Paychex Inc.’s filing revealed that its Sr. VP of Sales Bottini Mark Anthony unloaded Company’s shares for reported $6.65 million on Oct 16 ’24. In the deal valued at $141.87 per share,46,875 shares were sold. As a result of this transaction, Bottini Mark Anthony now holds 79,746 shares worth roughly $11.29 million.
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Then, Schrader Robert L. sold 13,015 shares, generating $1,852,673 in total proceeds. Upon selling the shares at $142.35, the Sr. VP, CFO now owns 17,362 shares.
Before that, Bottini Mark Anthony bought 46,875 shares. Paychex Inc. shares valued at $6,649,997 were divested by the Officer at a price of $141.87 per share.
TD Cowen downgraded its Paychex Inc. [PAYX] rating to a Market perform from a an Outperform in a research note published on December 22, 2023; the price target was decreased to $123 from $132. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in mid December from “an Underweight” to “an Equal weight”. UBS began covering PAYX with “Neutral” recommendation on November 07, 2023. RBC Capital Mkts started covering the stock on September 05, 2023. It rated PAYX as “a Sector perform”.
Price Performance Review of PAYX
On Friday, Paychex Inc. [NASDAQ:PAYX] saw its stock fall -0.56% to $141.53. Over the last five days, the stock has gained 1.90%. Paychex Inc. shares have risen nearly 18.82% since the year began. Nevertheless, the stocks have risen 19.67% over the past one year. While a 52-week high of $144.17 was reached on 10/15/24, a 52-week low of $106.27 was recorded on 04/02/24. SMA at 50 days reached $133.23, while 200 days put it at $124.79.
Levels Of Support And Resistance For PAYX Stock
The 24-hour chart illustrates a support level at 140.98, which if violated will result in even more drops to 140.42. On the upside, there is a resistance level at 142.29. A further resistance level may holdings at 143.04. The Relative Strength Index (RSI) on the 14-day chart is 65.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.02%. Stochastics %K at 82.26% indicates the stock is a selling.
How much short interest is there in Paychex Inc.?
A steep rise in short interest was recorded in Paychex Inc. stocks on 2024-09-30, growing by 0.56 million shares to a total of 19.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 18.91 million shares. There was a rise of 2.86%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 02, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $115 price target.
