Paychex (Nasdaq:PAYX) hit a new 52-week high Wednesday as it is currently trading at $36.47, above its previous 52-week high of $36.42 with 384,716 shares traded as of 10:10 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.
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 Wednesday as it is currently trading at $36.47, above its previous 52-week high of $36.42 with 384,716 shares traded as of 10:10 a.m. ET. Average volume has been 2.6 million shares over the past 30 days. Paychex has a market cap of $13.15 billion and is part of the services sector and diversified services industry. Shares are up 16.2% year to date as of the close of trading on Tuesday. 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 23.2, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Paychex as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Paychex Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.