Jim Cramer Discusses Paychex’s (PAYX) Share Price Performance

We recently published 12 Stocks Jim Cramer Mentioned In An Episode Where He Briefly Commented On Data Centers. Paychex, Inc. (NASDAQ:PAYX) is one of the stocks Jim Cramer recently discussed.

Paychex, Inc. (NASDAQ:PAYX) factored into the conversation as Cramer discussed the US economy. As we noted in the introduction, the CNBC TV host wondered if US economic performance would be worse if data center spending were removed from the equation. Paychex, Inc. (NASDAQ:PAYX)’s shares are down by 8.4% over the past month. Craer discussed the stock and the firm’s opinion regarding small and medium businesses in America:

“And against that, I’ve got John Gibson from Paychex last night. . .he’s just saying listen, small and medium-sized businesses are still doing incredibly well. And then you look at the chart of the stock and people are deciding that Paychex is, is doing poorly itself because of small and medium-sized.”

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In his appearance on Mad Money on September 30th, Cramer discussed an important aspect of Paychex, Inc. (NASDAQ:PAYX)’s performance:

“There is a payroll processor issue. The company actually makes more money when rates are high, but after employers prefund their payrolls, Paychex collects interest on that money for every minute before it’s deposited in your bank account… That used to be a big issue, but the company’s gotten well beyond that. There’s a lot of other levers that it pulls.”

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Disclosure: None. This article is originally published at Insider Monkey.