Analysts See $0.65 EPS for Paychex, Inc. (PAYX)

September 16, 2018 - By Jason Dias

Paychex, Inc. (NASDAQ:PAYX) LogoInvestors sentiment increased to 1 in Q2 2018. Its up 0.16, from 0.84 in 2018Q1. It increased, as 36 investors sold Paychex, Inc. shares while 280 reduced holdings. 83 funds opened positions while 234 raised stakes. 232.57 million shares or 2.68% less from 238.99 million shares in 2018Q1 were reported.
Woodmont Investment Counsel Ltd reported 58,023 shares stake. Exane Derivatives has 0% invested in Paychex, Inc. (NASDAQ:PAYX). Hudock Ltd Liability holds 0.01% or 527 shares. Vanguard Group holds 0.07% or 24.87 million shares in its portfolio. Bokf Na has invested 0.08% in Paychex, Inc. (NASDAQ:PAYX). Price T Rowe Assocs Md has 0.01% invested in Paychex, Inc. (NASDAQ:PAYX) for 736,680 shares. Echo Street Capital Mngmt Limited Liability holds 0.27% or 164,449 shares in its portfolio. The Maryland-based Profund Advisors Limited Liability Company has invested 0.08% in Paychex, Inc. (NASDAQ:PAYX). Rockland Trust owns 5,799 shares or 0.05% of their US portfolio. Puzo Michael J reported 4,500 shares or 0.13% of all its holdings. Crawford Invest Counsel reported 934,461 shares stake. Segall Bryant & Hamill, a Illinois-based fund reported 6,161 shares. Patten And Patten Tn invested in 0.05% or 7,621 shares. Sabal Trust invested in 326,305 shares. Strs Ohio has invested 0.01% in Paychex, Inc. (NASDAQ:PAYX).

Since March 29, 2018, it had 0 insider purchases, and 19 sales for $23.62 million activity. Gioja Michael E sold $36,241 worth of stock or 515 shares. Another trade for 687 shares valued at $48,344 was sold by RIVERA EFRAIN. 7,853 shares valued at $563,374 were sold by INMAN GRANT M on Thursday, July 26. $200,135 worth of Paychex, Inc. (NASDAQ:PAYX) was sold by VELLI JOSEPH M. 4,000 shares valued at $282,040 were sold by Vossler Jennifer R. on Wednesday, August 15. $2.26 million worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Zaucha Laurie L..

Analysts expect Paychex, Inc. (NASDAQ:PAYX) to report $0.65 EPS on October, 2.They anticipate $0.03 EPS change or 4.84 % from last quarter’s $0.62 EPS. PAYX’s profit would be $233.35 million giving it 28.61 P/E if the $0.65 EPS is correct. After having $0.61 EPS previously, Paychex, Inc.’s analysts see 6.56 % EPS growth. The stock decreased 0.35% or $0.26 during the last trading session, reaching $74.38. About 1.11M shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 27.44% since September 16, 2017 and is uptrending. It has outperformed by 11.82% the S&P500.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Among 13 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 1 Sell and 11 Hold. Therefore 8% are positive. Paychex had 18 analyst reports since March 26, 2018 according to SRatingsIntel. Barclays Capital maintained it with “Equal-Weight” rating and $70 target in Tuesday, March 27 report. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Neutral” rating given on Thursday, June 28 by Robert W. Baird. As per Thursday, June 28, the company rating was maintained by Morgan Stanley. The company was maintained on Monday, March 26 by Robert W. Baird. The firm has “Underweight” rating by JP Morgan given on Tuesday, August 14. The firm has “Hold” rating by BMO Capital Markets given on Monday, March 26. The firm earned “Hold” rating on Monday, March 26 by Stifel Nicolaus. The rating was maintained by JP Morgan with “Neutral” on Tuesday, March 27. Stifel Nicolaus maintained Paychex, Inc. (NASDAQ:PAYX) on Thursday, June 28 with “Hold” rating. The company was maintained on Wednesday, March 28 by Citigroup.

Paychex, Inc. provides payroll, human resource , retirement, and insurance services for small to medium-sized businesses in the United States and Germany. The company has market cap of $26.70 billion. The firm offers payroll processing services that include payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. It has a 28.83 P/E ratio. It also provides HR outsourcing services, such as Paychex HR solutions comprising payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services.

More recent Paychex, Inc. (NASDAQ:PAYX) news were published by: which released: “Paychex: Premium Price Tag, But Solid ‘Starting Yield'” on September 04, 2018. Also published the news titled: “Report: Developing Opportunities within Anthera Pharmaceuticals, NRG Energy, Antares Pharma, El Pollo Loco …” on August 31, 2018.‘s news article titled: “Why Paycom Software Skyrocketed 46% Higher in August” with publication date: September 03, 2018 was also an interesting one.

Paychex, Inc. (NASDAQ:PAYX) Institutional Positions Chart

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