2. As of noon trading, Paychex ( PAYX) is down $0.39 (-0.9%) to $44.83 on light volume. Thus far, 472,103 shares of Paychex exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $44.79-$45.66 after having opened the day at $45.25 as compared to the previous trading day's close of $45.22.

Paychex, Inc., together with its subsidiaries, provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. Paychex has a market cap of $16.4 billion and is part of the services sector. The company has a P/E ratio of 28.0, above the S&P 500 P/E ratio of 17.7. Shares are down 0.7% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Paychex a buy, 4 analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Paychex as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Paychex Ratings Report now.

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