A Top Pick Feb 07/20, Up 7%) Services small businesses, and that's what the recovery will be about. Cash cow stock.

computer software / processing

BUY

The stimulus package is a plus, but the vaccine roll-out has been a disaster. PAYX delivered a strong beat two days before Christmas, rallied $3, but then reversed and is now 10% off its peak. Nuts. Everytime this pulls back from a great quarter, it's a buying opportunity

computer software / processing

COMMENT

Today it reported a solid top and bottom beat, and raised their forecast. Revenues and earnings are down, though, but today's numbers far exceeded expectations. Still, the stock fell 2.5% today. After last July's report, the stock also sold off but then came back. This pattern could repeat.

computer software / processing

DON'T BUY

PAYX has a solid reputation, but everyone in payroll processing faces rising jobless claims and layoffs and this hurts this sector. Payroll is driven by macro factors, not business fundamentals. Avoid this space and wait until a recession bottom and payrolls improve. Also, these companies won't earn interest on the floats they hold because rates are near zero.

computer software / processing

TOP PICK

If you believe the job numbers from Monday, they were substantial. This name is a beneficiary from job growth. They deal with small and mid-sized companies with and pays out a dividend of 3.6%. They have been growing business into HR so the dividend is going higher. It's a cash cow since they bank the payroll money. (Analysts’ price target is $85.44)

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 2022-05-24, Paychex (PAYX-Q) stock closed at a price of $117.86.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

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