Free Trial
→ Feds Just Admitted It—They Can Take Your Cash (From Priority Gold) (Ad)

Put High-Yield Paychex, Inc. On Your Watchlist 

Thomas Hughes
Written by Thomas Hughes
March 31, 2023

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. 
  • Five stocks to consider instead of Paychex.

unlock icon  Upgrade Now

This premium article is available to MarketBeat All Access subscribers only. Log in to your account or sign up below.

Upgrade Now See Benefits

Already have an account? Log in here.

Should You Invest $1,000 in Paychex Right Now?

Before you consider Paychex, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paychex wasn't on the list.

While Paychex currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover
A Beginner's Guide to Investing in Cannabis

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Thomas Hughes
About The Author

Thomas Hughes

Contributing Author

Technical and Fundamental Analysis

Learn More about Thomas Hughes
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Automatic Data Processing (ADP)
4.3201 of 5 stars		$291.02-1.2%2.12%30.35Hold$302.30
Cintas (CTAS)
4.4688 of 5 stars		$207.26-1.2%0.75%49.98Hold$213.62
Paychex (PAYX)
4.1139 of 5 stars		$142.80-1.0%2.75%30.05Reduce$141.00
Compare These Stocks  Add These Stocks to My Watchlist 

Featured Articles and Offers

Recent Videos

Markets in Rally Mode: Will Earnings Keep It Going?
3 Tech Stocks to Buy Now—And 3 You’ll Regret Keeping
After Stellar Earnings, Is TSMC the Next Chip Leader?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines