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PaychexPAYXTOP PICKFeb 01, 2018Stock 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.
They can benefit from the Trump tax breaks. This is number 2 and cater to the medium to small businesses. This is in the sweet spot for American growth. Great margins, 40% plus ROE and a 3% yield that they keep raising. (Analysts’ target: $69.35).