11 Stocks Jim Cramer Put Under the Microscope Recently

8. Paychex, Inc. (NASDAQ:PAYX)

Number of Hedge Fund Holders: 41

Paychex, Inc. (NASDAQ:PAYX) is one of the 11 stocks Jim Cramer put under the microscope recently. Discussing the stock’s recent decline, Cramer said:

“What the heck happened to the stock of Paychex today? Payroll processor and outsource human capital management company that cuts one out of every 11 paychecks in the private sector. This morning, Paychex reported what the Street thought to be a mixed quarter. In-line earnings paired with oh-so slightly lower than expected revenue, which would’ve been fine but… people thought that maybe their full year forecast for revenue, little light…

On the other hand, the earnings forecast was fantastic. It seems crazy to me that the stock plunged 9% today in response to those numbers, making it the worst-performing in the S&P 500. I mean, some of this disturbance might be because the company recently closed on a $4.1 billion acquisition of Paycor, a company, you know I like very much, and maybe that makes their financials a little harder to understand today. 9% still feels excessive to me.”

Paychex (NASDAQ:PAYX) provides human capital management services covering payroll processing, human resources support, employee benefits, insurance solutions, and retirement plan administration. The company primarily serves small and mid-sized businesses.