Description: PAYX is a member of the S&P 500 and a member of the Broad Dividend Achievers™ Index. The company provides payroll and integrated human resource and employee benefits outsourcing solutions for small- to medium-sized businesses in the United States.
Quantitative Stock Analysis: Updated: 2-7-2009
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Comments: Updated: 2-7-2009
PAYX has a strong balance sheet and the nature of the business provides for regular cash inflows. With the economic downturn leading many companies to layoff employees, PAYX’s earnings could be adversely affected in the short-term. However, over the long term the company should benefit from solid management team, higher retention rates, falling attrition and strong profitability. Risks include economic uncertainty in the small-to medium-sized business segment, pricing and margin pressure from Automatic Data Processing (ADP).