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. Yahoo Finance discussed the stock recently as it posted Paychex Names Beaumont Vance as Senior Vice President of Data, Analytics, and AI.
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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 $44.13B. A total of 1.55 million shares were traded on the day, compared to an average of 1.82M shares.
In the most recent transaction, FLASCHEN DAVID J S bought 45 shares of PAYX for 122.31 per share on Aug 24 ’24. After the transaction, the Director now owns 6,289 company shares. In a previous transaction on Feb 07 ’24, Gioja Michael E sold 40,068 shares at 121.89 per share. PAYX shares that Sr. Vice President owns now total 19,194.
Among the insiders who sold shares, Bottini Mark Anthony disposed of 15,481 shares on Jan 29 ’24 at a per-share price of $120.53. This resulted in the Sr. VP of Sales holding 82,690 shares of PAYX after the transaction. In another insider transaction, FLASCHEN DAVID J S sold 16,031 shares at $119.79 per share on Dec 28 ’23. Company shares held by the Director now total 5,383.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Paychex Inc. pays an annual dividend of $3.56, resulting in a dividend yield of 2.90%, and it has a price to earnings (P/E) ratio of 27.27. 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.
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. 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 $1.39 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 2.72.
