Paychex Inc (NASDAQ: PAYX) on Tuesday, soared 0.64% from the previous trading day, before settling in for the closing price of $145.26. Within the past 52 weeks, PAYX’s price has moved between $114.72 and $150.71.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 7.04%. The company achieved an average annual earnings per share of 5.47%. With a float of $321.82 million, this company’s outstanding shares have now reached $360.10 million.
The extent of productivity of a business whose workforce counts for 16500 workers is very important to gauge. In terms of profitability, gross margin is 71.77%, operating margin of 41.13%, and the pretax margin is 41.91%.
Paychex Inc (PAYX) Insider Updates
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Paychex Inc is 10.58%, while institutional ownership is 78.21%. The most recent insider transaction that took place on Nov 14 ’24, was worth 380,070. Before that another transaction happened on Nov 13 ’24, when Company’s 10% Owner proposed sale 44,190 for $147.80, making the entire transaction worth $6,531,282.
Paychex Inc (PAYX) Performance Highlights and Predictions
As on 8/31/2024, Multinational firm has announced its last quarter scores, in which it reported 1.08 earnings per share (EPS) for the period topping the consensus outlook (set at 1.07) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.96% during the next five years compared to 10.30% growth over the previous five years of trading.
Paychex Inc (NASDAQ: PAYX) Trading Performance Indicators
Paychex Inc (PAYX) is currently performing well based on its current performance indicators. A quick ratio of 1.38 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.91. Likewise, its price to free cash flow for the trailing twelve months is 32.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.69, a number that is poised to hit 1.13 in the next quarter and is forecasted to reach 5.28 in one year’s time.
Technical Analysis of Paychex Inc (PAYX)
The latest stats from [Paychex Inc, PAYX] show that its last 5-days average volume of 1.41 million was inferior to 1.78 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 69.83%. Additionally, its Average True Range was 2.26.
During the past 100 days, Paychex Inc’s (PAYX) raw stochastic average was set at 87.20%, which indicates a significant increase from 58.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.03% in the past 14 days, which was lower than the 19.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $140.61, while its 200-day Moving Average is $127.80. Now, the first resistance to watch is $146.68. This is followed by the second major resistance level at $147.18. The third major resistance level sits at $148.03. If the price goes on to break the first support level at $145.33, it is likely to go to the next support level at $144.48. Assuming the price breaks the second support level, the third support level stands at $143.98.
Paychex Inc (NASDAQ: PAYX) Key Stats
Market capitalization of the company is 52.61 billion based on 359,898K outstanding shares. Right now, sales total 5,278 M and income totals 1,690 M. The company made 1,319 M in profit during its latest quarter, and 427,400 K in sales during its previous quarter.
