Paychex Stock Hits New 52-Week High (PAYX)

NEW YORK ( TheStreet) -- Paychex (Nasdaq: PAYX) hit a new 52-week high Thursday as it is currently trading at $38.89, above its previous 52-week high of $38.66 with 103,074 shares traded as of 9:35 a.m. ET. Average volume has been 2.2 million shares over the past 30 days.

Paychex has a market cap of $13.88 billion and is part of the services sector and diversified services industry. Shares are up 22.7% year to date as of the close of trading on Wednesday.

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.

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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, increase in net income, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Paychex Ratings Report.

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