For its second fiscal quarter (ending November 30), Paychex Inc. (NASDAQ: PAYX) has reported a 9% increase in E.P.S. from $1.00 a year ago to $1.09 in the current quarter. E.P.S. were $4.52 for the latest four quarters through November 30 versus $4.06 for the same period a year ago — an increase of 11%.
Recent Price Action
Paychex Inc. (NASDAQ: PAYX) stock suffered a large decline of -7.0% on 12/21/23. The stock closed at $118.90. Moreover, exceptionally high trading volume at 297% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -7.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PAYX is expected to continue to be a major Value Builder.
Paychex has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Paychex has a poor Appreciation Score of 20 but a good Power Rating of 85, with the Neutral Value Trend Rating the result.
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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