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Wednesday, February 8, 2023

What Are The Chances Of Paychex Inc. (NASDAQ: PAYX) Becoming A Clear Buy?

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 intact, with the stock’s consolidated last price rising by $0.5501, or 0.48%, to $116.0701. The Paychex Inc. has recorded 57,631 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Paychex Recognizes the Fundamental Principle That Good Corporate Governance Is Critical to Organizational Success and the Protection of Stockholder Value.

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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 $115.52 and fluctuated between $117.20 as its day high and $115.41 as its day low. The current market capitalization of Paychex Inc. is $41.48B. A total of 1.12 million shares were traded on the day, compared to an average of 1.58M 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 0 BUY and 5 SELL insider trades, representing the acquisition of 0 and the disposition of 15,319 shares. Over the last 12 months, there were 24 BUYs and 36 SELLs from insiders. Insiders purchased 113,442 shares during that period but sold 183,740.

In the most recent transaction, Gibson John B sold 194 shares of PAYX for 120.31 per share on Jan 13. After the transaction, the President and CEO now owns 52,792 company shares. In a previous transaction on Dec 28, Gioja Michael E sold 13,744 shares at 115.30 per share. PAYX shares that Sr. Vice President owns now total 33,268.

Among the insiders who sold shares, RIVERA EFRAIN disposed of 298 shares on Oct 20 at a per-share price of $111.06. This resulted in the Sr. Vice President, CFO holding 79,275 shares of PAYX after the transaction. In another insider transaction, Bottini Mark Anthony sold 215 shares at $111.06 per share on Oct 20. Company shares held by the Sr. VP of Sales now total 74,462.

Dividend

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 2.74%, and it has a price to earnings (P/E) ratio of 28.58. 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 $121.87 with high estimates of $140.00 and low estimates of $110.00. 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 15 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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