9 Stocks Jim Cramer Talked About

2. Paychex, Inc. (NASDAQ:PAYX)

Number of Hedge Fund Holdings: 53

Paychex, Inc. (NASDAQ:PAYX)’s shares are down 17% year-to-date and has seen several price target cuts recently. The firm reported its second-quarter earnings on December 19th and posted $1.56 billion in revenue to slightly miss analyst estimates of $1.57 billion. Ahead of the earnings, BMO Capital had cut Paychex, Inc. (NASDAQ:PAYX)’s share price target to $121 from $140 and kept a Market Perform rating on the shares. It commented that weakness in the small and medium business market as a factor driving the change and added that the upcoming earnings could see good cost execution. Paychex, Inc. (NASDAQ:PAYX)”s second fiscal quarter earnings per share sat at $1.26 per share and beat analyst estimates of $1.23. Cramer discussed the firm in his December 19th Mad Money appearance and commented that he uses the company as a proxy for employment figures. The CNBC TV host added that Paychex, Inc. (NASDAQ:PAYX)’s earnings left analysts worried about the firm’s management solutions business and full-year revenue outlook. He didn’t hold back on the analysts in this appearance either:

“Paychex quarter, people didn’t like it, I’ve got them on tonight, the analysts have historically really trashed this company.”