I last reviewed Paychex (PAYX) in this December 21, 2023 post at which time Q2 and YTD2024 results and an update to the FY2024 outlook had just been released. With the release of Q3 results and updated FY2024 outlook on April 2, I revisit this existing holding. Business Overview A Business Overview is provided [...]

Paychex (PAYX) should appeal to risk-averse investors given its strong recurring revenue, and operating and free cash flow. I last reviewed it in this September 28 post at which time it had just released Q1 2024 results and raised its FY2024 outlook for the adjusted diluted EPS and Interest on Funds Held for Clients metrics. [...]

I last reviewed Paychex (PAYX) in this June 30 post at which time I determined shares were attractively valued. This was encouraging considering that for the past several months I struggled to identify fairly or attractively valued high-quality companies. Fortunately, the valuation pendulum has swung significantly of late thus presenting investors with a larger pool [...]

I consider low-risk Paychex (PAYX) to currently be attractively valued. I last reviewed this holding in my March 30, 2023 post at which time Q3 and YTD2023 results had just been released. With the release of its Q4 and FY2023 results and FY2024 outlook, I briefly revisit this holding. Business Overview Although I provide a [...]

In times of uncertainty, it helps if we use common sense when it comes to investing. Before I delve into why Paychex (PAYX) should appeal to risk-averse investors, I provide goeasy Ltd. (GSY.to) as an example of a company that should alarm investors; I touched upon this company in my December 27, 2020 post. GSY [...]

I last reviewed Paychex (PAYX) in this June 30, 2022 post following the release of Q4 and FY2022 results. At the time, I deemed shares to be fairly valued and increased my exposure within one of the 'Core' accounts in the FFJ Portfolio. Following the December 22 release of Q2 and YTD2023 results and another [...]

Much like Automatic Data Processing (ADP) which I analyzed in this January 27 2022 post, Paychex should benefit from a rising rate environment. This is because it often holds over $4.5B in funds held for clients, cash and cash equivalents, restricted cash, and corporate investments. Management's FY2023 projection is for $85 - $95 million of [...]

I invest in Paychex (PAYX) for peace of mind and have been a shareholder in one investment account or another since July 8, 2009. This post reviews PAYX's results for the first half of FY2022 and guidance for FY2022. Business Overview PAYX, founded in 1979, is a human resource (HR) software and services company. It [...]