Paychex (PAYX) : The money flow analysis of Paychex (PAYX) indicates a $15.7 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $17.37 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.11 and so was the total money flow at $1.68 million. The bulls lapped up $2.47 million worth of block trades on upticks. The money flow was $2.47 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Paychex (PAYX), pushing it down by -0.42% for the day. The stock slid $0.26 and traded at $60.98 during the day. Nonetheless, the stock is -0.57% over the previous weeks close.
The company Insiders own 11.3% of Paychex shares according to the proxy statements. Institutional Investors own 69.4% of Paychex shares. In an insider trading activity, The Securities and Exchange Commission has divulged that Mucci Martin, director officer (CEO & President) of Paychex Inc, had unloaded 65,965 shares at an average price of $60.63 in a transaction dated on July 7, 2016. The total value of the transaction was worth $3,999,458.
Shares of Paychex, Inc. rose by 1.53% in the last five trading days and 11.82% for the last 4 weeks. Paychex, Inc. is up 15.85% in the last 3-month period. Year-to-Date the stock performance stands at 17.33%.
Paychex (NASDAQ:PAYX): On Tuesdays trading session , Opening price of the stock was $61.4 with an intraday high of $61.69. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $60.92. However, the stock managed to close at $61.01, a loss of 0.38% for the day. On the previous day, the stock had closed at $61.24. The total traded volume of the day was 2,848,798 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.