Paychex Inc. (NASDAQ: PAYX) kicked off on Tuesday, up 0.42% from the previous trading day, before settling in for the closing price of $124.70. Over the past 52 weeks, PAYX has traded in a range of $106.27-$129.92.
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Industrials Sector giant saw their annual sales surged by 7.04% over the last five years. While this was happening, its average annual earnings per share was recorded 5.40%. With a float of $321.49 million, this company’s outstanding shares have now reached $360.10 million.
The firm has a total of 16500 workers. Let’s measure their productivity.
Paychex Inc. (PAYX) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Staffing & Employment Services Industry. The insider ownership of Paychex Inc. is 10.73%, while institutional ownership is 76.11%. The most recent insider transaction that took place on Aug 24 ’24, was worth 5,556. In this transaction Director of this company bought 45 shares at a rate of $122.31, taking the stock ownership to the 6,289 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Director proposed sale 19,554 for $125.10, making the entire transaction worth $2,446,205.
Paychex Inc. (PAYX) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.19% during the next five years compared to 10.30% growth over the previous five years of trading.
Paychex Inc. (NASDAQ: PAYX) Trading Performance Indicators
Take a look at Paychex Inc.’s (PAYX) current performance indicators. Last quarter, stock had a quick ratio of 1.37. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.54. Likewise, its price to free cash flow for the trailing twelve months is 25.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.67, a number that is poised to hit 1.14 in the next quarter and is forecasted to reach 5.28 in one year’s time.
Technical Analysis of Paychex Inc. (PAYX)
Analysing the last 5-days average volume posted by the [Paychex Inc., PAYX], we can find that recorded value of 2.17 million was better than the volume posted last year of 1.86 million. As of the previous 9 days, the stock’s Stochastic %D was 39.20%. Additionally, its Average True Range was 2.54.
During the past 100 days, Paychex Inc.’s (PAYX) raw stochastic average was set at 69.08%, which indicates a significant increase from 45.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.10% in the past 14 days, which was lower than the 20.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $122.21, while its 200-day Moving Average is $121.11. Now, the first resistance to watch is $126.67. This is followed by the second major resistance level at $128.12. The third major resistance level sits at $129.42. If the price goes on to break the first support level at $123.92, it is likely to go to the next support level at $122.62. Should the price break the second support level, the third support level stands at $121.17.
Paychex Inc. (NASDAQ: PAYX) Key Stats
The company with the Market Capitalisation of 45.10 billion has total of 359,963K Shares Outstanding. Its annual sales at the moment are 5,278 M in contrast with the sum of 1,690 M annual income. Company’s last quarter sales were recorded 1,295 M and last quarter income was 379,900 K.
