Paychex Inc. (NASDAQ: PAYX) is 18.95% higher on its value in year-to-date trading and has touched a low of $106.27 and a high of $144.17 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 $141.43 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $141.68, the stock is 1.32% and 5.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 0.18% at the moment leaves the stock 13.12% off its SMA200. PAYX registered 20.97% gain for a year compared to 6-month gain of 16.16%. The firm has a 50-day simple moving average (SMA 50) of $134.5664 and a 200-day simple moving average (SMA200) of $125.24355.
The stock witnessed a 6.96% loss in the last 1 month and extending the period to 3 months gives it a 12.67%, and is -0.45% down 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 1.22% over the week and 1.68% over the month.
Paychex Inc. (PAYX) has around 16500 employees, a market worth around $50.99B and $5.31B in sales. Current P/E ratio is 30.18 and Fwd P/E is 26.84. Profit margin for the company is 31.98%. Distance from 52-week low is 33.32% and -1.73% from its 52-week high. The company has generated returns on investments over the last 12 months (36.15%).
Paychex Inc. quarterly earnings per share for the current quarter are estimated at 1.13 with sales reaching $1.31B over the same period.The EPS is expected to grow by 5.47% this year, but quarterly earnings will post 4.60% year-over-year.
1953.0 institutions hold shares in Paychex Inc. (PAYX), with institutional investors hold 89.66% of the company’s shares. The shares outstanding are 360.10M, and float is at 321.42M with Short Float at 6.06%. Institutions hold 80.01% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 31.05 million shares valued at $3.68 billion. The investor’s holdings represent 8.6256 of the PAYX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 27.98 million shares valued at $3.32 billion to account for 7.7714 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 24.52 million shares representing 6.8115 and valued at over $2.91 billion, while STATE STREET CORP holds 3.6583 of the shares totaling 13.17 million with a market value of $1.56 billion.
Paychex Inc. (PAYX) Insider Activity
Paychex Inc. disclosed in a document filed with the SEC on Oct 16 ’24 that Bottini Mark Anthony (Sr. VP of Sales) sold a total of 46,875 shares of the company’s common stock. The trade occurred on Oct 16 ’24 and was made at $141.87 per share for $6.65 million. Following the transaction, the insider now directly holds 79746.0 shares of the PAYX stock.
Still, SEC filings show that on Oct 15 ’24, Schrader Robert L. (Sr. VP, CFO) disposed off 13,015 shares at an average price of $142.35 for $1.85 million. The insider now directly holds 17,362 shares of Paychex Inc. (PAYX).
