Paychex Inc. (NASDAQ:PAYX) shares, rose in value, with the stock price up by 2.04% to the previous day’s close as strong demand from buyers drove the stock to $126.81.
Actively observing the price movement in the last trading, the stock closed the session at $124.28. The PE ratio was 27.16 over 12-month period. Referring to stock’s 52-week performance, its high was $129.70, and the low was $106.27. On the whole, PAYX has fluctuated by 3.95% over the past month.
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The company’s Forward Dividend Ratio is 3.65, with its dividend yield at 2.88%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PAYX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.78, with the price of PAYX currently trading nearly 5.33% and 4.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.45, while the 7-day volatility ratio is showing 1.97% which for the 30-day chart, stands at 2.00%. Furthermore, Paychex Inc. (PAYX)’s beta value is 0.99, and its average true range (ATR) is 2.32.
A comparison of Paychex Inc. (PAYX) with its peers suggests the former has fared considerably weaker in the market. PAYX showed an intraday change of 2.04% in last session, and over the past year, it grew by 4.78%%.
Data on historical trading for Paychex Inc. (NASDAQ:PAYX) indicates that the trading volumes over the past 3 months, they’ve averaged 1.89 million. According to company’s latest data on outstanding shares, there are 360.10 million shares outstanding.
Nearly 10.73% of Paychex Inc.’s shares belong to company insiders and institutional investors own 77.00% of the company’s shares. The stock has risen by 6.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PAYX stock heading into the next quarter.