NASDAQ:PAYX
98.28
0.06
(0.06%)
Paychex, Inc. is an American provider of payroll, human resource, and benefits outsourcing services for small- to medium-sized businesses.
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Analysis and Opinions about PAYX-Q
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Opinion
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BUY
BUY
April 7, 2021
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.
Show full opinionHide full opinion
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.
PAST TOP PICK
PAST TOP PICK
February 10, 2021
(A Top Pick Feb 07/20, Up 7%) Services small businesses, and that's what the recovery will be about. Cash cow stock.
Show full opinionHide full opinion(A Top Pick Feb 07/20, Up 7%) Services small businesses, and that's what the recovery will be about. Cash cow stock.
BUY
BUY
January 4, 2021
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
Show full opinionHide full opinionThe 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
COMMENT
COMMENT
October 6, 2020
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.
Show full opinionHide full opinionToday 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.
DON'T BUY
DON'T BUY
April 7, 2020
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.
Show full opinionHide full opinionPAYX 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.
TOP PICK
TOP PICK
February 7, 2020
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)
Show full opinionHide full opinionIf 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)
PARTIAL BUY
PARTIAL BUY
January 13, 2020
Take a half-position now, then wait for a pullback. As businesses hire, PAYX will do well. And US unemployment is at record lows. He's owned this forever and will hold on. Drill down on US unemployment figures, because it isn't balanced; there are pockets of higher unemployment which is concerning.
Show full opinionHide full opinionTake a half-position now, then wait for a pullback. As businesses hire, PAYX will do well. And US unemployment is at record lows. He's owned this forever and will hold on. Drill down on US unemployment figures, because it isn't balanced; there are pockets of higher unemployment which is concerning.
BUY WEAKNESS
BUY WEAKNESS
December 11, 2019
non-FANG suggestion? He likes the payment processing space -- ADP, Paychex, Visa, or Mastercard. He would like to buy on a dip.
non-FANG suggestion? He likes the payment processing space -- ADP, Paychex, Visa, or Mastercard. He would like to buy on a dip.
BUY WEAKNESS
BUY WEAKNESS
December 5, 2019
At the end of the day, the FED is just printing money. They are trying to focus on the REPO market. He is positive about the stock. It is in the top 100 of the S&P 500. This stock ticks all the boxes. Model price is $75.28, -11% but certainly on a pullback would be a buyer.
Show full opinionHide full opinionAt the end of the day, the FED is just printing money. They are trying to focus on the REPO market. He is positive about the stock. It is in the top 100 of the S&P 500. This stock ticks all the boxes. Model price is $75.28, -11% but certainly on a pullback would be a buyer.
BUY WEAKNESS
BUY WEAKNESS
July 29, 2019
A great growth profile and a decent yield. His model price is just above $71. He would be a buyer at $61. Yield 3%
Show full opinionHide full opinionA great growth profile and a decent yield. His model price is just above $71. He would be a buyer at $61. Yield 3%
COMMENT
COMMENT
May 27, 2019
Interesting company. Only have domestic revenues. Offer outsourcing HR services. Perennial dividend increaser. Recent acquisition will propel growth.
Show full opinionHide full opinionInteresting company. Only have domestic revenues. Offer outsourcing HR services. Perennial dividend increaser. Recent acquisition will propel growth.
PAST TOP PICK
PAST TOP PICK
March 1, 2019
(A Top Pick Feb 01/18, Up 19%) This is the #2 player in payroll processing. It caters more toward the mid tier market. This is a growth business.
Show full opinionHide full opinion(A Top Pick Feb 01/18, Up 19%) This is the #2 player in payroll processing. It caters more toward the mid tier market. This is a growth business.
HOLD
HOLD
February 15, 2019
CSCO vs. PAYX. You can own both because they're not in the same industries. Both growing around the same rate. Stigma for Cisco is the hardware side. Its growth is coming from security and software. Paychex is chugging along, with HR, insurance, payroll deposits. Paychex gets to earn interest over the weekend in free money, so it's a cash cow. Whereas Cisco is a bit more cyclical.
Show full opinionHide full opinionCSCO vs. PAYX. You can own both because they're not in the same industries. Both growing around the same rate. Stigma for Cisco is the hardware side. Its growth is coming from security and software. Paychex is chugging along, with HR, insurance, payroll deposits. Paychex gets to earn interest over the weekend in free money, so it's a cash cow. Whereas Cisco is a bit more cyclical.
HOLD
HOLD
January 28, 2019
Very toppy. Now at $70. It consolidated at $60 which he likes. Continue to hold.
Show full opinionHide full opinionVery toppy. Now at $70. It consolidated at $60 which he likes. Continue to hold.
BUY
BUY
January 17, 2019
Revenue growth up 7% last quarter. Interesting acquisition has brought them beyond payroll and into HR. Seeing higher earnings growth because of that. Trading at 20-25x earnings. Dividend's going up. Every time the Fed raises rates, PAYX makes a ton of free money by holding over the weekend before remitting.
Show full opinionHide full opinionRevenue growth up 7% last quarter. Interesting acquisition has brought them beyond payroll and into HR. Seeing higher earnings growth because of that. Trading at 20-25x earnings. Dividend's going up. Every time the Fed raises rates, PAYX makes a ton of free money by holding over the weekend before remitting.
Paychex(PAYX-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 4
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, 4 stock analysts published opinions about PAYX-Q. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Jim Cramer - Mad Money on 2021-04-07. 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?
4 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 2021-04-22, Paychex (PAYX-Q) stock closed at a price of $98.28.
