In this article, we will take a look at the 5 best staffing company stocks to buy. For a detailed analysis of these companies, go directly to the 10 Best Staffing Company Stocks to Buy.
5. Paychex, Inc. (NASDAQ: PAYX)
Number of Hedge Fund Holders: 32
Paychex, Inc. (NASDAQ: PAYX) is a New York-based company that provides human resource, payroll, and other services to businesses. It is placed fifth on our list of 10 best staffing company stocks to buy and was founded in 1971. Paychex stock has returned more than 50% to investors over the past year. The firm has operations in Europe in addition to the United States. It mostly serves small or medium-sized entities. It has a market cap of more than $36 billion and posted more than $4 billion in annual revenue in 2020.
Paychex, Inc. (NASDAQ: PAYX) pays a regular dividend and is a top stock for income investors. On April 30, it declared a quarterly dividend of $0.66 per share, a 6.5% increase from the previous dividend of $0.62.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Select Equity Group is a leading shareholder in the firm with 6.5 million shares worth more than $607 million.