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.
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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 $44.10B. A total of 1.81 million shares were traded on the day, compared to an average of 1.87M 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
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Paychex Inc. pays an annual dividend of $3.56, resulting in a dividend yield of 2.91%, and it has a price to earnings (P/E) ratio of 26.72. 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. 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 $1.1 per share for the current quarter. EPS was calculated based on a consensus of 17.0 estimates, with a high estimate of $1.12 per share and a lower estimate of $1.05. The company reported an EPS of $0.97 in the last quarter
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 $10.41, 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 2.72.
