Breaking: Paychex (NASDAQ:PAYX) “Hold” Rating Maintained at Stifel Nicolaus Today; The Target Given is $68.0

April 17, 2018 - By Ann Prendergast

Paychex, Inc. (NASDAQ:PAYX) Logo

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.10, from 1.02 in 2017Q3. It is negative, as 39 investors sold Paychex, Inc. shares while 306 reduced holdings. 93 funds opened positions while 226 raised stakes. 238.43 million shares or 0.16% less from 238.82 million shares in 2017Q3 were reported.

Financial Counselors has invested 0.3% in Paychex, Inc. (NASDAQ:PAYX). Jolley Asset Mgmt Lc holds 1,750 shares or 0.08% of its portfolio. Comerica Bankshares reported 119,240 shares or 0.05% of all its holdings. Moreover, Marshwinds Advisory has 0.2% invested in Paychex, Inc. (NASDAQ:PAYX). Tcw accumulated 14,070 shares. Boston Private Wealth Ltd Liability owns 0.13% invested in Paychex, Inc. (NASDAQ:PAYX) for 50,862 shares. Schroder Invest Management Group, a Maine-based fund reported 756,395 shares. Blb&B Limited Liability Corporation owns 32,663 shares for 0.32% of their portfolio. 46,027 were accumulated by Dnb Asset As. Brown Brothers Harriman & holds 2,797 shares or 0% of its portfolio. Rand Wealth Limited Liability Company has invested 0.04% in Paychex, Inc. (NASDAQ:PAYX). Acg Wealth holds 0.04% or 3,841 shares. Professional Advisory Services has invested 0.05% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Beck Mack & Oliver Llc reported 4,047 shares or 0.01% of all its holdings. Boston Research & Mgmt holds 0.26% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 7,755 shares.

Since January 4, 2018, it had 0 buys, and 3 sales for $9.83 million activity. $682,900 worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Vossler Jennifer R. on Tuesday, January 16.

Paychex (NASDAQ:PAYX) Rating Reaffirmed

The company has just set a target price of $68.0 on Paychex (NASDAQ:PAYX) shares. This is 11.35 % from the stock close price. In a report revealed to clients on Thursday, 21 December, Stifel Nicolaus reconfirmed their “Hold” rating on shares of PAYX.

Investors sentiment decreased to 0.92 in 2017 Q4. Its down 0.10, from 1.02 in 2017Q3. It is negative, as 39 investors sold Paychex, Inc. shares while 306 reduced holdings. 93 funds opened positions while 226 raised stakes. 238.43 million shares or 0.16% less from 238.82 million shares in 2017Q3 were reported.

Financial Counselors has invested 0.3% in Paychex, Inc. (NASDAQ:PAYX). Jolley Asset Mgmt Lc holds 1,750 shares or 0.08% of its portfolio. Comerica Bankshares reported 119,240 shares or 0.05% of all its holdings. Moreover, Marshwinds Advisory has 0.2% invested in Paychex, Inc. (NASDAQ:PAYX). Tcw accumulated 14,070 shares. Boston Private Wealth Ltd Liability owns 0.13% invested in Paychex, Inc. (NASDAQ:PAYX) for 50,862 shares. Schroder Invest Management Group, a Maine-based fund reported 756,395 shares. Blb&B Limited Liability Corporation owns 32,663 shares for 0.32% of their portfolio. 46,027 were accumulated by Dnb Asset As. Brown Brothers Harriman & holds 2,797 shares or 0% of its portfolio. Rand Wealth Limited Liability Company has invested 0.04% in Paychex, Inc. (NASDAQ:PAYX). Acg Wealth holds 0.04% or 3,841 shares. Professional Advisory Services has invested 0.05% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Beck Mack & Oliver Llc reported 4,047 shares or 0.01% of all its holdings. Boston Research & Mgmt holds 0.26% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 7,755 shares.

Since January 4, 2018, it had 0 buys, and 3 sales for $9.83 million activity. $682,900 worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Vossler Jennifer R. on Tuesday, January 16.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Among 9 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Paychex has $73.0 highest and $57.0 lowest target. $66.38’s average target is 8.69% above currents $61.07 stock price. Paychex had 20 analyst reports since November 13, 2017 according to SRatingsIntel. Citigroup maintained it with “Neutral” rating and $64 target in Wednesday, March 28 report. The firm earned “Hold” rating on Monday, March 26 by Robert W. Baird. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Hold” rating by Stifel Nicolaus on Monday, March 26. RBC Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) on Thursday, December 21 with “Sell” rating. JP Morgan maintained it with “Neutral” rating and $65 target in Tuesday, March 27 report. Citigroup upgraded Paychex, Inc. (NASDAQ:PAYX) rating on Monday, December 4. Citigroup has “Hold” rating and $67.0 target. BMO Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) rating on Monday, January 22. BMO Capital Markets has “Hold” rating and $70.0 target. The stock has “Sell” rating by RBC Capital Markets on Monday, November 13. RBC Capital Markets maintained it with “Sell” rating and $59.0 target in Monday, November 20 report. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, March 27.

The stock decreased 1.88% or $1.17 during the last trading session, reaching $61.07. About 2.87 million shares traded or 18.20% up from the average. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since April 17, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

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 $21.94 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 26.32 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.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: