Deeper Dive: Understanding Paychex Inc. (PAYX) Through its Various Ratios

For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.

The price of Paychex Inc. (NASDAQ: PAYX) closed at $122.55 in the last session, up 1.03% from day before closing price of $121.30. In other words, the price has increased by $1.03 from its previous closing price. On the day, 1.06 million shares were traded. PAYX stock price reached its highest trading level at $122.62 during the session, while it also had its lowest trading level at $121.32.

Ratios:

We take a closer look at PAYX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.99. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.24. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.23.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on December 22, 2023, Downgraded its rating to Market Perform and sets its target price to $123 from $132 previously.

On December 14, 2023, Barclays Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $107 to $126.

On November 07, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $120.UBS initiated its Neutral rating on November 07, 2023, with a $120 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 24 ’24 when FLASCHEN DAVID J S bought 45 shares for $122.31 per share. The transaction valued at 5,556 led to the insider holds 6,289 shares of the business.

Gioja Michael E sold 40,068 shares of PAYX for $4,883,889 on Feb 07 ’24. The Sr. Vice President now owns 19,194 shares after completing the transaction at $121.89 per share. On Jan 29 ’24, another insider, Bottini Mark Anthony, who serves as the Sr. VP of Sales of the company, sold 15,481 shares for $120.53 each. As a result, the insider received 1,865,925 and left with 82,690 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PAYX now has a Market Capitalization of 44113469440 and an Enterprise Value of 43252109312. As of this moment, Paychex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.72, and their Forward P/E ratio for the next fiscal year is 24.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.46 while its Price-to-Book (P/B) ratio in mrq is 11.77. Its current Enterprise Value per Revenue stands at 8.297 whereas that against EBITDA is 18.638.

Stock Price History:

Over the past 52 weeks, PAYX has reached a high of $129.70, while it has fallen to a 52-week low of $104.09. The 50-Day Moving Average of the stock is 0.99%, while the 200-Day Moving Average is calculated to be 1.84%.

Shares Statistics:

According to the various share statistics, PAYX traded on average about 1.82M shares per day over the past 3-months and 1341050 shares per day over the past 10 days. A total of 360.50M shares are outstanding, with a floating share count of 321.29M. Insiders hold about 10.74% of the company’s shares, while institutions hold 77.00% stake in the company. Shares short for PAYX as of 1714435200 were 12339600 with a Short Ratio of 6.79, compared to 1711584000 on 11160545. Therefore, it implies a Short% of Shares Outstanding of 12339600 and a Short% of Float of 3.8399997999999997.

Dividends & Splits

The forward annual dividend rate for PAYX is 4.54, which was 3.56 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.029348722The stock’s 5-year Average Dividend Yield is 2.72.

Earnings Estimates

The stock of Paychex Inc. (PAYX) is currently drawing attention from 17.0 analysts actively involved in the ongoing evaluation and rating process.On average, analysts expect EPS of $1.1 for the current quarter, with a high estimate of $1.12 and a low estimate of $1.05, while EPS last year was $0.97. The consensus estimate for the next quarter is $1.21, with high estimates of $1.22 and low estimates of $1.19.

Analysts are recommending an EPS of between $4.73 and $4.65 for the fiscal current year, implying an average EPS of $4.7. EPS for the following year is $4.98, with 19.0 analysts recommending between $5.05 and $4.85.

Revenue Estimates

According to 14 analysts, the current quarter’s revenue is expected to be $1.3B. It ranges from a high estimate of $1.34B to a low estimate of $1.29B. As of the current estimate, Paychex Inc.’s year-ago sales were $1.23BFor the next quarter, 14 analysts are estimating revenue of $1.35B. There is a high estimate of $1.35B for the next quarter, whereas the lowest estimate is $1.34B.

A total of 18 analysts have provided revenue estimates for PAYX’s current fiscal year. The highest revenue estimate was $5.32B, while the lowest revenue estimate was $5.24B, resulting in an average revenue estimate of $5.28B. In the same quarter a year ago, actual revenue was $5.01BBased on 18 analysts’ estimates, the company’s revenue will be $5.55B in the next fiscal year. The high estimate is $5.63B and the low estimate is $5.52B.

Most Popular

[the_ad id="945"]