Paychex Inc. [PAYX] Revenue clocked in at $4.04 billion, down -13.65% YTD: What’s Next?

Paychex Inc. [NASDAQ: PAYX] price surged by 1.18 percent to reach at $0.86. The company report on August 4, 2020 that Small Business Employment Rebound Moderates in July.

The South and West post the largest declines as COVID-19 cases surge; the Northeast continues to lag; and the Midwest demonstrates the greatest stability.

The latest Paychex | IHS Markit Small Business Employment Watch shows that employment growth moderated as new COVID-19 hot spots emerged in the South and West regions of the U.S. The national jobs index slipped 0.24 percent in July to 94.59. Hourly earnings growth also slowed slightly to 3.29 percent last month, but increasing hours worked, spurred by the shifting workforce composition, drove weekly earnings growth up to 4.14 percent, with one-month and three-month annualized growth rates topping five percent.

A sum of 1469942 shares traded at recent session while its average daily volume was at 2.25M shares. Paychex Inc. shares reached a high of $73.66 and dropped to a low of $72.37 until finishing in the latest session at $73.45.

The one-year PAYX stock forecast points to a potential upside of 0.66. The average equity rating for PAYX stock is currently 3.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $73.94 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 3.00. 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.

Goldman have made an estimate for Paychex Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on July 14, 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 1.54, 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 9.47, with the Price to Cash per share for the same quarter was set at 12.30. Price to Free Cash Flow for PAYX in the course of the last twelve months was 48.08 with Quick ratio for the last quarter at 1.20.

PAYX Stock Performance Analysis:

Paychex Inc. [PAYX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.13. With this latest performance, PAYX shares gained by 0.78% in over the last four-week period, additionally sinking by -16.52% over the last 6 months – not to mention a drop of -12.98% 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 49.18, with the RSI for the last a single of trading hit 54.82, and the three-weeks RSI is set at 51.47 for Paychex Inc. [PAYX]. The present Moving Average for the last 50 days of trading for this stock 74.03, while it was recorded at 72.83 for the last single week of trading, and 76.80 for the last 200 days.

Insight into Paychex Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Paychex Inc. [PAYX] shares currently have an operating margin of +36.15 and a Gross Margin at +68.30. Paychex Inc.’s Net Margin is presently recorded at +27.18.

Return on Total Capital for PAYX is now 40.95, given the latest momentum, and Return on Invested Capital for the company is 30.97. Return on Equity for this stock inclined to 40.66, with Return on Assets sitting at 12.61. When it comes to the capital structure of this company, Paychex Inc. [PAYX] has a Total Debt to Total Equity ratio set at 32.31. Additionally, PAYX Total Debt to Total Capital is recorded at 24.42, with Total Debt to Total Assets ending up at 10.80. Long-Term Debt to Equity for the company is recorded at 32.13, with the Long-Term Debt to Total Capital now at 24.28.

Receivables Turnover for the company is 4.91 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.


With the latest financial reports released by the company, Paychex Inc. posted 0.71/share EPS, while the average EPS was predicted by analysts to be reported at 0.68/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.40%. 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 3.28%.

Paychex Inc. [PAYX] Insider Position Details

There are presently around $18,273 million, or 73.10% 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 10.70% of the total institutional ownership; VANGUARD GROUP INC, holding 27,899,774 shares of the stock with an approximate value of $2.05 billion in PAYX stocks shares; and STATE STREET CORP, currently with $1.04 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 July and at the time of the July reporting period, where 470 institutional holders increased their position in Paychex Inc. [NASDAQ:PAYX] by around 16,727,840 shares. Additionally, 591 investors decreased positions by around 17,732,136 shares, while 156 investors held positions by with 214,324,405 shares. The mentioned changes placed institutional holdings at 248,784,381 shares, according to the latest SEC report filing. PAYX stock had 101 new institutional investments in for a total of 2,446,556 shares, while 127 institutional investors sold positions of 2,805,748 shares during the same period.

Share on facebook
Share on twitter
Share on linkedin
Share on skype
Share on reddit

Leave a Comment

Your email address will not be published. Required fields are marked *



Download Free eBook For


100% free. stop anytime no spam



Download Free eBook For


100% free. stop anytime no spam