Paychex: Keeps Delivering, Potential Opportunity To Nibble As Shares Dip

Nov. 09, 2022 3:53 PM ETPaychex, Inc. (PAYX) StockPAYX
Cash Builder Opportunities
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Summary

  • Paychex, Inc. keeps delivering results that beat expectations and even raised guidance in the last earnings.
  • This is quite a bold move, as expectations for a weaker economy are on the horizon, with the Fed aggressively raising rates.
  • The price of Paychex has come down meaningfully from our update earlier this year, but is still on the higher end of the fair value estimate range.
  • This idea was discussed in more depth with members of my private investing community, Cash Builder Opportunities. Learn More »

PAYCHEX Beaverton Office

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Written by Nick Ackerman. This article was originally published to members of Cash Builder Opportunities on October 26th, 2022.

Paychex, Inc. (NASDAQ:PAYX) continues to deliver results to shareholders. With their last earnings announcement at the end of September, they

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This article was written by

Cash Builder Opportunities
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Cash Builder Opportunities (aka Nick Ackerman) is a former fiduciary and a registered financial advisor with 14 years of investing experience.

He is the leader of the investing group Cash Builder Opportunities, where his specific focus is on closed-end funds, dividend growth stocks, and option writing as an attractive way to achieve income. He shares model portfolios and research to help investors make better decisions, via his Investing Group’s active chat room.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of PAYX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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