This brief article reviews the revenue trending for the five publicly traded PEOs (ADP TotalSource, Insperity, TriNet, Paychex, and BBSI). The below chart illustrates the revenue trending, first sorted by revenue size, and second sorted by the revenue rebound from COVID drops.
Our initial aim was to include operating income along with revenue numbers but in the cases of PAYX and ADP, operating income isn’t separated out by business segment in the 10-Qs or 10-Ks. Information from this chart was pulled via each company’s 10-Q and/or 10-K filings. Please note that PAYX and ADP are on fiscal years and therefore their date range of data differs slightly from the other three players.
.
Stock Trending
The following are 52-week stock trending charts on the five publicly traded PEOs.
.
Automatic Data Processing (ADP)
As of 12/3/20, ADP was only 5.3% below its 52-week high. Please note that ADP’s stock includes all segments of ADP business lines, not solely PEO.
.
.
Paychex (PAYX)
As of 12/3/20, PAYX was only 1.7% below its 52-week high. Please note that PAYX’s stock includes all segments of PAYX business lines, not solely PEO.
.
.
Insperity (NSP)
As of 12/3/20, NSP’s stock was 7.6% off it’s 52-week high.
.
.
TriNet (TNET)
As of 12/3/20, TNET’s stock down 4% from its 52-week high. However, the company is trading up 24% from its pre-COVID 2020 high of $62 in February.
.
.
Barrett Business Services (BBSI)
As of 12/3/30, BBSI stock is down by 26.5% from its 52-week high. As noted in the first chart of this article, BBSI’s revenue has rebounded more quickly than peers. If the profit to net revenue ratio is in line with pre-COVID ranges, this stock may have upward mobility.
.
.
Author
Rob Comeau is the featured Author of NPG and the CEO of Business Resource Center, Inc., a business consulting and M&A advisory firm to the PEO industry. You may reach Rob at rob.comeau@biz-rc.com or visit BRC’s website at www.biz-rc.com.
Publicly traded PEO revenue trending and the impact of COVID in 2020. An overview of how publicly traded PEOs trended during COVID months.
