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

We came across a bullish thesis on Paychex, Inc. on Compounding Dividends’s Substack by TJ Terwilliger. In this article, we will summarize the bulls’ thesis on PAYX. Paychex, Inc.'s share was trading at $124.37 as of October 6th. PAYX’s trailing and forward P/E were 27.67 and 22.78 respectively according to Yahoo Finance.

[caption id="attachment_516177" align="aligncenter" width="750"] Copyright: dolgachov / 123RF Stock Photo[/caption]

Paychex, Inc. (PAYX) is a leading provider of payroll, human resources, and benefits outsourcing services to over 740,000 small and...