Paychex Inc. (NASDAQ: PAYX) has seen a decline in its stock price by -1.80 in relation to its previous close of 134.93. However, the company has experienced a -0.37% decline in its stock price over the last five trading sessions. zacks.com reported 2024-09-16 that Paychex (PAYX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in Paychex Inc. (NASDAQ: PAYX) Right Now?
Paychex Inc. (NASDAQ: PAYX) has a price-to-earnings ratio that is above its average at 28.38x. The stock has a 36-month beta value of 0.99. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 1 as “sell.”
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The public float for PAYX is 321.32M, and at present, short sellers hold a 5.89% of that float. On September 19, 2024, the average trading volume of PAYX was 1.87M shares.
PAYX’s Market Performance
The stock of Paychex Inc. (PAYX) has seen a -0.37% decrease in the past week, with a 5.82% rise in the past month, and a 5.61% gain in the past quarter. The volatility ratio for the week is 1.79%, and the volatility levels for the past 30 days are at 1.74% for PAYX. The simple moving average for the last 20 days is 1.02% for PAYX stock, with a simple moving average of 7.59% for the last 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 4.48% 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 -3.57% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares surge +5.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.23% upper at present.
During the last 5 trading sessions, PAYX fell by -0.37%, which changed the moving average for the period of 200-days by +8.63% in comparison to the 20-day moving average, which settled at $131.53. In addition, Paychex Inc. saw 11.24% 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 DOODY JOSEPH, who sale 8,641 shares at the price of $130.69 back on Aug 26 ’24. After this action, DOODY JOSEPH now owns 761 shares of Paychex Inc., valued at $1,129,292 using the latest closing price.
DOODY JOSEPH, the Director of Paychex Inc., proposed sale 8,641 shares at $130.69 during a trade that took place back on Aug 26 ’24, which means that DOODY JOSEPH is holding shares at $1,129,309 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 46.35, with 16.15 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 2.27. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is 58.29.
Currently, EBITDA for the company is 2.35 billion with net debt to EBITDA at -0.25. When we switch over and look at the enterprise to sales, we see a ratio of 8.92. The receivables turnover for the company is 3.25for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To sum up, Paychex Inc. (PAYX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
