Shares of Paychex (PAYX) Drops by -0.67%

Paychex (PAYX) has risen sharply, recording gains of 11.6% in the past 4 weeks. However, the stock has corrected -0.67% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 6.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 5.15% and the 50-Day Moving Average is 10.48%.

Paychex (NASDAQ:PAYX): The stock opened at $61.38 on Friday but the bulls could not build on the opening and the stock topped out at $61.41 for the day. The stock traded down to $60.82 during the day, due to lack of any buying support eventually closed down at $60.92 with a loss of -0.33% for the day. The stock had closed at $61.12 on the previous day. The total traded volume was 1,773,101 shares.


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 -13.07% . Institutional Investors own 69.4% of Paychex shares. During last six month period, the net percent change held by insiders has seen a change of -13.07%. In a related news, The Securities and Exchange Commission has divulged that Vossler Jennifer R., officer (VP/Controller) of Paychex Inc, had unloaded 12,000 shares at an average price of $61.05 in a transaction dated on July 14, 2016. The total value of the transaction was worth $732,600.

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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