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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.

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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 Guide To High-Short-Interest Stocks Cover
A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for February 2025. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Thomas Hughes
About The Author

Thomas Hughes

Contributing Author

Technical and Fundamental Analysis

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Automatic Data Processing (ADP)
4.4538 of 5 stars		$297.10+0.4%2.07%31.71Hold$289.91
Cintas (CTAS)
4.5967 of 5 stars		$197.39-0.2%0.79%47.59Hold$198.46
Paychex (PAYX)
4.022 of 5 stars		$146.11+0.9%2.68%30.76Reduce$132.23
Compare These Stocks  Add These Stocks to My Watchlist 

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