A new trading day began on Monday, with Paychex Inc. (NASDAQ: PAYX) stock price down -0.57% from the previous day of trading, before settling in for the closing price of $124.46. PAYX’s price has ranged from $106.27 to $129.92 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 7.04%. Meanwhile, its annual earnings per share averaged 5.40%. With a float of $321.50 million, this company’s outstanding shares have now reached $360.10 million.
Let’s determine the extent of company efficiency that accounts for 16500 employees.
Paychex Inc. (PAYX) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Staffing & Employment Services Industry. The insider ownership of Paychex Inc. is 10.73%, while institutional ownership is 76.09%. 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
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
Here are Paychex Inc.’s current performance indicators. According to the last quarter’s results, the 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 8.44. Likewise, its price to free cash flow for the trailing twelve months is 25.67.
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)
Looking closely at Paychex Inc. (NASDAQ: PAYX), its last 5-days average volume was 1.68 million, which is a drop from its year-to-date volume of 1.86 million. As of the previous 9 days, the stock’s Stochastic %D was 27.02%. Additionally, its Average True Range was 2.53.
During the past 100 days, Paychex Inc.’s (PAYX) raw stochastic average was set at 59.41%, which indicates a significant increase from 21.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.86% in the past 14 days, which was lower than the 20.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $122.50, while its 200-day Moving Average is $121.25. However, in the short run, Paychex Inc.’s stock first resistance to watch stands at $124.58. Second resistance stands at $125.40. The third major resistance level sits at $126.13. If the price goes on to break the first support level at $123.03, it is likely to go to the next support level at $122.30. Should the price break the second support level, the third support level stands at $121.48.
Paychex Inc. (NASDAQ: PAYX) Key Stats
With a market capitalization of 44.57 billion, the company has a total of 359,963K Shares Outstanding. Currently, annual sales are 5,278 M while annual income is 1,690 M. The company’s previous quarter sales were 1,295 M while its latest quarter income was 379,900 K.
