Paychex Inc. (NASDAQ: PAYX) has experienced a decline in its stock price by -0.96 compared to its previous closing price of 122.80. However, the company has seen a gain of 0.65% in its stock price over the last five trading days. InvestorPlace reported 2024-03-28 that The stock market continues to hit new record highs, with investors eagerly seeking out unstoppable growth stocks to buy in March. These stocks can present a first-class ticket to wealth, even for the less experienced participants.
Is It Worth Investing in Paychex Inc. (NASDAQ: PAYX) Right Now?
The price-to-earnings ratio for Paychex Inc. (NASDAQ: PAYX) is above average at 27.04x, Company’s 36-month beta value is 0.93.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 1 as “sell.”
The public float for PAYX is 321.16M, and currently, short sellers hold a 3.62% ratio of that floaft. The average trading volume of PAYX on April 02, 2024 was 1.67M shares.
PAYX’s Market Performance
The stock of Paychex Inc. (PAYX) has seen a 0.65% increase in the past week, with a -0.82% drop in the past month, and a 1.77% gain in the past quarter. The volatility ratio for the week is 1.40%, and the volatility levels for the past 30 days are at 1.47% for PAYX. The simple moving average for the past 20 days is 0.25% for PAYX’s stock, with a 1.73% simple moving average for the past 200 days.
Analysts’ Opinion of PAYX
Many brokerage firms have already submitted their reports for PAYX stocks, with TD Cowen repeating the rating for PAYX by listing it as a “Market Perform.” The predicted price for PAYX in the upcoming period, according to TD Cowen is $123 based on the research report published on December 22, 2023 of the previous year 2023.
Barclays, on the other hand, stated in their research note that they expect to see PAYX reach a price target of $126, previously predicting the price at $107. The rating they have provided for PAYX stocks is “Equal Weight” according to the report published on December 14th, 2023.
UBS gave a rating of “Neutral” to PAYX, setting the target price at $120 in the report published on November 07th of the previous year.
PAYX Trading at -0.26% 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 -6.23% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.40%, as shares sank -0.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.04% upper at present.
During the last 5 trading sessions, PAYX rose by +0.65%, which changed the moving average for the period of 200-days by +7.14% in comparison to the 20-day moving average, which settled at $121.29. In addition, Paychex Inc. saw 2.11% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PAYX starting from FLASCHEN DAVID J S, who purchase 45 shares at the price of $122.31 back on Aug 24 ’24. After this action, FLASCHEN DAVID J S now owns 6,289 shares of Paychex Inc., valued at $5,556 using the latest closing price.
Gioja Michael E, the Sr. Vice President of Paychex Inc., sale 40,068 shares at $121.89 during a trade that took place back on Feb 07 ’24, which means that Gioja Michael E is holding 19,194 shares at $4,883,889 based on the most recent closing price.
Stock Fundamentals for PAYX
Current profitability levels for the company are sitting at:
- 0.41 for the present operating margin
- 0.72 for the gross margin
The net margin for Paychex Inc. stands at 0.32. The total capital return value is set at 0.44. Equity return is now at value 48.43, with 15.33 for asset returns.
Based on Paychex Inc. (PAYX), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 2.33. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 126.97.
Currently, EBITDA for the company is 2.21 billion with net debt to EBITDA at -0.22. When we switch over and look at the enterprise to sales, we see a ratio of 8.39. The receivables turnover for the company is 3.12for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
In a nutshell, Paychex Inc. (PAYX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
