Paychex: Opportunities With This Market Leading Tech Business (NASDAQ:PAYX) ...Middle East

kate_sept2004/E+ via Getty Images Investment thesis Our current investment thesis is: Paychex has a highly attractive business model, with a wide range of services and a software-driven approach to HR solutions. The company targets companies of all sizes and has achieved consistently strong growth. Paychex’s margins are impressive, with resilience implying its competitive position remains strong despite high competition. The key risk to the business would be a decline in its superior position, contributing to erosion of its impressive EBITDA-M of 44%. With reinvestment and a strong track record, we believe this risk is manageable. With a focus on product development and the potential

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Paychex: Opportunities With This Market Leading Tech Business (NASDAQ:PAYX) ...Middle East

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