Paychex Inc. (PAYX) Insider Trading: What Insights Can Be Gained?

As of Wednesday close, Paychex Inc.’s (NASDAQ:PAYX) stock was down -$0.65, moving down -0.56 percent to $115.63. The average number of shares traded per day over the past five days has been 2,378,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.84 fall in that time frame. In the last twenty days, the average volume was 1,710,725, while in the previous 50 days, it was 1,818,624.

Since last month, PAYX stock retreated -1.45%. Shares of the company fell to $110.47 on 06/17/22, the lowest level in the past month. A 52-week high of $141.92 was reached on 04/06/22 after having rallying from a 52-week low of $102.58. Since the beginning of this year, PAYX’s stock price has dropped by -15.29% or -$20.87, and marked a new high 5 times. However, the stock has declined by -18.52% since its 52-week high.

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Paychex Inc. (PAYX) last reported insider trading activity 69 days ago on Apr 15. Saunders-McClendon Karen E., the VP, Chief Human Resources Offi of the company, disposed of 203 shares for $136.69 on Apr 15. It resulted in a $27,748 divestment by the insider. Gioja Michael E sold 26,000 shares at an average price of $141.26 on Apr 05. The insider now owns 52,349 shares following the transaction. On Dec 27, Chairman and CEO MUCCI MARTIN sold 150,000 shares at $134.31 apiece. The transaction was valued at $20,146,500.

Valuation Metrics

Right now, Paychex Inc. (PAYX) has a P/E ratio of about 30.88. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 9.35, the price-to-book (PB) ratio of 12.69, and the price-to-cash flow ratio of 71.32 may also be considered.

The latest dividend of $0.79 per share was paid out, which is 19.7% more than last year’s $0.66. On Friday April 29 2022, a $0.13 dividend increase was announced.

Financial Health

In the three months ended February 27, Paychex Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending February 27 was 0.24, and the total debt-to-equity ratio was 0.25. In the year ended February 27, EBITDA margin amounted to 40.74%, whereas operating margins totaled 40.00%. Based on annual data, PAYX earned $2.79 billion in gross profit and brought in $4.06 billion in revenue.

In Paychex Inc.’s quarter-end financial report for February 27, it reported total debt of $797.6 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PAYX’s revenue rose 12.88% to $1.11 billion during the quarter, while net income inched up to $1.28 billion. While analysts expected Paychex Inc. to report $1.05 quarterly earnings, the actual figure was $1.15 per share, beating the consensus estimate by 9.50%. During the quarter, the company generated $669.3 million in EBITDA. The liabilities of Paychex Inc. were 7.0 billion at the end of its most recent quarter ended February 27, and its total debt was $885.6 million. The value of shareholders’ equity is $361.02 million.

Technical Picture

This quick technical analysis looks at Paychex Inc.’s (PAYX) price momentum. With a historical volatility rate of 28.55%, the RSI 9-day stood at 37.93% on 22 June.

With respect to its five-day moving average, the current Paychex Inc. price is down by -1.57% percent or -$1.84. At present, PAYX shares trade -2.18% below its 20-day simple moving average and +3.61% percent above its 100-day simple moving average. However, the stock is currently trading approximately -16.99% below its SMA50 and +1.79% above its SMA200.

Stochastic coefficient K was 26.50% and Stochastic coefficient D was 19.98%, while ATR was 3.32. Given the Stochastic reading of 30.39% for the 14-day period, the RSI (14) reading has been calculated as 39.33%. As of today, the MACD Oscillator reading stands at -2.21, while the 14-day reading stands at -5.36.

Analyst Ratings

BofA Securities upgraded its rating on Paychex Inc. (NASDAQ: PAYX) to a Neutral in a note to investors on March 09, 2022. The analysts firm previously had an Underperform rating on the stock.Paychex Inc. (PAYX) has been rated Hold by analysts. According to 2 brokerage firms, PAYX is a sell, and 15 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Paychex Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $140.00, the current consensus forecast for the stock is $125.00 – $165.00. Based on these forecasts, analysts predict Paychex Inc. (PAYX) will achieve an average price target of $139.82.


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