Paychex Trading Volume Drops 33% Despite Stock Price Gains and Steady Job Growth

On April 1, 2025, Paychex's trading volume reached $299 million, marking a 33.01% decrease from the previous day. The company's stock price rose by 0.20%, marking the second consecutive day of gains, with a total increase of 2.36% over the past two days.

Paychex's Small Business Employment Watch reported that job growth remained steady at 99.75 in March, consistent with levels observed over the past several quarters. This stability in employment data suggests a continued trend of modest growth in the small business sector, which is a key indicator for Paychex's performance.

RBC maintained its rating for Paychex stock, setting a target price of $148. This decision reflects the company's confidence in Paychex's long-term prospects, despite the recent fluctuations in the stock market. The consistent performance of the Small Business Jobs Index further supports this optimistic outlook, as it indicates a stable employment environment for small businesses.