In a filing, Paychex Inc revealed its Director VELLI JOSEPH M unloaded Company’s shares for reported $0.54 million on Apr 15 ’25. In the deal valued at $149.25 per share,3,650 shares were sold. As a result of this transaction, VELLI JOSEPH M now holds 78,455 shares worth roughly $11.01 million.
Then, VELLI JOSEPH M bought 3,650 shares, generating $544,763 in total proceeds.
Before that, Gioja Michael E sold 31,653 shares. Paychex Inc shares valued at $4,893,136 were divested by the Sr. Vice President at a price of $154.59 per share. As a result of the transaction, Gioja Michael E now holds 14,035 shares, worth roughly $1.97 million.
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 Monday, Paychex Inc [NASDAQ:PAYX] saw its stock fall -3.11% to $140.39. Over the last five days, the stock has lost -4.33%. Paychex Inc shares have risen nearly 0.12% since the year began. Nevertheless, the stocks have risen 17.84% 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 04/09/25. SMA at 50 days reached $148.04, while 200 days put it at $139.26.
Levels Of Support And Resistance For PAYX Stock
The 24-hour chart illustrates a support level at 137.53, which if violated will result in even more drops to 134.68. On the upside, there is a resistance level at 143.88. A further resistance level may holdings at 147.37. The Relative Strength Index (RSI) on the 14-day chart is 40.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.81%. Stochastics %K at 40.81% indicates the stock is a holding.
How much short interest is there in Paychex Inc?
A steep rise in short interest was recorded in Paychex Inc stocks on 2025-03-31, dropping by -0.46 million shares to a total of 13.85 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 14.31 million shares. There was a decline of -3.33%, which implies that there is a negative 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.
