We came across a bullish thesis on Paychex, Inc. on Quality Stocks’s Substack. In this article, we will summarize the bulls’ thesis on PAYX. Paychex, Inc.’s share was trading at $102.23 as of January 29th. PAYX’s trailing and forward P/E were 23.18 and 19.38 respectively according to Yahoo Finance.
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Paychex made a transformative move by acquiring rival HCM provider Paycor for $4.1 billion, closing the deal in April and significantly expanding its...
