Large Outflow of Money Witnessed in Paychex

Shares of Paychex (NASDAQ:PAYX) advanced to $54.62. The price had gained 0.11% or 0.06 points intraday. The latest trading session witnessed $3.43 million in upticks and $5.64 million in downticks, resulting in net money flow of (-2.21) million. The up/down ratio for the day stood at 0.61. On a weekly scale, the price has seen a change of -0.16%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-2.31) million occurred during the day. $0 million in uptick and $2.31 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.


Currently the company Insiders own 11.3% of Paychex shares according to the proxy statements. Institutional Investors own 69.45% of Paychex shares. On the companys insider trading activities, The director, of Paychex Inc, Joseph Pamela A had unloaded 6,000 shares at $52.49 per share in a transaction on May 12, 2016. The total value of transaction was $314,940. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Paychex (NASDAQ:PAYX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.33 points or 0.6% at $54.23 with 1,774,869 shares getting traded. Post opening the session at $54.3, the shares hit an intraday low of $54.17 and an intraday high of $54.63 and the price was in this range throughout the day. The company has a market cap of $19,529 million and the number of outstanding shares have been calculated to be 360,121,050 shares. The 52-week high of Paychex (NASDAQ:PAYX) is $55.435 and the 52-week low is $41.59.

Many analysts have stated their opinion on the company shares. Compass Point initiates coverage on Paychex (NASDAQ:PAYX). The current rating of the shares is Sell, according to the research report released by the firm. The brokerage firm announces the price target at $56 per share. The rating by the firm was issued on April 15, 2016.

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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