A new trading day began on Tuesday, with Paychex Inc. (NASDAQ: PAYX) stock price up 1.44% from the previous day of trading, before settling in for the closing price of $132.22. PAYX’s price has ranged from $106.27 to $133.12 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 7.04% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 5.39%. With a float of $321.04 million, this company’s outstanding shares have now reached $360.10 million.
In an organization with 16500 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 71.97%, operating margin of 41.19%, and the pretax margin is 42.02%.
Paychex Inc. (PAYX) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Paychex Inc. is 10.76%, while institutional ownership is 77.47%. The most recent insider transaction that took place on Aug 26 ’24, was worth 1,129,292. In this transaction Director of this company sold 8,641 shares at a rate of $130.69, taking the stock ownership to the 761 shares. Before that another transaction happened on Aug 26 ’24, when Company’s Director proposed sale 8,641 for $130.69, making the entire transaction worth $1,129,309.
Paychex Inc. (PAYX) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 5.39% 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 9.14. Likewise, its price to free cash flow for the trailing twelve months is 27.79.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.2 million. That was inferior than the volume of 1.81 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 62.24%. Additionally, its Average True Range was 2.21.
During the past 100 days, Paychex Inc.’s (PAYX) raw stochastic average was set at 99.21%, which indicates a significant increase from 98.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.06% in the past 14 days, which was lower than the 19.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $125.10, while its 200-day Moving Average is $122.77. However, in the short run, Paychex Inc.’s stock first resistance to watch stands at $134.95. Second resistance stands at $135.77. The third major resistance level sits at $137.28. If the price goes on to break the first support level at $132.62, it is likely to go to the next support level at $131.11. The third support level lies at $130.29 if the price breaches the second support level.
Paychex Inc. (NASDAQ: PAYX) Key Stats
With a market capitalization of 48.25 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.
