Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions, serving small- and medium-sized business owners with payroll, HR, retirement, and insurance services. With 45 years of industry expertise, the company has approximately 605,000 payroll clients across more than 100 locations and pays one out of every 12 American private sector employees. Paychex has shown steady growth beyond payroll processing, with a focus on innovation and mobility platforms to empower business owners. While the stock is currently considered expensive, it has shown consistent annual returns and pays a terrific dividend. Analysts advise paying attention to economic conditions and interest rates, as they could impact the company's revenue growth.

Consensus
Positive
Valuation
Fair Value
Similar
ADP, ADP-Q
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TOP PICK
Paychex

Paychex, inc. (nasdaq: payx) is a leading provider of integrated human capital management solutions for payroll, hr, retirement, and insurance services. by combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. backed by 45 years of industry expertise, paychex serves approximately 605,000 payroll clients across more than 100 locations and pays one out of every 12 american private sector employees.

computer software / processing
WEAK BUY
Paychex

Since 1995, has returned 14% annually. Margins have been growing as they've grown beyond payroll processing among small/medium-sized businesses, which offer growth. They benefitted from higher interest rates. He continues to buy it, though it's currently expensive. They project 6-8% revenue growth but will be hit if the economic weakens or rates decline.

computer software / processing
COMMENT
Paychex

They report Thursday. Pays a terrific dividend, but unfairly this name attracts analyst downgrades even when it does well.

computer software / processing
DON'T BUY
Paychex

A growthier name in the space. Likes the space, but pay attention to what you're paying for growth. Economic weakening will impact it. He's seeing better opportunities in larger-cap, software names like MSFT and AAPL.

computer software / processing
BUY
Paychex

They process payrolls for small/medium businesses. They just reported solid top and bottom line beats and raised guidance for this fiscal year. It pulled back hard earlier this quarter, but rebounded hard today.

computer software / processing
PAST TOP PICK
Paychex
(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
Paychex
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
Paychex
Today, they reported a revenue beat and raised their quarterly guidance.
computer software / processing
BUY
Paychex
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
Paychex
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
Paychex
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
Paychex
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
Paychex
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
Paychex
It reports Wednesday. They always report a solid quarter, then shares get hammered, which is when you buy.
computer software / processing
BUY
Paychex
They blew away their report 2 weeks ago. Anyone that helps companies hire workers during this labour shortage wins.
computer software / processing
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Paychex(PAYX-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 2

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, 2 stock analysts published opinions about PAYX-Q. 1 analyst recommended to BUY the stock. 1 analyst 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?

2 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 2024-04-15, Paychex (PAYX-Q) stock closed at a price of $122.46.