News articles about Paychex (NASDAQ:PAYX) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Paychex earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 45.995156630321 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Paychex : Maximizes Accountant Productivity with New Sage Intacct Integration (4-traders.com)
- Paychex Helps to Maximize Accountant Productivity with Paychex and Sage Intacct Integration (finance.yahoo.com)
- Brokers Set Expectations for Paychex, Inc.’s FY2018 Earnings (PAYX) (americanbankingnews.com)
- Paychex, Inc. (PAYX) stock returned 12.82% positive in past quarter – Street Observer (press release) (streetobserver.com)
Several equities analysts have recently commented on PAYX shares. BMO Capital Markets restated a “hold” rating and set a $60.00 price target on shares of Paychex in a research note on Thursday, June 29th. Robert W. Baird cut their price target on Paychex from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, June 30th. Morgan Stanley cut their price target on Paychex from $56.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, June 30th. J P Morgan Chase & Co restated a “neutral” rating and set a $60.00 price target (down previously from $62.00) on shares of Paychex in a research note on Friday, June 30th. Finally, BidaskClub lowered Paychex from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 1st. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Paychex currently has an average rating of “Hold” and an average target price of $60.07.
Shares of Paychex (PAYX) opened at 63.51 on Friday. The firm has a market cap of $22.83 billion, a P/E ratio of 28.23 and a beta of 0.98. Paychex has a one year low of $52.78 and a one year high of $64.75. The firm has a 50-day moving average price of $60.20 and a 200 day moving average price of $58.43.
Paychex (NASDAQ:PAYX) last issued its quarterly earnings results on Tuesday, October 3rd. The business services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Paychex had a return on equity of 43.01% and a net margin of 26.01%. The company had revenue of $816.80 million for the quarter, compared to the consensus estimate of $816.34 million. During the same quarter in the prior year, the business earned $0.60 EPS. Paychex’s revenue was up 4.0% on a year-over-year basis. On average, analysts forecast that Paychex will post $2.38 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. Paychex’s payout ratio is currently 87.34%.
In other news, VP Laurie L. Zaucha sold 17,354 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $64.00, for a total value of $1,110,656.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Laurie L. Zaucha sold 15,000 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $62.00, for a total value of $930,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 88,395 shares of company stock worth $5,532,183. Company insiders own 11.70% of the company’s stock.
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Paychex Company Profile
Paychex, Inc is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.
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