News coverage about Paychex (NASDAQ:PAYX) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paychex earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 46.2951486863047 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Paychex Wins Stevie® Award for Customer Service (finance.yahoo.com)
- Paychex, Inc. (PAYX) Stock’s Essential Chart Information with Volatility and volume Figures – Investing News Update (investingbizz.com)
- Portfolio of Lower return Stock: Paychex, Inc. (PAYX) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Notable Stocks Under Consideration: Paychex, Inc., (NASDAQ: PAYX), NextEra Energy, Inc., (NYSE: NEE) – Global Export Lines (press release) (globalexportlines.com)
- Paychex INC (PAYX) Shareholder Ensemble Capital Management LLC Has Upped Holding – NMSU Hеrаld (nmsuherald.com)
Several equities research analysts recently commented on the stock. BMO Capital Markets restated a “hold” rating and issued a $70.00 price target on shares of Paychex in a research report on Wednesday, January 24th. BidaskClub downgraded shares of Paychex from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 22nd. Bank of America downgraded shares of Paychex from a “buy” rating to a “neutral” rating and set a $73.00 price target for the company. in a research report on Tuesday, January 9th. Stifel Nicolaus restated a “hold” rating and issued a $68.00 price target on shares of Paychex in a research report on Friday, December 22nd. Finally, Citigroup upgraded shares of Paychex from a “sell” rating to a “neutral” rating and set a $67.00 target price for the company in a research report on Monday, December 4th. Two analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Paychex currently has an average rating of “Hold” and an average target price of $62.77.
Paychex (NASDAQ:PAYX) traded up $0.18 during mid-day trading on Tuesday, reaching $65.51. 1,544,209 shares of the company’s stock were exchanged, compared to its average volume of 2,224,389. Paychex has a 12 month low of $54.20 and a 12 month high of $73.10. The stock has a market cap of $23,760.12, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 3.48 and a beta of 0.96.
Paychex (NASDAQ:PAYX) last released its earnings results on Thursday, December 21st. The business services provider reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59. Paychex had a net margin of 26.02% and a return on equity of 42.80%. The company had revenue of $826.50 million during the quarter, compared to the consensus estimate of $823.48 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. research analysts predict that Paychex will post 2.44 earnings per share for the current fiscal year.
In other news, insider Michael E. Gioja sold 34,311 shares of the stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $68.91, for a total transaction of $2,364,371.01. Following the transaction, the insider now owns 63,374 shares in the company, valued at approximately $4,367,102.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Jennifer R. Vossler sold 10,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $68.29, for a total transaction of $682,900.00. Following the transaction, the vice president now owns 31,578 shares in the company, valued at approximately $2,156,461.62. The disclosure for this sale can be found here. 11.70% of the stock is owned by corporate insiders.
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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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