Trading Day Triumph: Paychex Inc. (PAYX) Ends at 118.38, a 1.18 Surge/Plunge

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Paychex Inc. (NASDAQ: PAYX) closed the day trading at $118.38 up 1.18% from the previous closing price of $117.00. In other words, the price has increased by $1.18 from its previous closing price. On the day, 1.67 million shares were traded. PAYX stock price reached its highest trading level at $118.43 during the session, while it also had its lowest trading level at $116.24.

Ratios:

For a better understanding of PAYX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.54. 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:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 42612420608 and an Enterprise Value of 41992138752. As of this moment, Paychex’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.36, and their Forward P/E ratio for the next fiscal year is 22.38. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.07 while its Price-to-Book (P/B) ratio in mrq is 11.22. Its current Enterprise Value per Revenue stands at 7.956 whereas that against EBITDA is 17.864.

Stock Price History:

The Beta on a monthly basis for PAYX is 0.99, which has changed by 0.048724294 over the last 52 weeks, in comparison to a change of 0.23886502 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 -3.06%, while the 200-Day Moving Average is calculated to be -1.63%.

Shares Statistics:

Over the past 3-months, PAYX traded about 2.01M shares per day on average, while over the past 10 days, PAYX traded about 2836290 shares per day. A total of 360.10M shares are outstanding, with a floating share count of 321.31M. Insiders hold about 10.74% of the company’s shares, while institutions hold 77.00% stake in the company. Shares short for PAYX as of 1718323200 were 15334136 with a Short Ratio of 7.63, 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

PAYX’s forward annual dividend rate is 3.65, up from 3.65 a year ago. Against a Trailing Annual Dividend Yield of 0.031196581The 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 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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