Value Investing Philosophy And Paychex Inc. (NASDAQ: PAYX)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Job Gains Continue Among U.S. Small Businesses to Start 2024.

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Stocks Info

PAYX belongs to the Industrials sector of the NASDAQ while operating in the Staffing & Employment Services industry. The current market capitalization of Paychex Inc. is $43.57B. A total of 2.07 million shares were traded on the day, compared to an average of 1.93M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. 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, Bottini Mark Anthony sold 15,481 shares of PAYX for 120.53 per share on Jan 29. After the transaction, the Sr. VP of Sales now owns 82,690 company shares. In a previous transaction on Dec 28, FLASCHEN DAVID J S sold 16,031 shares at 119.79 per share. PAYX shares that Director owns now total 5,383.

Among the insiders who sold shares, Gioja Michael E disposed of 41,329 shares on Oct 06 at a per-share price of $115.79. This resulted in the Sr. Vice President holding 19,800 shares of PAYX after the transaction. In another insider transaction, Gioja Michael E sold 45,810 shares at $124.96 per share on Aug 01. Company shares held by the Sr. Vice President now total 19,800.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Paychex Inc. pays an annual dividend of $3.49, resulting in a dividend yield of 2.88%, and it has a price to earnings (P/E) ratio of 26.93. PAYX’s most recent ex-dividend date was 2/12/2024 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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 $1.37 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 organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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.

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