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What should you know before buying stock in Paychex Inc. (PAYX)

Paychex Inc. (NASDAQ: PAYX) is 2.38% higher on its value in year-to-date trading and has touched a low of $106.27 and a high of $129.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAYX stock was last observed hovering at around $122.58 in the last trading session, with the day’s loss setting it -0.64%.

Currently trading at $121.94, the stock is -0.86% and -0.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.72 million and changing -0.52% at the moment leaves the stock 1.41% off its SMA200. PAYX registered 9.90% gain for a year compared to 6-month loss of -2.32%.

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The stock witnessed a 0.53% gain in the last 1 month and extending the period to 3 months gives it a 0.25%, and is 1.49% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.78% over the week and 1.66% over the month.

Paychex Inc. (PAYX) has around 16600 employees, a market worth around $43.89B and $5.21B in sales. Current P/E ratio is 26.59 and Fwd P/E is 24.53. Profit margin for the company is 31.86%. Distance from 52-week low is 14.75% and -5.98% from its 52-week high. The company has generated returns on investments over the last 12 months (36.13%).

The EPS is expected to grow by 10.13% this year.

Paychex Inc. (PAYX) Top Institutional Holders

The shares outstanding are 360.50M, and float is at 321.31M with Short Float at 3.85%.

Paychex Inc. (PAYX) Insider Activity

The most recent transaction is an insider purchase by FLASCHEN DAVID J S,the company’sDirector. SEC filings show that FLASCHEN DAVID J S bought 45 shares of the company’s common stock on Aug 24 ’24 at a price of $122.31 per share for a total of $5556.0. Following the purchase, the insider now owns 6289.0 shares.

Paychex Inc. disclosed in a document filed with the SEC on May 24 ’24 that FLASCHEN DAVID J S (Director) sold a total of 19,709 shares of the company’s common stock. The trade occurred on May 24 ’24 and was made at $124.55 per share for $2.45 million. Following the transaction, the insider now directly holds 5383.0 shares of the PAYX stock.

Still, SEC filings show that on May 17 ’24, VELLI JOSEPH M (Director) disposed off 10,850 shares at an average price of $124.28 for $1.35 million. The insider now directly holds 69,855 shares of Paychex Inc. (PAYX).

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