For its third fiscal quarter (ending February 28), Paychex Inc. (NASDAQ: PAYX) has reported a 7% increase in E.P.S. from $1.30 a year ago to $1.39 in the current quarter. This performance was $0.02 better than the consensus estimate of $1.37. E.P.S. were $4.61 for the latest four quarters through February 28 versus $4.17 for the same period a year ago — an increase of 11%.
Recent Price Action
Paychex Inc. (NASDAQ: PAYX) stock closed at $122.08 on 4/2/24 after a modest gain of 0.4%. Moreover, exceptionally high trading volume at 279% of normal accompanied the advance. The stock has risen 1.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
PAYX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Paychex has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Paychex has a poor Appreciation Score of 23 but a slightly positive Power Rating of 65, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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