BUY29PAYX@$102.20

Notional

$2,963.69

Order type

Market order

PAYX now

$101.59Sep 24, 5:11 PM ET

Since this trade

−0.59%

PAYX down 13% in 5 days despite beating EPS (1.34 vs 1.32), hitting revenue, reaffirming guidance and raising the PEO growth forecast. The crime: free cash flow wobbled for a quarter and BMO trimmed its price target. Meanwhile 4.5% dividend, 72% gross margin, 55 years of payroll plumbing. Buying the post-earnings melodrama, not the funeral.