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In the latest session, Paychex Inc. (NASDAQ: PAYX) closed at $117.06 up 0.08% from its previous closing price of $116.97. In other words, the price has increased by $0.08 from its previous closing price. On the day, 1.58 million shares were traded. PAYX stock price reached its highest trading level at $118.52 during the session, while it also had its lowest trading level at $116.57.
Ratios:
For a deeper understanding of Paychex Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.27. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.22.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.
MUCCI MARTIN sold 85,858 shares of PAYX for $10,024,982 on Jul 02 ’24. The Chairman now owns 437,345 shares after completing the transaction at $116.76 per share. On Jul 01 ’24, another insider, MUCCI MARTIN, who serves as the Chairman of the company, sold 101,490 shares for $117.27 each. As a result, the insider received 11,901,732 and left with 437,345 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 42137268224 and an Enterprise Value of 41516806144. As of this moment, Paychex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.07, and their Forward P/E ratio for the next fiscal year is 22.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.98 while its Price-to-Book (P/B) ratio in mrq is 11.09. Its current Enterprise Value per Revenue stands at 7.866 whereas that against EBITDA is 17.662.
Stock Price History:
The Beta on a monthly basis for PAYX is 0.99, which has changed by -0.03144133 over the last 52 weeks, in comparison to a change of 0.23951602 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 -3.77%, while the 200-Day Moving Average is calculated to be -2.75%.
Shares Statistics:
For the past three months, PAYX has traded an average of 1.91M shares per day and 2265160 over the past ten days. A total of 360.10M shares are outstanding, with a floating share count of 321.35M. Insiders hold about 10.73% of the company’s shares, while institutions hold 77.01% stake in the company. Shares short for PAYX as of 1718323200 were 15334136 with a Short Ratio of 8.99, compared to 1715731200 on 12361657. Therefore, it implies a Short% of Shares Outstanding of 15334136 and a Short% of Float of 4.78.
Dividends & Splits
According to the company, the forward annual dividend rate for PAYX is 3.65, from 3.65 in the trailing year. Against a Trailing Annual Dividend Yield of 0.031204583The stock’s 5-year Average Dividend Yield is 2.73. The current Payout Ratio is 78.16% for PAYX, which recently paid a dividend on 2024-05-09 with an ex-dividend date of 1723075200. Stock splits for the company last occurred on 2000-05-23 when the company split stock in a 3:2 ratio.
