Paychex Inc. [PAYX] stock prices are up 0.06% to $141.43 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PAYX shares have lost -0.60% over the last week, with a monthly amount glided 5.84%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Paychex Inc. [NASDAQ: PAYX] stock has seen the most recent analyst activity on December 22, 2023, when TD Cowen downgraded its rating to a Market Perform and also revised its price target to $123 from $132. Previously, Barclays upgraded its rating to Equal Weight on December 14, 2023, and elevated its price target to $126. On November 07, 2023, UBS initiated with a Neutral rating and assigned a price target of $120 on the stock. RBC Capital Mkts started tracking the stock assigning a Sector Perform rating and suggested a price target of $130 on September 05, 2023. UBS initiated its recommendation with a Neutral and recommended $115 as its price target on June 02, 2023. BofA Securities downgraded its rating to Underperform for this stock on April 03, 2023, and downed its price target to $105. In a note dated January 17, 2023, Barclays downgraded an Underweight rating on this stock but restated the target price of $110.
The stock price of Paychex Inc. [PAYX] has been fluctuating between $106.27 and $144.17 over the past year. Currently, Wall Street analysts expect the stock to reach $130.41 within the next 12 months. Paychex Inc. [NASDAQ: PAYX] shares were valued at $141.43 at the most recent close of the market. An investor can expect a potential drop of -7.79% based on the average PAYX price forecast.
Analyzing the PAYX fundamentals
The Paychex Inc. [NASDAQ:PAYX] reported sales of 5.31B for trailing twelve months, representing a surge of 2.53%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.42%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.46 and Total Capital is 0.42. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 140.32 points at the first support level, and at 139.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 142.22, and for the 2nd resistance point, it is at 143.02.
Ratios To Look Out For
It’s worth pointing out that Paychex Inc. [NASDAQ:PAYX]’s Current Ratio is 1.38. Also, the Quick Ratio is 1.38, while the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 9.58, the price to book ratio is 13.22 and price to earnings (TTM) ratio is 30.13.
Transactions by insiders
Recent insider trading involved GOLISANO B THOMAS, 10% Owner, that happened on Oct 21 ’24 when 41985.0 shares were purchased. Sr. VP of Sales, Bottini Mark Anthony completed a deal on Oct 16 ’24 to sell 46875.0 shares. Meanwhile, Sr. VP, CFO Schrader Robert L. sold 13015.0 shares on Oct 15 ’24.
