Bullish On PAYX? You Might Want To Consider This Credit Put Spread Expiring in 22 Days
Market Chameleon (Thu, 19-Sep 6:19 AM ET)
Paychex Introduces AI-Assisted Recruiting That Helps Small Businesses Instantly Find Top Talent
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Paychex, Inc. Schedules First Quarter Fiscal 2025 Earnings Conference Call for October 1, 2024
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Paychex Flex Perks Earns 2024 Top HR Product of the Year Award
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Paychex Launches Digital Employee Benefits Marketplace
Business Wire (Mon, 19-Aug 9:00 AM ET)
Paychex Announces Employee Engagement Solution
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Business Wire (Tue, 30-Jul 8:30 AM ET)
Paychex Named to TIME's 2024 America's Best Companies List
Business Wire (Mon, 29-Jul 9:30 AM ET)
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 745,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
Paychex trades on the NASDAQ stock market under the symbol PAYX.
As of September 19, 2024, PAYX stock price climbed to $133.17 with 1,116,372 million shares trading.
PAYX has a beta of 0.53, meaning it tends to be less sensitive to market movements. PAYX has a correlation of 0.16 to the broad based SPY ETF.
PAYX has a market cap of $47.92 billion. This is considered a Large Cap stock.
Last quarter Paychex reported $1 billion in Revenue and $1.12 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.02.
In the last 3 years, PAYX stock traded as high as $141.92 and as low as $104.09.
The top ETF exchange traded funds that PAYX belongs to (by Net Assets): VTI, VOO, SCHD, QQQ, SPY.
PAYX has underperformed the market in the last year with a price return of +17.7% while the SPY ETF gained +29.9%. However, in the short term, PAYX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.9% vs +4.4% return in SPY. But in the last 2 weeks, PAYX shares have been beat by the market, returning +0.9% compared to an SPY return of +3.6%.
PAYX support price is $130.78 and resistance is $134.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PAYX stock will trade within this expected range on the day.