Paychex had a better-than-expected quarter and has achieved the price target from our previous report. The company witnessed a strong boost in its HR outsourcing solutions and its overall Management Solutions segment revenue grew by as much as 14%. The management has been expanding its client base and also cross-selling its offerings in order to increase the overall penetration of its suite of solutions. The company’s offerings have gained momentum with the work-from-home culture becoming more a ....
01 Jul 2021
Paychex Inc. - Investment Thesis, Key Drivers, Financial Forecasts & DCF Valuation
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Paychex Inc. - Investment Thesis, Key Drivers, Financial Forecasts & DCF Valuation
Paychex, Inc. (0KGE:LON), 0 | Paychest Inc (PYCT:NYSE), 0 | Paychest, Inc. (PYCT:OTC), 0 | Paychex, Inc. (PCX:BRN), 0 | Paychex, Inc. (PCX:FRA), 0
- Published:
01 Jul 2021 -
Author:
Ishan Majumdar -
Pages:
14
Paychex had a better-than-expected quarter and has achieved the price target from our previous report. The company witnessed a strong boost in its HR outsourcing solutions and its overall Management Solutions segment revenue grew by as much as 14%. The management has been expanding its client base and also cross-selling its offerings in order to increase the overall penetration of its suite of solutions. The company’s offerings have gained momentum with the work-from-home culture becoming more a ....