Paychex: Buy The Dip?
PAYX is more suitable for long-term quality investors than for tactical bargain hunters.
In the short term, the high costs of the Paycor acquisition and intense competition are burdening the HCM specialist.
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The Paychex stock (NASDAQ: PAYX) has lost 20.6% in value since the beginning of the year. An unusual sight for a stock that has been regarded as a reliable performer over the past ten years. This price correction inevitably raises the question: Does this present a buying opportunity or is caution advised? Paychex operates a defensive, well-scalable HCM business model. The company offers payroll, HR, insurance, and retirement solutions to small and medium-sized businesses, predominantly subscription-based, characterized by high customer retention...
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