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Tuesday, January 31, 2023

Searching For Real Value In Market Debris At Paychex Inc. (NASDAQ: PAYX)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Paychex Inc. (PAYX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.5499, or -0.48%, to $115.0101. The Paychex Inc. has recorded 48,683 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Paychex, Inc. Reports Second Quarter Results: Solid Growth in Revenue and Diluted Earnings Per Share; Raises Outlook for the Year.

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Stocks Info

As a NASDAQ listed company, PAYX falls under the Industrials sector while operating within the Staffing & Employment Services industry segment. At the end of the last regular session, the stock closed at $115.56 and fluctuated between $116.07 as its day high and $113.97 as its day low. The current market capitalization of Paychex Inc. is $41.98B. A total of 1.06 million shares were traded on the day, compared to an average of 1.67M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PAYX has seen 3 BUY and 6 SELL insider trades, representing the acquisition of 6,579 and the disposition of 14,188 shares. Over the last 12 months, there were 25 BUYs and 35 SELLs from insiders. Insiders purchased 114,842 shares during that period but sold 169,996.

In the most recent transaction, Gioja Michael E sold 13,744 shares of PAYX for 115.30 per share on Dec 28. After the transaction, the Sr. Vice President now owns 33,268 company shares. In a previous transaction on Oct 20, RIVERA EFRAIN sold 298 shares at 111.06 per share. PAYX shares that Sr. Vice President, CFO owns now total 79,275.

Among the insiders who sold shares, Bottini Mark Anthony disposed of 215 shares on Oct 20 at a per-share price of $111.06. This resulted in the Sr. VP of Sales holding 74,462 shares of PAYX after the transaction. In another insider transaction, Gioja Michael E sold 249 shares at $111.06 per share on Oct 20. Company shares held by the Sr. Vice President now total 47,012.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Paychex Inc. pays an annual dividend of $3.16, resulting in a dividend yield of 2.73%, and it has a price to earnings (P/E) ratio of 28.59. PAYX’s most recent ex-dividend date was 11/8/2022 when it declared a $0.79 quarterly dividend that was paid in cash on 11/23/2022. Previously, the company paid the dividend on 8/25/2022 with an ex-dividend date of 8/10/2022. The PAYX stock dividend was $0.79 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PAYX in the last 3 months, the mean price target is $122.18 with high estimates of $140.00 and low estimates of $114.00. In terms of 52-week highs and lows, PAYX has a high of $141.92 and a low of $105.66.

As of this writing, PAYX has an earnings estimate of $0.95 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.97 per share and a lower estimate of $0.93. The company reported an EPS of $0.81 in the last quarter, which was 2.50% higher than expectations of $0.79.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PAYX is Sell with a score of 3.00. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 16 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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