Paychex Inc. (PAYX) Rises 1.55% for July 06

Equities Staff  |

Among the biggest risers on the S&P 500 on Monday July 06 was Paychex Inc. ($PAYX), popping some 1.55% to a price of $77.78 a share with some 2.99 million shares trading hands.

Starting the day trading at $78.74, Paychex Inc. reached an intraday high of $78.78 and hit intraday lows of $77.56. Shares gained $1.19 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 358.72 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $47.88 to $90.54.

Paychex competes in the payroll outsourcing industry. It is the second-largest player in terms of revenue and focuses on providing this service to small and midsize businesses. Paychex was created from the consolidation of 17 payroll processors in 1979 and services about 590,000 clients. The firm has almost 13,000 employees and is based in Rochester, New York.

Paychex Inc. has its corporate headquarters located in Rochester, NY and employs 15,800 people. Its market cap has now risen to $27.9 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 10.11, and P/FCF n/a.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of Paychex Inc., check out Stock Valuation Analysis tool for PAYX.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

To get more information on Paychex Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: PAYX’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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