Paychex (PAYX) Shares are Up 1.13%

Paychex (PAYX) has been under a strong bear grip, hence the stock is down -2.47% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.07% in the past 1 week. The stock has risen by 1.13% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.46% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.63% and the 50-Day Moving Average is 3.98%. Paychex (NASDAQ:PAYX): stock turned positive on Friday. Though the stock opened at $59.67, the bulls momentum made the stock top out at $60.08 level for the day. The stock recorded a low of $59.67 and closed the trading day at $60.03, in the green by 0.22%. The total traded volume for the day was 1,493,296. The stock had closed at $59.9 in the previous days trading.


The company Insiders own 11.3% of Paychex shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.91% . Institutional Investors own 68.47% of Paychex shares. During last six month period, the net percent change held by insiders has seen a change of -14.91%.

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.

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