Paychex Inc (NASDAQ:PAYX) traded at $144.46 at last check on current trade day and made an upward move of 3.36% on its previous day’s price.
Looking at the stock we see that its previous close was $139.76 and the beta (5Y monthly) reads 0.993 with the day’s price range being $142.15 – $145.25. The company has a trailing 12-month PE ratio of 30.77. In terms of its 52-week price range, PAYX has a high of $144.17 and a low of $109.98. The company’s stock has gained about 4.56% over that past 30 days.
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Paychex Inc has a market cap of $51.99 billion and is expected to release its quarterly earnings report on 2024-Dec-19. With its Forward Dividend at 3.74 and a yield of 2.59%, the company’s investors could be anxious for the PAYX stock to gain ahead of the earnings release.
On the other hand, looking at the outlook for the PAYX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 10 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 8 have rated the Paychex Inc (PAYX) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the PAYX stock currently stands at 4.42, and the most recent price level today is 2.43% off its SMA20 and 5.48% from its 50-day simple moving average. The RSI (14) is pointing at 67.55 while the volatility over the past week is 1.43% and jumps to 1.41% over the past one month. The beta value is 0.99, while the average true range (ATR) is currently pointing at 2.35. The average price target for the stock over the next 12 months is $130, with the estimates having a low of $115 and a high of $145. These price ends are 20.39% and -0.37% off the today’s price level respectively, although investors could be excited at the prospect of a 10.01% if the PAYX share price touches on the median price of $130.
Coming back to Paychex Inc (NASDAQ:PAYX), we note that the average 3-month trading volume was 1.59 million, while that of the preceding 10-day period stands at 1.44 million. Current shares outstanding are 360.10 million.
The insiders hold 10.63% of the company’s shares while institutions hold 77.57%. The data shows that short shares as of 2024-10-15, stood at 18.89 million at a short ratio of 10.32. This represents a 588.00 short interest in shares outstanding on 2024-10-15. Shares short fall in October from the previous month at 20.53 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 21.28% up in year-to-date price movement.
