NASDAQ:PAYX
64.89
0.40
(0.61%)
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
Signal
Opinion
Expert
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 opinion
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.
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.
BUY
BUY
November 2, 2018
Payroll processor for small/medium-sized companies. They're a cash cow. Interest rates are rising, so they make more money. In the last quarter, organic growth was 9%, 3x the US economy's rate. Profits up 18%. Dividend rising. Unlike Square, PAYX deals with all the States in America. Trades at 18-21x earnings. Dividend around 3%.
Show full opinionHide full opinionPayroll processor for small/medium-sized companies. They're a cash cow. Interest rates are rising, so they make more money. In the last quarter, organic growth was 9%, 3x the US economy's rate. Profits up 18%. Dividend rising. Unlike Square, PAYX deals with all the States in America. Trades at 18-21x earnings. Dividend around 3%.
COMMENT
COMMENT
August 30, 2018
Model price is 63.70 so it is 12% overvalued. When it comes back to the model price he would be a buyer.
Model price is 63.70 so it is 12% overvalued. When it comes back to the model price he would be a buyer.
WATCH
WATCH
May 23, 2018
Similar to ADP who is focused on the small and medium sized companies. When the economy is really strong this company will do well. His concern is that the economy may be at peak capacity, with unemployment less than 4% -- how many more paycheques can they write? This is also outside the seasonal peak for the sector. Technically, it needs to hold key support near these levels.
Similar to ADP who is focused on the small and medium sized companies. When the economy is really strong this company will do well. His concern is that the economy may be at peak capacity, with unemployment less than 4% -- how many more paycheques can they write? This is also outside the seasonal peak for the sector. Technically, it needs to hold key support near these levels.
WATCH
WATCH
April 11, 2018
This company had a great run in 2017, but recently has failed to perform. Price is two times growth in the P/E (i.e. the P/E is around 20, while growth is about 10%) – this is expensive. Keep it on your radar.
This company had a great run in 2017, but recently has failed to perform. Price is two times growth in the P/E (i.e. the P/E is around 20, while growth is about 10%) – this is expensive. Keep it on your radar.
Paychex(PAYX-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 5
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. 4 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is DON'T 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 David Fingold on 2020-04-07. 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?
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 2020-04-07, Paychex (PAYX-Q) stock closed at a price of $64.89.
