Company Of The Day: Paychex

+2.45%
Upside
113
Market
116
Trefis
PAYX: Paychex logo
PAYX
Paychex

What?

Paychex (NYSE:PAYX) posted a stronger than expected set of Q2 FY’22 results, with revenue rising by about 11% year-over-year to about $1.09 billion and EPS coming in at $0.91. The company also raised its outlook for the full year.

Why?

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The results were driven by growth in employees within the company’s client base and continued strong sales growth and client retention.

So What?

PAYX stock was up by 5.5% on Wednesday.

See Our Complete Analysis For Paychex

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

 Returns Dec 2021
MTD [1]
2021
YTD [1]
2017-21
Total [2]
 PAYX Return 7% 43% 119%
 S&P 500 Return 0% 25% 109%
 Trefis MS Portfolio Return 1% 46% 293%

[1] Month-to-date and year-to-date as of 12/22/2021
[2] Cumulative total returns since 2017

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