Investor’s Delight: Paychex Inc. (PAYX) Closes Weak at 125.08, Down -0.30

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The closing price of Paychex Inc. (NASDAQ: PAYX) was $125.08 for the day, down -0.30% from the previous closing price of $125.46. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 2.24 million shares were traded. PAYX stock price reached its highest trading level at $126.19 during the session, while it also had its lowest trading level at $124.84.

Ratios:

Our analysis of PAYX’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.46. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.

FLASCHEN DAVID J S sold 19,709 shares of PAYX for $2,454,691 on May 24 ’24. The Director now owns 5,383 shares after completing the transaction at $124.55 per share. On May 17 ’24, another insider, VELLI JOSEPH M, who serves as the Director of the company, sold 10,850 shares for $124.28 each. As a result, the insider received 1,348,438 and left with 69,855 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 45161009152 and an Enterprise Value of 44162813952. As of this moment, Paychex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.28, and their Forward P/E ratio for the next fiscal year is 25.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.64 while its Price-to-Book (P/B) ratio in mrq is 12.02. Its current Enterprise Value per Revenue stands at 8.472 whereas that against EBITDA is 19.031.

Stock Price History:

The Beta on a monthly basis for PAYX is 1.00, which has changed by 0.15408742 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, PAYX has reached a high of $129.70, while it has fallen to a 52-week low of $106.27. The 50-Day Moving Average of the stock is 2.33%, while the 200-Day Moving Average is calculated to be 3.98%.

Shares Statistics:

PAYX traded an average of 1.83M shares per day over the past three months and 1778540 shares per day over the past ten days. A total of 360.50M shares are outstanding, with a floating share count of 321.31M. Insiders hold about 10.74% of the company’s shares, while institutions hold 77.05% stake in the company. Shares short for PAYX as of 1715731200 were 12361657 with a Short Ratio of 7.62, compared to 1713139200 on 11379319. Therefore, it implies a Short% of Shares Outstanding of 12361657 and a Short% of Float of 3.85.

Dividends & Splits

With its trailing 12-month dividend rate of 3.56, PAYX has a forward annual dividend rate of 3.65. Against a Trailing Annual Dividend Yield of 0.028375577The stock’s 5-year Average Dividend Yield is 2.72. The current Payout Ratio is 75.84% for PAYX, which recently paid a dividend on 2024-02-12 with an ex-dividend date of 1715212800. Stock splits for the company last occurred on 2000-05-23 when the company split stock in a 3:2 ratio.

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