Paychex

PAYX

Market cap $32.3B

Paychex is reaffirmed as a 'Buy,' with accelerating organic growth and strong execution post-Paycor acquisition. PAYX's Q3 2026 revenue grew 19.9% YoY, driven by Paycor synergies and robust cross-selling, with organic growth ramping to 6%. Shares trade at a steep 36% discount to fair value, with a forward P/E of 15.9 vs. a revised fair value multiple of 25.

Dividend raises mean something right now. These are companies saying that they are going to make more money in the year ahead in the face of everything that is happening around the globe.

I present an expanded Top 25 High-Yield dividend stock watchlist for April 2026, targeting quality, value, and long-term return potential. The selected stocks average a 3.86% dividend yield and a projected 19.07% future CAGR, with ~34% average undervaluation per dividend yield theory. Subsets highlight opportunities in high yield (e.g., Campbell's at 7%), fast dividend growth (Autoliv, 38.15%), and deep value (Nike, -63.81% undervalued).

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PLANO, Texas--(BUSINESS WIRE)-- #EarnedWageAccess--Tapcheck Inc, and Paychex, Inc. team to provide real-time access to earned wages through new embedded solution.

ROCHESTER, N.Y.--(BUSINESS WIRE)---- $PAYX #employmenttrends--Employment and wage growth among U.S. small businesses remained stable from February to March, according to the latest Paychex Small Business Employment Watch, which reflects the payroll data of a subset of Paychex U.S. small business clients with fewer than 50 employees. The Small Business Jobs Index ticked up 0.04 percentage points from February to 98.81 in March, while hourly earnings growth for workers remained below three percent for the 17th consecutive m.

PAYX rides on SaaS demand, AI innovation and acquisitions to fuel growth, with earnings and revenues poised for solid gains through fiscal 2027.

With Kraft Heinz, buy for the 7% yield, hold for the packaged food company's turnaround. Paychex, yielding nearly 5%, could climb back to a higher valuation, as job market and AI fears subside.

Paychex, Inc. (NASDAQ: PAYX) reported upbeat fiscal third-quarter results on Wednesday.

Paychex, Inc. (PAYX) Q3 2026 Earnings Call Transcript