There’s No Need To Panic Or Freeze When It Comes To Paychex Inc. (NASDAQ: PAYX)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Application industry segment. The current market capitalization of Paychex Inc. is $47.84B. A total of 1.54 million shares were traded on the day, compared to an average of 1.84M shares.

In the most recent transaction, DOODY JOSEPH sold 8,641 shares of PAYX for 130.69 per share on Aug 26 ’24. After the transaction, the Director now owns 761 company shares. In a previous transaction on Aug 26 ’24, DOODY JOSEPH bought 8,641 shares at 130.69 per share.

Among the insiders who sold shares, Simmons Christopher C disposed of 2,344 shares on Aug 16 ’24 at a per-share price of $125.34. This resulted in the VP, Controller & Treasurer holding 5,215 shares of PAYX after the transaction. In another insider transaction, Simmons Christopher C bought 2,344 shares at $125.34 per share on Aug 16 ’24.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Paychex Inc. pays an annual dividend of $3.74, resulting in a dividend yield of 2.81%, and it has a price to earnings (P/E) ratio of 28.49. PAYX’s most recent ex-dividend date was 8/8/2024 when it declared a $0.98 quarterly dividend that was paid in cash on 8/29/2024. Previously, the company paid the dividend on 5/30/2024 with an ex-dividend date of 5/9/2024. The PAYX stock dividend was $0.98 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, PAYX has a high of $137.40 and a low of $106.27.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PAYX’s latest balance sheet shows that the firm has $1.22B in Cash & Short Term Investments as of fiscal 2022. There were $881.20M in debt and $5.27B in liabilities at the time. Its Book Value Per Share was $10.56, while its Total Shareholder’s Equity was $3.09B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PAYX is Buy with a score of 2.72.

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