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Put High-Yield Paychex, Inc. On Your Watchlist 

Thomas Hughes
Written by Thomas Hughes
March 31, 2023

Key Points

  • Paychex outperformed expectations, but the response was muted due to a need for more. 
  • The dividend is safe and yields 2.7%. 
  • Guidance is positive but may not spark a rally until later in the year. 
  • Five stocks to consider instead of Paychex.

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Should You Invest $1,000 in Paychex Right Now?

Before you consider Paychex, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paychex wasn't on the list.

While Paychex currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Thomas Hughes
About The Author

Thomas Hughes

Contributing Author

Technical and Fundamental Analysis

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Automatic Data Processing (ADP)
4.5613 of 5 stars		$312.36-0.7%1.97%32.57Hold$305.64
Cintas (CTAS)
4.6668 of 5 stars		$221.72-0.2%0.70%53.46Hold$215.81
Paychex (PAYX)
4.3245 of 5 stars		$154.04-0.8%2.80%32.43Reduce$142.55
Compare These Stocks  Add These Stocks to My Watchlist 

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