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Opinions David Driscoll
PaychexPAYXWEAK BUYDec 19, 2023
David DriscollOwned
N/A
Stock price when the opinion was issued
$98.25
As of Jun 18, 2026. Market Open.
computer softwareprocessing
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Premium contentTOP PICK
Paychex, 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.
computer softwareprocessing
PAST TOP PICK
(A Top Pick Dec 24/21, Down 11%) Proxy for small business in the US. Announced 2023 revenue would come down to 7% revenue growth. The business is really good. Every 1/4 interest rate increase adds 3M in profits to earnings. Not the time to buy in a big way. Earnings and multiple contraction could easily push it below $100.
David DriscollOwned
computer softwareprocessing
BUY
Down over 4% today despite a better than expected quarter: a clean top and bottom line beat and strong guidance. Was a dependable stock, but has pulled back over recession worries. Their call said that the pace of small business job growth slowed in May, though management sees no recession ahead.
computer softwareprocessing
TOP PICK
For every .25 % interest rate increase in USA, company makes $3 million.
Trading at all time high.
Earnings and performance numbers exceeded expectations.
12% growth in revenue and profits.
Very little debt and strong cash flows.
David DriscollOwned
computer softwareprocessing
BUY
America's 2nd-highest payroll processor which thrives when the employment is strong, like now. Today, they reported a blow-out quarter: an 11-cent earnings beat above 80-cents; beat sales, which are 13% YOY; and raised their full-year forecast for the second straight quarter from 10-12% to 18-20% for 2022. Shares exploded 5% today. This can run higher. It has a habit of reporting strong numbers, then shares sell-off, but not this time.
computer softwareprocessing
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.