Paychex Inc. (NASDAQ:PAYX) went down by -0.53% from its latest closing price compared to the recent 1-year high of $90.54. The company’s stock price has collected 4.53% of gains in the last five trading sessions. Press Release reported on 09/29/20 that Small Business Jobs Index Increases Slightly Driven by Gains in the Northeast and the Construction Industry
Is It Worth Investing in Paychex Inc. (NASDAQ :PAYX) Right Now?
Paychex Inc. (NASDAQ:PAYX) scored a price-to-earnings ratio above its average ratio, recording 26.08 x from its present earnings ratio. Plus, the 36-month beta value for PAYX is at 0.89. Opinions of the stock are interesting as 2 analysts out of 21 who provided ratings for Paychex Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 16 rated it as “hold,” and 2 as “sell.”
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The average price from analysts is $74.18, which is -$5.17 below the current price. PAYX currently public float of 320.02M and currently shorts hold a 3.02% ratio of that float. Today, the average trading volume of PAYX was 1.75M shares.
PAYX’s Market Performance
PAYX stocks went up by 4.53% for the week, with a monthly jump of 4.05% and a quarterly performance of 3.60%, while its annual performance rate touched -4.80%. The volatility ratio for the week stands at 2.18% while the volatility levels for the past 30 days are set at 2.39% for Paychex Inc.. The simple moving average for the period of the last 20 days is 2.54% for PAYX stocks with a simple moving average of 5.38% for the last 200 days.
Analysts’ Opinion of PAYX
Many brokerage firms have already submitted their reports for PAYX stocks, with Goldman repeating the rating for PAYX by listing it as a “Sell.” The predicted price for PAYX in the upcoming period, according to Goldman is $64 based on the research report published on July 14th of the current year 2020.
Morgan Stanley, on the other hand, stated in their research note that they expect to see PAYX reach a price target of $67. The rating they have provided for PAYX stocks is “Equal-Weight” according to the report published on March 18th, 2020.
PAYX Trading at 5.22% from the 50-Day Moving Average
After a stumble in the market that brought PAYX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.35% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +1.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.48% upper at present.
During the last 5 trading sessions, PAYX rose by +4.53%, which changed the moving average for the period of 200-days by -6.55% in comparison to the 20-day moving average, which settled at $77.45. In addition, Paychex Inc. saw -6.71% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at PAYX starting from Gioja Michael E, who sale 12,743 shares at the price of $72.59 back on Aug 04. After this action, Gioja Michael E now owns 78,187 shares of Paychex Inc., valued at $925,014 using the latest closing price.
Schrader Robert L., the VP/Controller of Paychex Inc., sale 143 shares at $72.76 during a trade that took place back on Aug 03, which means that Schrader Robert L. is holding 12,430 shares at $10,405 based on the most recent closing price.
Stock Fundamentals for PAYX
Current profitability levels for the company are sitting at:
- +36.15 for the present operating margin
- +68.30 for the gross margin
The net margin for Paychex Inc. stands at +27.18. The total capital return value is set at 40.95, while invested capital returns managed to touch 30.97. Equity return is now at value 41.30, with 12.40 for asset returns.
Based on Paychex Inc. (PAYX), the company’s capital structure generated 33.65 points at debt to equity in total, while total debt to capital is 25.18. Total debt to assets is 10.80, with long-term debt to equity ratio resting at 32.13. Finally, the long-term debt to capital ratio is 24.04.
Currently, EBITDA for the company is 351.30M with total debt to EBITDA at 0.48. When we switch over and look at the enterprise to sales, we see a ratio of 6.45, with the company’s debt to enterprise value settled at 0.04. The receivables turnover for the company is 4.91 and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.