Paychex (PAYX) : During the past 4 weeks, traders have been relatively bearish on Paychex (PAYX), hence the stock is down -1.19% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.31% relative to the S&P 500. The 4-week change in the price of the stock is -3.19% and the stock has fallen -1.79% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.43% and the 50-Day Moving Average is 3%.The 200 Day SMA reached 8.49% Paychex, Inc. is up 7.49% in the last 3-month period. Year-to-Date the stock performance stands at 12.85%.
Paychex (PAYX) : 11 Wall Street analysts covering Paychex (PAYX) believe that the average level the stock could reach for the short term is $53. The maximum price target given is $65 and the minimum target for short term is around $40, hence the standard deviation is calculated at $8.04.
Company shares have received an average consensus rating of Hold for the current week Paychex (NASDAQ:PAYX): stock was range-bound between the intraday low of $58.01 and the intraday high of $59.09 after having opened at $59.03 on Fridays session. The stock finally closed in the red at $59.03, a loss of -1.32%. The stock remained in the red for the whole trading day. The total traded volume was 3,858,924 shares. The stock failed to cross $59.09 in Fridays trading. The stocks closing price on Thursday was $59.01.
Paychex, Inc., is a provider of integrated payroll, human Resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and human Resource services; delivering these services; growing its client base, through the efforts of its direct sales force; improving client service, through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions. The Company offers services and products that allow its clients to meet their diverse payroll and human Resource needs. These include: payroll processing; payroll tax administration services; employee payment services; regulatory compliance services; Paychex HR Services; retirement services administration; insurance services; and online HR administration services.