Paychex Inc. (NASDAQ: PAYX) has a price-to-earnings ratio of 27.37x that is above its average ratio. Additionally, the 36-month beta value for PAYX is 1.00. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 14 rating it as “hold,” and 1 rating it as “sell.”
The public float for PAYX is 321.31M and currently, short sellers hold a 4.33% ratio of that float. The average trading volume of PAYX on June 25, 2024 was 1.87M shares.
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PAYX) stock’s latest price update
Paychex Inc. (NASDAQ: PAYX)’s stock price has decreased by -0.44 compared to its previous closing price of 126.08. However, the company has seen a 0.65% increase in its stock price over the last five trading sessions. forbes.com reported 2024-06-25 that Payroll and HR solutions player Paychex is expected to publish its Q4 FY’24 results on June 26, reporting on a period that saw the U.S. job market remain relatively buoyant. We expect earnings for the quarter to come in at about $1.06 per share, marginally ahead of consensus estimates, while revenues are likely to grow about 5% year-over-year to $1.3 billion.
PAYX’s Market Performance
Paychex Inc. (PAYX) has experienced a 0.65% rise in stock performance for the past week, with a -0.11% drop in the past month, and a 5.51% rise in the past quarter. The volatility ratio for the week is 1.65%, and the volatility levels for the past 30 days are at 1.72% for PAYX. The simple moving average for the past 20 days is 2.46% for PAYX’s stock, with a 4.29% 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 2.66% 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 -3.22% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares surge +1.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.12% upper at present.
During the last 5 trading sessions, PAYX rose by +0.72%, which changed the moving average for the period of 200-days by +4.51% in comparison to the 20-day moving average, which settled at $122.58. In addition, Paychex Inc. saw 5.38% 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.
FLASCHEN DAVID J S, the Director of Paychex Inc., sale 19,709 shares at $124.55 during a trade that took place back on May 24 ’24, which means that FLASCHEN DAVID J S is holding 5,383 shares at $2,454,691 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 0.43. Equity return is now at value 46.47, with 14.06 for asset returns.
Based on Paychex Inc. (PAYX), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 2.55. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 122.61.
Currently, EBITDA for the company is 2.21 billion with net debt to EBITDA at -0.37. When we switch over and look at the enterprise to sales, we see a ratio of 8.5. The receivables turnover for the company is 3.06for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
In conclusion, Paychex Inc. (PAYX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
