Its Stock Has Paid Off Big Time For Paychex Inc.

With 1.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.93 million shares. During the session, the Staffing & Employment Services company that operates in wider Industrials sector, reached to the highest price of $127.4 whereas the lowest price it dropped to was $123.91. The 52-week range on PAYX shows that it touched its highest point at $129.70 and its lowest point at $106.27 during that stretch. It currently has a 1-year price target of $121.71. With its current market cap of 44.65 billion, PAYX has annualized dividend of $3.65 while the current yield stands at 2.94%. Beta for the stock currently stands at 0.99.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PAYX was down-trending over the past week, with a drop of -0.21%, but this was down by -0.84% over a month. Three-month performance surged to 1.19% while six-month performance rose 1.71%. The stock lost -0.83% in the past year, while it has gained 4.09% so far this year. A look at the trailing 12-month EPS for PAYX yields 4.67 with Next year EPS estimates of 5.28. For the next quarter, that number is 1.14. This implies an EPS growth rate of 5.40% for this year and 6.18% for next year. EPS is expected to grow by 7.19% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.30%.

Float and Shares Shorts:

At present, 360.10 million PAYX shares are outstanding with a float of 321.48 million shares on hand for trading. On 2024-07-15, short shares totaled 16.61 million, which was 461.00000000000006 higher than short shares on 1718323200. In addition to Mr. John B. Gibson Jr. as the firm’s President, CEO & Director, Mr. B. Thomas Golisano serves as its Founder & Director.

Institutional Ownership:

Through their ownership of 0.78096 of PAYX’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-05-31, PAYX reported revenue of $1295100000.0 and operating income of $481800000.0. The EBITDA in the recently reported quarter was $546900000.0 and diluted EPS was $nan.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PAYX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, PAYX has a current ratio of $3.92, which is $3.92 over the trailing 12-months, while a dividend of $– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PAYX currently yields $2.94. In the past year, PAYX’s dividend yield has been $2.94, but when looking at the stock over the past five years, its yield has been $2.66. Accordingly, PAYX has a current buyback yield of $0.38. This was $0.38 for the TTM, and it was $0.25 for the past five years.