3 Stocks Boosting The Diversified Services Industry Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,444 as of Friday, March 7, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,114 issues advancing vs. 1,815 declining with 163 unchanged.

The Diversified Services industry currently sits up 0.2% versus the S&P 500, which is down 0.2%. Top gainers within the industry include Korn/Ferry International ( KFY), up 12.6%, Service Corporation International ( SCI), up 1.7% and Western Union Company ( WU), up 1.3%. On the negative front, top decliners within the industry include Furmanite Corporation ( FRM), down 15.0%, Mercadolibre ( MELI), down 2.8%, AthenaHealth ( ATHN), down 2.5%, Shutterstock ( SSTK), down 2.1% and Fleetcor Technologies ( FLT), down 0.9%.

TheStreet would like to highlight 3 stocks pushing the industry higher today:

3. Paychex ( PAYX) is one of the companies pushing the Diversified Services industry higher today. As of noon trading, Paychex is up $0.62 (1.5%) to $42.64 on average volume. Thus far, 1.1 million shares of Paychex exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $42.03-$42.94 after having opened the day at $42.03 as compared to the previous trading day's close of $42.02.

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 $15.3 billion and is part of the services sector. Shares are down 7.7% year-to-date as of the close of trading on Thursday. Currently there is 1 analyst who 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, growth in earnings per share and increase in net income. 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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