Paychex Inc. [PAYX] Revenue clocked in at $4.11 billion, down -11.77% YTD: What’s Next?

Paychex Inc. [NASDAQ: PAYX] gained 1.75% or 1.29 points to close at $75.05 with a heavy trading volume of 1832324 shares. It opened the trading session at $71.82, the shares rose to $75.56 and dropped to $71.68, the range by which the price of stock traded the whole day. The daily chart for PAYX points out that the company has recorded -11.43% loss over the past six months. However, it is still -56.78% lower than its most recent low trading price.

If we look at the average trading volume of 3.13M shares, PAYX reached to a volume of 1832324 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Paychex Inc. [PAYX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PAYX shares is $70.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PAYX stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Paychex Inc. shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on March 18, 2020. The new note on the price target was released on March 18, 2020, representing the official price target for Paychex Inc. stock.

The Average True Range (ATR) for Paychex Inc. is set at 2.53, with the Price to Sales ratio for PAYX stock in the period of the last 12 months amounting to 6.45. The Price to Book ratio for the last quarter was 9.75, with the Price to Cash per share for the same quarter was set at 14.76. Price to Free Cash Flow for PAYX in the course of the last twelve months was 65.93 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for PAYX stock

Paychex Inc. [PAYX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.56. With this latest performance, PAYX shares gained by 18.88% in over the last four-week period, additionally sinking by -11.43% over the last 6 months – not to mention a drop of -13.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PAYX stock in for the last two-week period is set at 58.22, with the RSI for the last a single of trading hit 55.50, and the three-weeks RSI is set at 56.18 for Paychex Inc. [PAYX]. The present Moving Average for the last 50 days of trading for this stock 68.57, while it was recorded at 75.30 for the last single week of trading, and 78.54 for the last 200 days.

Paychex Inc. [PAYX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Paychex Inc. [PAYX] shares currently have an operating margin of +36.49 and a Gross Margin at +68.78. Paychex Inc.’s Net Margin is presently recorded at +27.42.

Return on Total Capital for PAYX is now 50.61, given the latest momentum, and Return on Invested Capital for the company is 38.03. Return on Equity for this stock inclined to 44.55, with Return on Assets sitting at 12.71. When it comes to the capital structure of this company, Paychex Inc. [PAYX] has a Total Debt to Total Equity ratio set at 30.40. Additionally, PAYX Total Debt to Total Capital is recorded at 23.31, with Total Debt to Total Assets ending up at 9.10. Long-Term Debt to Equity for the company is recorded at 30.40, with the Long-Term Debt to Total Capital now at 23.31.

Reflecting on the efficiency of the workforce at the company, Paychex Inc. [PAYX] managed to generate an average of $96,745 per employee. Receivables Turnover for the company is 5.32 with a Total Asset Turnover recorded at a value of 0.46.Paychex Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Paychex Inc. [PAYX]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Paychex Inc. posted 0.63/share EPS, while the average EPS was predicted by analysts to be reported at 0.64/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PAYX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Paychex Inc. go to 3.16%.

An analysis of insider ownership at Paychex Inc. [PAYX]

There are presently around $18,459 million, or 71.30% of PAYX stock, in the hands of institutional investors. The top three institutional holders of PAYX stocks are: BLACKROCK INC. with ownership of 36,099,603, which is approximately -1.572% of the company’s market cap and around 10.50% of the total institutional ownership; VANGUARD GROUP INC, holding 27,899,774 shares of the stock with an approximate value of $2.06 billion in PAYX stocks shares; and STATE STREET CORP, currently with $1.05 billion in PAYX stock with ownership of nearly -0.888% of the company’s market capitalization.

Positions in Paychex Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 454 institutional holders increased their position in Paychex Inc. [NASDAQ:PAYX] by around 18,666,524 shares. Additionally, 633 investors decreased positions by around 17,551,547 shares, while 165 investors held positions by with 214,037,658 shares. The mentioned changes placed institutional holdings at 250,255,729 shares, according to the latest SEC report filing. PAYX stock had 77 new institutional investments in for a total of 2,643,254 shares, while 161 institutional investors sold positions of 2,675,917 shares during the same period.

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