Paychex Inc. (PAYX) concluded trading on Wednesday at a closing price of $126.81, with 3.02 million shares of worth about $383.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.84% during that period and on July 17, 2024 the price saw a gain of about 2.04%. Currently the company’s common shares owned by public are about 360.10M shares, out of which, 321.50M shares are available for trading.
Stock saw a price change of 8.41% in past 5 days and over the past one month there was a price change of 3.95%. Year-to-date (YTD), PAYX shares are showing a performance of 6.46% which increased to 4.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $106.27 but also hit the highest price of $129.70 during that period. The average intraday trading volume for Paychex Inc. shares is 1.89 million. The stock is currently trading 5.33% above its 20-day simple moving average (SMA20), while that difference is up 4.18% for SMA50 and it goes to 5.24% higher than SMA200.
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Paychex Inc. (NASDAQ: PAYX) currently have 360.10M outstanding shares and institutions hold larger chunk of about 77.00% of that.
The stock has a current market capitalization of $45.67B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 27.16, while it has posted earnings per share of $4.67 in the same period. Its PEG reads 3.78 and has Quick Ratio of 1.37 while making debt-to-equity ratio of 0.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PAYX, volatility over the week remained 1.97% while standing at 2.00% over the month.
Stock’s fiscal year EPS is expected to rise by 5.40% while it is estimated to increase by 6.18% in next year. EPS is likely to shrink at an annualized rate of 7.19% for next 5-years, compared to annual growth of 10.30% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on December 22, 2023 offering a Market perform rating for the stock and assigned a target price range of between $132 and $123 to it. Coverage by Barclays stated Paychex Inc. (PAYX) stock as an Equal weight in their note to investors on December 14, 2023, suggesting a price target of $126 for the stock. On November 07, 2023, UBS Initiated their recommendations, while on September 05, 2023, RBC Capital Mkts Initiated their ratings for the stock with a price target of $130. Stock get a Neutral rating from UBS on June 02, 2023.
