$31.75
-0.34 (-1.06%)
Paychex, Inc. (PAYX)
CAPS Rating:
The Company is a provider of payroll, human resource, and employee benefits outsourcing solutions for small- to medium-sized businesses.
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The company is a leader in a niche market servicing small to mid-size companies of < 20 employees. They are in the early stages of expanding their revenue base through health/employee benefit administration. The upside to this part of the business appears to be wide open. The company has good management, no debt and an attractive dividend. A recession may slow growth in the near-term but the long-term prospects should be favorable.