Paychex Inc’s recent filing unveils that its Sr. Vice President Gioja Michael E unloaded Company’s shares for reported $4.89 million on Apr 03 ’25. In the deal valued at $154.59 per share,31,653 shares were sold. As a result of this transaction, Gioja Michael E now holds 14,035 shares worth roughly $1.92 million.
Then, Gioja Michael E bought 31,653 shares, generating $4,893,185 in total proceeds.
Before that, GOLISANO B THOMAS bought 11,995 shares. Paychex Inc shares valued at $1,684,218 were divested by the 10% Owner at a price of $140.41 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 Tuesday, Paychex Inc [NASDAQ:PAYX] saw its stock fall -2.48% to $137.01. Over the last five days, the stock has lost -11.37%. Paychex Inc shares have fallen nearly -2.29% since the year began. Nevertheless, the stocks have risen 11.95% over the past one year. While a 52-week high of $158.37 was reached on 03/10/25, a 52-week low of $115.40 was recorded on 01/06/25. SMA at 50 days reached $148.53, while 200 days put it at $138.27.
Levels Of Support And Resistance For PAYX Stock
The 24-hour chart illustrates a support level at 133.99, which if violated will result in even more drops to 130.96. On the upside, there is a resistance level at 141.31. A further resistance level may holdings at 145.60. The Relative Strength Index (RSI) on the 14-day chart is 33.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.39%. Stochastics %K at 12.61% indicates the stock is a buying.
How much short interest is there in Paychex Inc?
A steep rise in short interest was recorded in Paychex Inc stocks on 2025-03-14, growing by 0.67 million shares to a total of 14.2 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 13.53 million shares. There was a rise of 4.72%, 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.
