Paychex Inc. [PAYX] Is Currently 1.17 below its 200 Period Moving Avg: What Dose This Mean?

Paychex Inc. [NASDAQ: PAYX] closed the trading session at $104.79 on 06/10/21. The day’s price range saw the stock hit a low of $103.46, while the highest price level was $105.12. The company report on June 10, 2021 that Paychex, Inc. Schedules Fourth Quarter Fiscal 2021 Earnings Release Conference Call for June 25, 2021.

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Paychex, Inc. (Nasdaq: PAYX) will release financial results for its fiscal 2021 fourth quarter, and full-year ended May 31, 2021. Paychex will deliver results via Business Wire before the financial markets open on Friday, June 25, 2021.

The Company will host a conference call at 9:30 a.m. ET on Friday, June 25, 2021, to review the results for the quarter. Participating in this call will be Martin Mucci, President and CEO, and Efrain Rivera, Senior Vice President, CFO, and Treasurer.

The stocks have a year to date performance of 12.46 percent and weekly performance of 2.88 percent. The stock has been moved at 12.28 percent over the last six months. The stock has performed 5.82 percent around the most recent 30 days and changed 10.12 percent over the most recent 3-months.

If compared to the average trading volume of 1.74M shares, PAYX reached to a volume of 2654010 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $98.07 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.

Wolfe Research have made an estimate for Paychex Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 07, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on December 18, 2020, representing the official price target for Paychex Inc. stock. Previously, the target price had yet another raise from $75 to $93, while Citigroup kept a Buy rating on PAYX stock.

The Average True Range (ATR) for Paychex Inc. is set at 1.62, with the Price to Sales ratio for PAYX stock in the period of the last 12 months amounting to 9.51. The Price to Book ratio for the last quarter was 12.70, with the Price to Cash per share for the same quarter was set at 2.77. Price to Free Cash Flow for PAYX in the course of the last twelve months was 104.03 with Quick ratio for the last quarter at 1.20.

PAYX stock trade performance evaluation

Paychex Inc. [PAYX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.88. With this latest performance, PAYX shares gained by 5.82% in over the last four-week period, additionally plugging by 12.28% over the last 6 months – not to mention a rise of 35.58% 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 67.53, with the RSI for the last a single of trading hit 73.81, and the three-weeks RSI is set at 63.86 for Paychex Inc. [PAYX]. The present Moving Average for the last 50 days of trading for this stock 99.35, while it was recorded at 103.14 for the last single week of trading, and 90.88 for the last 200 days.

Paychex Inc. [PAYX]: An insightful look at the core 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 per share (EPS) analysis for Paychex Inc. [PAYX] stock

With the latest financial reports released by the company, Paychex Inc. posted 0.61/share EPS, while the average EPS was predicted by analysts to be reported at 0.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.70%. 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 4.85%.

Paychex Inc. [PAYX]: Insider Ownership positions

There are presently around $26,673 million, or 72.30% of PAYX stock, in the hands of institutional investors. The top three institutional holders of PAYX stocks are: BLACKROCK INC. with ownership of 29,532,939, which is approximately -6.722% of the company’s market cap and around 10.60% of the total institutional ownership; VANGUARD GROUP INC, holding 28,803,026 shares of the stock with an approximate value of $3.02 billion in PAYX stocks shares; and CAPITAL INTERNATIONAL INVESTORS, currently with $1.46 billion in PAYX stock with ownership of nearly -11.547% of the company’s market capitalization.

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Positions in Paychex Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 549 institutional holders increased their position in Paychex Inc. [NASDAQ:PAYX] by around 15,385,900 shares. Additionally, 544 investors decreased positions by around 15,170,217 shares, while 209 investors held positions by with 223,980,292 shares. The mentioned changes placed institutional holdings at 254,536,409 shares, according to the latest SEC report filing. PAYX stock had 105 new institutional investments in for a total of 2,475,907 shares, while 81 institutional investors sold positions of 1,430,654 shares during the same period.

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