Paychex: A Wonderful Business, But Waiting For A Better Entry Point [Seeking Alpha]
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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US:NASDAQ Investor Relations:
investor.paychex.com
Company Research
Source: Seeking Alpha
I believe the current valuation of the stock suggests that upside. The company expects to grow its revenue by 5-6% in FY24 while maintaining its operating profit margin between 41-42%. Although the company is investing strategically in partnerships and integrating AI into its solution suite, macroeconomic concerns remain a threat, especially as it caters to the SMB market. Introduction & Investment Thesis Paychex ( NASDAQ: PAYX ) is a provider of human capital management solutions that has underperformed the S&P 500 and the Nasdaq 100 YTD. The company is set to report its Q3 FY24 earnings on March 27. The company is expected to grow its revenue by 5-6% in FY24 while maintaining its operating profit margin between 41-42%. At the same time, the company continues to invest in strategic partnerships and integrate AI to improve its solution suite, thus ensuring its market leadership position. However, I believe that macroeconomic uncertainty could be a sizable threat, especially as
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PAYX
News
- ITX Receives Certification as a 'Great Place To Work®' [Yahoo! Finance]Yahoo! Finance
- Benefits Administration Software Market To Reach USD 2,045.5 Million By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- 80% of Recent Quitters Miss Their Old Jobs: 3 Reasons Why So Many Regret Leaving [Yahoo! Finance]Yahoo! Finance
- Why Investors Need to Take Advantage of These 2 Business Services Stocks Now [Yahoo! Finance]Yahoo! Finance
- Paychex: Scoop Up This Dividend Growth Stock Now [Seeking Alpha]Seeking Alpha
PAYX
Earnings
- 4/2/24 - Beat
PAYX
Sec Filings
- 4/18/24 - Form 3
- 4/17/24 - Form 4
- 4/16/24 - Form 8-K
- PAYX's page on the SEC website