Sunday, September 20, 2020

Paychex Inc. [PAYX] fell -8.75% so far this year. What now?

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Paychex Inc. [NASDAQ: PAYX] jumped around 2.63 points on Monday, while shares priced at $77.62 at the close of the session, up 3.51%. The company report on September 1, 2020 that Growth in Hours Worked Contributing to Wage Gains for Employees of Small Businesses.

Weekly earnings and hours worked growth strongest in the Northeast as COVID-19 conditions improve in states such as New York, New Jersey, and Pennsylvania.

The latest Paychex |IHS Markit Small Business Employment Watch shows that despite hiring remaining flat since its drop-off in April, employees of small business are seeing the benefits of solid wage growth. Hourly earnings growth was steady at 3.28 percent in August and weekly earnings continue to improve as the number of hours worked increases. The national jobs index stood at 94.39, moderating 0.21 percent from the previous month.

Paychex Inc. stock is now -8.75% down from its year-to-date (YTD) trading value. PAYX Stock saw the intraday high of $77.97 and lowest of $75.60 per share. The company’s 52-week high price is 90.54, which means current price is +62.14% above from all time high which was touched on 02/20/20.

Compared to the average trading volume of 1.87M shares, PAYX reached a trading volume of 2085553 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say 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 $74.18 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 1.59, with the Price to Sales ratio for PAYX stock in the period of the last 12 months amounting to 6.92. The Price to Book ratio for the last quarter was 10.00, with the Price to Cash per share for the same quarter was set at 12.11. Price to Free Cash Flow for PAYX in the course of the last twelve months was 51.62 with Quick ratio for the last quarter at 1.20.

How has PAYX stock performed recently?

Paychex Inc. [PAYX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.05. With this latest performance, PAYX shares gained by 4.22% in over the last four-week period, additionally plugging by 34.71% over the last 6 months – not to mention a drop of -4.90% 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 60.76, with the RSI for the last a single of trading hit 62.10, and the three-weeks RSI is set at 58.40 for Paychex Inc. [PAYX]. The present Moving Average for the last 50 days of trading for this stock 74.27, while it was recorded at 75.60 for the last single week of trading, and 75.70 for the last 200 days.

Paychex Inc. [PAYX]: Deeper insight into the 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 33.65. Additionally, PAYX Total Debt to Total Capital is recorded at 25.18, 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 24.04.

Reflecting on the efficiency of the workforce at the company, Paychex Inc. [PAYX] managed to generate an average of $69,500 per employee. 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.

Earnings analysis for Paychex Inc. [PAYX]

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%.

Insider trade positions for Paychex Inc. [PAYX]

There are presently around $19,968 million, or 74.90% of PAYX stock, in the hands of institutional investors. The top three institutional holders of PAYX stocks are: BLACKROCK INC. with ownership of 34,574,913, which is approximately -4.224% of the company’s market cap and around 10.70% of the total institutional ownership; VANGUARD GROUP INC, holding 27,679,243 shares of the stock with an approximate value of $2.15 billion in PAYX stocks shares; and STATE STREET CORP, currently with $1.08 billion in PAYX stock with ownership of nearly -1.445% 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 477 institutional holders increased their position in Paychex Inc. [NASDAQ:PAYX] by around 24,499,088 shares. Additionally, 580 investors decreased positions by around 17,762,518 shares, while 157 investors held positions by with 214,998,019 shares. The mentioned changes placed institutional holdings at 257,259,625 shares, according to the latest SEC report filing. PAYX stock had 130 new institutional investments in for a total of 2,005,246 shares, while 107 institutional investors sold positions of 2,327,863 shares during the same period.

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