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Paychex, Inc. (PAYX): A Bull Case Theory

We came across a bullish thesis on Paychex, Inc. (PAYX) on Substack by Serhio MaxDividends. In this article, we will summarize the bulls’ thesis on PAYX. Paychex, Inc. (PAYX)'s share was trading at $149.02 as of May 6th. PAYX’s trailing and forward P/E were 30.98 and 28.25 respectively according to Yahoo Finance.

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Paychex (PAYX), a leading HR and payroll solutions provider for over 745,000 businesses, recently increased its quarterly dividend by 10.2% to $1.08 per share,...