Investing In Paychex Inc (NASDAQ: PAYX): Why Should You?

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 $53.26B. A total of 2.32 million shares were traded on the day, compared to an average of 1.61M shares.

In the most recent transaction, GOLISANO B THOMAS bought 142,350 shares of PAYX for 147.00 per share on Nov 12 ’24. In a previous transaction on Oct 29 ’24, GOLISANO B THOMAS bought 7,300 shares at 140.00 per share.

Among the insiders who bought shares, GOLISANO B THOMAS acquired of 153,848 shares on Oct 28 ’24 at a per-share price of $140.00. In another insider transaction, GOLISANO B THOMAS bought 41,985 shares at $142.00 per share on Oct 21 ’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 $4.72, resulting in a dividend yield of 3.19%, and it has a price to earnings (P/E) ratio of 31.53. PAYX’s most recent ex-dividend date was 11/7/2024 when it declared a $0.98 quarterly dividend that was paid in cash on 11/27/2024. Previously, the company paid the dividend on 8/29/2024 with an ex-dividend date of 8/8/2024. 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 $150.71 and a low of $113.87.

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 $10.70, 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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