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Opinions David Driscoll
PaychexPAYXPAST TOP PICKJul 27, 2017
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
(A Top Pick Aug 25/16. Up 1.4%.) On the interest rate rise, they made $3 million off the tax remittances which is about $4 billion every 2 weeks. Small businesses are usually the engine for the US growth and the economy. They have no debt and lots of cash flow. Dividend has been growing at roughly a 7%-10% clip.