Paychex (PAYX) : Traders are bullish on Paychex (PAYX) as it has outperformed the S&P 500 by a wide margin of 2.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.25%, 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 0.58% in the last 1 week, and is up 2.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 1.41% and the fifty day Moving Average is 2.74%. Paychex, Inc. is up 12.21% in the last three month period. Year-to-Date the stock performance stands at 17.25%.
Paychex (PAYX) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $63 and the lowest price target forecast is $40. The average forecast of all the analysts is $50.82 and the expected standard deviation is $7.7.
Paychex (NASDAQ:PAYX): On Fridays trading session , Opening price of the stock was $60.75 with an intraday high of $61.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $60.01. However, the stock managed to close at $60.5, a loss of 0.38% for the day. On the previous day, the stock had closed at $60.73. The total traded volume of the day was 1,633,000 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.