PAYX stock has undergone multiple analysts rating changes in the recent past. stock Target Lowered by Citigroup Inc. on 10/13/2021. In a note to investors, the firm issued a new target price of $125.00. The analysts previously had N/A target price. Citigroup Inc.’s price target would indicate a potential upside of 6.97% from the stock’s previous close.
Shares of traded on Wednesday, reaching $117.46. 0 shares of the stock traded hands, compared to its average volume of 1541696. On Wednesday, Shares of closed at $117.46. The firm’s 50 day moving average is $113.55 and its 200 day moving average is $102.38. has a 12 month low of $79.63 and a 12 month high of $119.38. While on yearly highs and lows, today has traded high as $118.07 and has touched $116.10 on the downward trend.
Earnings and What to expect:
Paychex last released its earnings results on September 29th, 2021. The business services provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.09. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.04 billion. Its quarterly revenue was up 16.8% on a year-over-year basis. Paychex has generated $3.04 earnings per share over the last year ($3.04 diluted earnings per share) and currently has a price-to-earnings ratio of 38.6. Earnings for Paychex are expected to grow by 7.12% in the coming year, from $3.37 to $3.61 per share. Paychex has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, December 22nd, 2021 based off prior year’s report dates.
Earnings for Paychex are expected to grow by 7.12% in the coming year, from $3.37 to $3.61 per share. The P/E ratio of Paychex is 38.64, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.75. The P/E ratio of Paychex is 38.64, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 26.76. Paychex has a PEG Ratio of 4.09. PEG Ratios above 1 indicate that a company could be overvalued. Paychex has a P/B Ratio of 14.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
(NASDAQ:PAYX) Moving Average Technical Analysis
5 day Moving Average is $$117.89 And 5 day price change is -$0.58 (-0.49%) with average volume for 5 day average is 1,142,560. While technical analysis for average 20 days shows significant difference, 20 day moving average is $112.75 and 20 day price change is $7.75 (7.06%) and average 20 day moving volume is 1,701,770. 50 day moving average is $113.55 and 50 day price change is $2.66 ( 2.32%) and with average volume for 50 days is : 1,369,716. 200 day moving average is $102.38 and 200 day price change is $23.16 (24.56%) and with average volume for 200 days is : 1,641,698.
Other owners latest trading in PAYX :
- On 10/13/2021 shares held by Alpha Omega Wealth Management LLC were 3,552 which equates to market value of $0.40M and appx 0.10% owners of PAYX
- On 10/13/2021 shares held by Crossmark Global Holdings Inc. were 34,760 which equates to market value of $1.16M and appx 0.10% owners of PAYX
- On 10/13/2021 shares held by Vantage Investment Partners LLC were 83,003 which equates to market value of $9.33M and appx 0.50% owners of PAYX
- In total Institutional ownership equates to Institutional Ownership Percentage: 69.75% for PAYX
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