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Opinions David Driscoll
PaychexPAYXTOP PICKAug 08, 2013
David DriscollStock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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Premium contentPaychex, 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.
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.
David Driscoll
David DriscollDavid Driscoll
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.