Paychex Inc. (NASDAQ:PAYX) went down by -1.28% from its latest closing price compared to the recent 1-year high of $99.95. The company’s stock price has collected -1.74% of loss in the last five trading sessions. Press Release reported on 01/08/21 that Increase in COVID-19 Cases Spur Decline in Small Business Jobs and Wage Growth
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 30.55 x from its present earnings ratio. Plus, the 36-month beta value for PAYX is at 0.87. Opinions of the stock are interesting as 4 analysts out of 23 who provided ratings for Paychex Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 15 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $96.14, which is $5.77 above the current price. PAYX currently public float of 321.90M and currently shorts hold a 1.88% ratio of that float. Today, the average trading volume of PAYX was 1.53M shares.
PAYX’s Market Performance
PAYX stocks went down by -1.74% for the week, with a monthly drop of -2.46% and a quarterly performance of 7.90%, while its annual performance rate touched 3.39%. The volatility ratio for the week stands at 1.47% while the volatility levels for the past 30 days are set at 2.21% for Paychex Inc.. The simple moving average for the period of the last 20 days is -3.89% for PAYX stocks with a simple moving average of 14.68% for the last 200 days.
Analysts’ Opinion of PAYX
Many brokerage firms have already submitted their reports for PAYX stocks, with Wells Fargo repeating the rating for PAYX by listing it as a “Overweight.” The predicted price for PAYX in the upcoming period, according to Wells Fargo is $105 based on the research report published on December 18th of the previous year 2020.
Citigroup, on the other hand, stated in their research note that they expect to see PAYX reach a price target of $93, previously predicting the price at $75. The rating they have provided for PAYX stocks is “Buy” according to the report published on October 08th, 2020.
Goldman gave a rating of “Sell” to PAYX, setting the target price at $64 in the report published on July 14th of the previous year.
PAYX Trading at -2.54% 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 -10.40% of loss for the given period.
Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 1.47%, as shares sank -1.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.89% upper at present.
During the last 5 trading sessions, PAYX fell by -1.74%, which changed the moving average for the period of 200-days by +39.03% in comparison to the 20-day moving average, which settled at $93.10. In addition, Paychex Inc. saw -3.88% 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 Schrader Robert L., who sale 3,559 shares at the price of $94.93 back on Dec 28. After this action, Schrader Robert L. now owns 8,871 shares of Paychex Inc., valued at $337,856 using the latest closing price.
Bottini Mark Anthony, the Sr. VP of Sales of Paychex Inc., sale 53,911 shares at $92.23 during a trade that took place back on Nov 18, which means that Bottini Mark Anthony is holding 84,722 shares at $4,972,212 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 37.80, with 12.10 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.
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.