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PaychexPAYXPAST TOP PICKNov 14, 2016Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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.
(A Top Pick Aug 25/16. Down 6.51%.) This should work perfectly with a Trump government. They do all of the payroll processing, HR, 401K plans. They are really sticking with small businesses of 15 employees or less. Infrastructure and growth in the US is really going to start with the small businesses. This is really a cash cow.