After Hours
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Paychex, Inc. Schedules Third Quarter Fiscal 2024 Earnings Conference Call for March 27, 2024.
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Stocks Info
Paychex Inc. is listed on the NASDAQ in the Industrials sector while operating in the Staffing & Employment Services industry. At the end of the last regular session, the stock closed at $123.00 and fluctuated between $123.54 as its day high and $120.96 as its day low. The current market capitalization of Paychex Inc. is $44.26B. A total of 1.5 million shares were traded on the day, compared to an average of 1.77M 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 reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Paychex Inc. pays an annual dividend of $3.56, resulting in a dividend yield of 2.89%, and it has a price to earnings (P/E) ratio of 27.35. 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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
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. 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.
