Paychex (NASDAQ:PAYX) has climbed 0.06% in the past week and advanced 4.92% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.26% and the outperformance has advanced to 3.96% for the last 4 weeks period.
Paychex (NASDAQ:PAYX): The stock opened at $54.87 on Friday but the bulls could not build on the opening and the stock topped out at $54.89 for the day. The stock traded down to $54.25 during the day, due to lack of any buying support eventually closed down at $54.59 with a loss of -0.56% for the day. The stock had closed at $54.90 on the previous day. The total traded volume was 2,229,260 shares.
The company shares have rallied 13.49% from its 1 Year high price. On Jun 7, 2016, the shares registered one year high at $55.44 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $53.28 and the 200 Day Moving Average price is recorded at $51.99.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Zaucha Laurie L., officer (Vice President) of Paychex Inc, had unloaded 10,000 shares at an average price of $54.51 in a transaction dated on June 16, 2016. The total value of the transaction was worth $545,100.
Many analysts have stated their opinion on the company shares. Compass Point initiates coverage on Paychex (NASDAQ:PAYX).The analysts at the brokerage house have a current rating of Sell on the shares. In a recent information released to the investors, Compass Point announces the price target of $56 per share. The rating by the firm was issued on April 15, 2016. Currently the company Insiders own 11.3% of Paychex shares according to the proxy statements. Institutional Investors own 69.45% of Paychex shares.
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.