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Bullish Case: PAYX's robust dividend growth, strategic buybacks, and leading position in HCM indicate potential upside as evidenced by insider ownership and recent analyst upgrades.


Bearish Case: Insider sales and elevated P/B ratio suggest overvaluation, while lower percentile trading volume points to limited market interest, potentially signaling a pullback.


Potential Outcomes:

1) 40%: Share price rises on buyback effects and dividend attraction.

2) 35%: Stagnation on high valuation concerns.

3) 25%: Correction due to lacklustre market interest and insider selling.


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March 21, 2024


Paychex Forecast

PAYX        Paychex
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with PAYX



SAIC Forecast + Options Trading Strategies   [SAIC]  Science Applications International (0.81)


JBHT Forecast + Options Trading Strategies   [JBHT]  J.B. Hunt Transport Services (0.8)


BKU Forecast + Options Trading Strategies   [BKU]  BankUnited (0.8)


PAVE Forecast + Options Trading Strategies   [PAVE]  Global X Funds - Global X U.S. Infrastructure Development (0.8)


THO Forecast + Options Trading Strategies   [THO]  Thor Industries (0.79)



Uncorrelated Stock Forecasts

Assets with little price relationship to PAYX



SMG Forecast + Options Trading Strategies   [SMG]  Scotts Miracle-Gro (0.0)


PSA Forecast + Options Trading Strategies   [PSA]  Public Storage (0.0)


EXPI Forecast + Options Trading Strategies   [EXPI]  eXp World (-0.0)


LH Forecast + Options Trading Strategies   [LH]  Laboratory Corp. Of America (-0.0)


FL Forecast + Options Trading Strategies   [FL]  Foot Locker (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PAYX



SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.72)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.72)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.75)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.75)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.76)





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