The Free Cash Flow numbers below, from a recent post on the company's site, indicate to me that investors should move to Paychex...look at the cash flow difference and dividends are not close either.
Paychex could own the PEO and Payroll marketplace if they were to place emphasis on both. Their current PEO offering doesn't compare to ADP or NSP, but they have the $$ to get there if they would choose to do so.
Company Cash King Margin (TTM) 1 Year Ago 3 Years Ago 5 Years Ago
Automatic Data Processing (Nasdaq: ADP ) 15.3% 18% 16.4% 22.5%