After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that Paychex Declares Quarterly Dividend and Authorizes $400 Million Stock Repurchase.
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Stocks Info
The company is listed on the NASDAQ and operates within the Staffing & Employment Services industry segment. The current market capitalization of Paychex Inc. is $43.93B. A total of 2.26 million shares were traded on the day, compared to an average of 1.94M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PAYX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 37 BUYs and 28 SELLs from insiders. Insiders purchased 437,889 shares during that period but sold 363,772.
In the most recent transaction, FLASCHEN DAVID J S sold 16,031 shares of PAYX for 119.79 per share on Dec 28. After the transaction, the Director now owns 5,383 company shares. In a previous transaction on Oct 06, Gioja Michael E sold 41,329 shares at 115.79 per share. PAYX shares that Sr. Vice President owns now total 19,800.
Among the insiders who sold shares, Gioja Michael E disposed of 45,810 shares on Aug 01 at a per-share price of $124.96. This resulted in the Sr. Vice President holding 19,800 shares of PAYX after the transaction. In another insider transaction, RIVERA EFRAIN sold 20,249 shares at $120.19 per share on Jul 17. Company shares held by the Sr. Vice President, CFO now total 86,136.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Paychex Inc. pays an annual dividend of $3.49, resulting in a dividend yield of 2.86%, and it has a price to earnings (P/E) ratio of 27.15. PAYX’s most recent ex-dividend date was when it declared a $0.89 quarterly dividend that was paid in cash on 2/27/2024. Previously, the company paid the dividend on 11/28/2023 with an ex-dividend date of 11/13/2023. The PAYX stock dividend was $0.89 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PAYX in the last 3 months, the mean price target is $121.18 with high estimates of $130.00 and low estimates of $105.00. In terms of 52-week highs and lows, PAYX has a high of $129.70 and a low of $104.09.
As of this writing, PAYX has an earnings estimate of $1.38 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.42 per share and a lower estimate of $1.28. The company reported an EPS of $1.14 in the last quarter, which was 1.80% higher than expectations of $1.12.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PAYX’s latest balance sheet shows that the firm has $1.22B in Cash & Short Term Investments as of fiscal 2022. There were $881.20M in debt and $5.27B in liabilities at the time. Its Book Value Per Share was $9.80, while its Total Shareholder’s Equity was $3.09B.
Analysts Opinion
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. Currently, 0 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 Buy with a score of 2.81.
