Currently, there are 360.10M common shares owned by the public and among those 321.32M shares have been available to trade.
The company’s stock has a 5-day price change of 5.36% and 18.93% over the past three months. PAYX shares are trading 18.20% year to date (YTD), with the 12-month market performance up to 22.08% higher. It has a 12-month low price of $106.27 and touched a high of $137.40 over the same period. PAYX has an average intraday trading volume of 1.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.80%, 9.12%, and 13.95% respectively.
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Institutional ownership of Paychex Inc. (NASDAQ: PAYX) shares accounts for 77.50% of the company’s 360.10M shares outstanding.
It has a market capitalization of $50.65B and a beta (3y monthly) value of 0.99. The stock’s trailing 12-month PE ratio is 30.16, while the earnings-per-share (ttm) stands at $4.67. The company has a PEG of 4.19 and a Quick Ratio of 1.37 with the debt-to-equity ratio at 0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.44% over the week and 2.01% over the month.
Earnings per share for the fiscal year are expected to increase by 5.07%, and 6.17% over the next financial year. EPS should shrink at an annualized rate of 7.19% over the next five years, compared to 10.30% over the past 5-year period.
Looking at the support for the PAYX, a number of firms have released research notes about the stock. TD Cowen stated their Market Perform rating for the stock in a research note on December 22, 2023, with the firm’s price target at $132-$123. Barclays coverage for the Paychex Inc. (PAYX) stock in a research note released on December 14, 2023 offered a Equal Weight rating with a price target of $126. UBS was of a view on November 07, 2023 that the stock is Neutral, while RBC Capital Mkts gave the stock Sector Perform rating on September 05, 2023, issuing a price target of $130. UBS on their part issued Neutral rating on June 02, 2023.
