Paychex

PAYX-Q

NASDAQ:PAYX

72.28
0.20 (0.28%)
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
TOP PICK
TOP PICK
August 8, 2013

Tied to rising interest rates because every 2 weeks, when they do payroll tax deduction, they get to bank it over the weekend before they send it to the IRS. If rates get to their historic value of about 5%, this adds almost $0.50 a share to their profits. Also, if there is a recovery in the US economy, most of it comes from small business first.

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Paychex (PAYX-Q)
August 8, 2013

Tied to rising interest rates because every 2 weeks, when they do payroll tax deduction, they get to bank it over the weekend before they send it to the IRS. If rates get to their historic value of about 5%, this adds almost $0.50 a share to their profits. Also, if there is a recovery in the US economy, most of it comes from small business first.

TOP PICK
TOP PICK
November 20, 2012

Payroll company for small to medium size business segment. Increased dividend for last15 years. 4% dividend. As employment increases this will continue to grow. No debt. As interest rates increase they can get yield on the very large float they carry.

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Paychex (PAYX-Q)
November 20, 2012

Payroll company for small to medium size business segment. Increased dividend for last15 years. 4% dividend. As employment increases this will continue to grow. No debt. As interest rates increase they can get yield on the very large float they carry.

BUY WEAKNESS
BUY WEAKNESS
March 2, 2012
Payroll services. Outlook for their business has to be improved with employment picking up in the US and lots of new businesses starting.
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Paychex (PAYX-Q)
March 2, 2012
Payroll services. Outlook for their business has to be improved with employment picking up in the US and lots of new businesses starting.
DON'T BUY
DON'T BUY
April 7, 2010
Makes money on processing pay cheques. They get to bank money overnight or over a weekend prior to remitting payroll taxes. Probably too pricey right now simply because interest rates do not look like they are going to be rising on the Horizon.
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Paychex (PAYX-Q)
April 7, 2010
Makes money on processing pay cheques. They get to bank money overnight or over a weekend prior to remitting payroll taxes. Probably too pricey right now simply because interest rates do not look like they are going to be rising on the Horizon.
BUY WEAKNESS
BUY WEAKNESS
November 6, 2009
Automated payroll deposit company. Service companies with 15 employees or less in the US plus a little bit of exposure to the German market. Likes them because they are a net cash flow positive firm where they get bank money every 2 weeks for payroll/taxes over the weekend. Current problem is high unemployment and zero interest rates. About 4.5% yield. Wait for a correction before buying.
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Paychex (PAYX-Q)
November 6, 2009
Automated payroll deposit company. Service companies with 15 employees or less in the US plus a little bit of exposure to the German market. Likes them because they are a net cash flow positive firm where they get bank money every 2 weeks for payroll/taxes over the weekend. Current problem is high unemployment and zero interest rates. About 4.5% yield. Wait for a correction before buying.
WEAK BUY
WEAK BUY
June 12, 2008
Large payroll processing company. Very dependent on employment numbers. With employment under pressure, it kind of lessens its opportunities. Prefers Automatic Data Processing (ADP-N). (See Top Picks.)
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Paychex (PAYX-Q)
June 12, 2008
Large payroll processing company. Very dependent on employment numbers. With employment under pressure, it kind of lessens its opportunities. Prefers Automatic Data Processing (ADP-N). (See Top Picks.)
WATCH
WATCH
March 17, 2008
Yielding 3.8%. Attractive if it gets down to $25. Decreasing in value because interest rates are lower.
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Paychex (PAYX-Q)
March 17, 2008
Yielding 3.8%. Attractive if it gets down to $25. Decreasing in value because interest rates are lower.
COMMENT
COMMENT
March 12, 2008
Has always thought this was too expensive.
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Paychex (PAYX-Q)
March 12, 2008
Has always thought this was too expensive.
BUY
BUY
December 6, 2007
(Market Call Minute.)
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Paychex (PAYX-Q)
December 6, 2007
(Market Call Minute.)
PAST TOP PICK
PAST TOP PICK
February 15, 2007
(A Top Pick Nov 9/06. Up 8.3%.) Increased dividend from $.64 to $.84 a share. A cash cow.
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Paychex (PAYX-Q)
February 15, 2007
(A Top Pick Nov 9/06. Up 8.3%.) Increased dividend from $.64 to $.84 a share. A cash cow.
TOP PICK
TOP PICK
November 9, 2006
Automated payroll distributors. Every 2 weeks, when payroll taxes are taken out, they get to bank it for 3 days before it goes to the IRS. Organic growth has been very strong over the last 3 years. Just increased the dividend by 30% to $0.84.
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Paychex (PAYX-Q)
November 9, 2006
Automated payroll distributors. Every 2 weeks, when payroll taxes are taken out, they get to bank it for 3 days before it goes to the IRS. Organic growth has been very strong over the last 3 years. Just increased the dividend by 30% to $0.84.
PAST TOP PICK
PAST TOP PICK
September 14, 2006
(A Top Pick Aug 3/05. No change.) Dividend bump was 26% last year and expecting another increase shortly. Would recommend as a buy.
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Paychex (PAYX-Q)
September 14, 2006
(A Top Pick Aug 3/05. No change.) Dividend bump was 26% last year and expecting another increase shortly. Would recommend as a buy.
WEAK BUY
WEAK BUY
May 8, 2006
Employment sensitive so that as more people get hired, more paychecks get processed. As interest rates rise, they make more money as they get to bank the money before they send out. Only have 9% market share, so there is a lot of room to grow. Has been a big run-up since last September, so be a gradual buyer.
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Paychex (PAYX-Q)
May 8, 2006
Employment sensitive so that as more people get hired, more paychecks get processed. As interest rates rise, they make more money as they get to bank the money before they send out. Only have 9% market share, so there is a lot of room to grow. Has been a big run-up since last September, so be a gradual buyer.
TOP PICK
TOP PICK
August 3, 2005
Growing dividend. Interest rates are rising in the US. Employment jobs are being added. Both are positive signs. Expecting 20% growth.
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Paychex (PAYX-Q)
August 3, 2005
Growing dividend. Interest rates are rising in the US. Employment jobs are being added. Both are positive signs. Expecting 20% growth.
PAST TOP PICK
PAST TOP PICK
December 8, 2004
(A Top Pick June 8/04. Down 15.5%.) Tied to the economy. Just increased the dividend. Still likes. A good entry point.
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Paychex (PAYX-Q)
December 8, 2004
(A Top Pick June 8/04. Down 15.5%.) Tied to the economy. Just increased the dividend. Still likes. A good entry point.
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