Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Paychex (Nasdaq: PAYX) hit a new 52-week high Friday as it is currently trading at $34.37, above its previous 52-week high of $34.34 with 328,251 shares traded as of 10:20 a.m. ET. Average volume has been 2.7 million shares over the past 30 days. Paychex has a market cap of $12.23 billion and is part of the services sector and diversified services industry. Shares are up 13.4% year to date as of the close of trading on Thursday. Paychex, Inc., together with its subsidiaries, provides payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company has a P/E ratio of 22.3, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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