Paychex, Inc. (Nasdaq:PAYX) Sets 52 Week High Record Of $88.43

Paychex, Inc. (Nasdaq:PAYX)

June 11th, 2019

Amidst falling markets Paychex, Inc. finished Tuesday’s trading session down 0.85%, a ($0.75) decrease to close on $87.05. Despite the drop in price it hit a new 52 week high of $88.43. It’s expected that Paychex, Inc. will report earnings within the next couple of weeks.

PAYX was outperformed by the rest of the Information Technology sector which went up 0.02%.

Paychex, Inc. is listed on the S&P 500 index, and was one of 263 stocks that dropped today. Weighted by market cap, PAYX represents about 0.12% of the S&P 500.

Paychex, Inc. is listed on NASDAQ 100, and was one of 55 stocks that slumped today. Weighted by market cap, PAYX represents about 0.12% of NASDAQ 100.

Analysis results from 18 analysts points to the possibility that Paychex, Inc. might drop somewhat (-7.87%), while Finbox has calculated (with low uncertainty) a fair value price of $68.26.

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Consumer Staples saw the biggest increase of the day (0.41%), while the Industrials sector saw the biggest drop (-0.90%). Information Technology has seen the biggest year-to-date gain of 23.75%.

Industrials and Utilities experienced turn-arounds from their five day positive performances with Industrials dropping -0.90%.

Sector Breakdown

  • Consumer Staples, up 0.41%.
  • Consumer Discretionary, up 0.33%.
  • Communication Services, up 0.29%.
  • Real Estate, up 0.18%.
  • Energy, up 0.12%.
  • Information Technology, up 0.02%.
  • Financials, stayed even 0.00%.
  • Materials, down -0.07%.
  • Healthcare, down -0.25%.
  • Utilities, down -0.69%.
  • Industrials, down -0.90%.

Paychex, Inc. Info

Paychex, Inc. provides payroll, human resource (HR), retirement, and insurance services for small to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It also provides HR outsourcing services, including Paychex HR solutions comprising payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, the company offers insurance services for property and casualty coverage, such as workers’ compensation, business-owner policies, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life; cloud-based HR administration software products for employee benefits management and administration, time and attendance, recruiting, and onboarding solutions; and other HR services and products, such as employee handbooks, management manuals, and personnel and required regulatory forms. Further, it provides various accounting and financial services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and various services, such as payment processing services, financial fitness programs, and a small-business loan resource center. The company markets its products and services through direct sales force. Paychex, Inc. was founded in 1979 and is headquartered in Rochester, New York.

All amounts in USD unless otherwise indicated

PAYX daily update
PAYX daily update

Photo by Philippe Mignot on Unsplash

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