Industries
Human Capital Management
All research in Human Capital Management — 3 reports.
47/100
95Buffett
Paycom Software: Has Automation Repaired the Growth Engine, and Is That Already Priced?
Paycom sells single-database payroll and HCM software whose automation products shift work from payroll administrators to employees, improving the client outcome while removing billable activity. Retention rose from 90% to 91% and recurring revenue grew 11% in the second quarter of 2026, but the company still withholds the seat, price and attach data needed to prove that automation has restored durable double-digit growth. Rating Hold: a 23.55% one-day re-rating to 215.97 USD lifted the price into the 195 to 245 USD acceptable-hold zone, leaving no margin of safety against conservative intrinsic value of 137 to 168 USD.
46/100
91Buffett
Paychex Investment Research Report
Paychex is the leading U.S. payroll and HR outsourcing provider for small and midsize businesses, with FY2025 revenue of $5.572 billion, net income of $1.657 billion, ROE of about 42%, and a dividend yield of about 5.1%. The Paycor acquisition has lifted net debt to roughly $5.0 billion, while the current price of $94.25 offers limited margin of safety and points to an ideal buy zone of $70 to $80. Research rating Watch: a high-quality cash-flow compounder worth monitoring, but not yet cheap enough for disciplined new capital.
48/100
94Buffett
ADP Long-Term Owner-Oriented Value Analysis
A high-quality HCM and payroll outsourcing platform with a compound moat built on scale, data, compliance, and switching costs. Cash flow is strong and the dividend has increased for 50 consecutive years, while the current price of $220.69 looks broadly reasonable but lacks a sufficient margin of safety. Rating Watch: a durable compounder, but the ideal buy zone is $175-195.