Put High-Yield Paychex, Inc. On Your Watchlist

Fri., March 31, 2023 | Thomas Hughes

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.
5 stocks we like better than Paychex

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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Automatic Data Processing (ADP)	2.6679 of 5 stars	$211.81	+1.3%	2.36%	27.05	Hold	$237.91
Cintas (CTAS)	2.5195 of 5 stars	$476.00	+0.8%	0.97%	38.20	Moderate Buy	$501.25
Paychex (PAYX)	2.5024 of 5 stars	$107.20	+2.2%	3.32%	25.83	Hold	$122.79

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About Thomas Hughes

Contributing Author: Technical and Fundamental Analysis

Thomas got his start with the markets while working as a Chef. In 2005 a chance invitation to attend the seminar “How To Buy And Sell Your Own Stocks” altered his worldview. Soon trading and stocks consumed his every waking moment to the point of excluding all else. Thomas now enjoys a much different lifestyle engaged in his true passion, uncovering great investments.

Contact Thomas Hughes via email at tmhughes.writeon@gmail.com.