Shares of Paychex (PAYX) Sees Large Inflow of Net Money Flow

Paychex (PAYX): $0.8 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.13. The value of trades done on upticks was $6.95 million, whereas, trades done on downticks were valued at $6.16 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $1.99 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $1.99 million. Paychex (PAYX) fell $0.04 traded at $60.95, a change of -0.07% over the previous day. The stock is 0.74% for the week.


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 69.68% of Paychex shares. During last six month period, the net percent change held by insiders has seen a change of -14.91%.

In a related news, Gibson John B, officer (Sr. VP, Service) of Paychex Inc, unloaded 11,450 shares at an average price of $59 on July 29, 2016. The total amount of the transaction was worth $675,550, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Paychex (NASDAQ:PAYX): The stock opened at $61.36 and touched an intraday high of $61.49 on Friday. During the day, the stock corrected to an intraday low of $60.85, however, the bulls stepped in and pushed the price higher to close in the green at $61.12 with a gain of 0.21% for the day. The total traded volume for the day was 1,072,278. The stock had closed at $60.99 in the previous trading session.

Paychex (PAYX) : Traders are bullish on Paychex (PAYX) as it has outperformed the S&P 500 by a wide margin of 3.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.52%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.02% in the last 1 week, and is up 2.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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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