$0.65 EPS Expected for Paychex, Inc. (PAYX)

September 16, 2018 - By Mona Holcomb

Paychex, Inc. (NASDAQ:PAYX) LogoInvestors sentiment increased to 1 in Q2 2018. Its up 0.16, from 0.84 in 2018Q1. It is positive, 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.
Smith Salley And Assoc owns 32,175 shares. Atria Invs Ltd Liability Company holds 0.12% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 39,397 shares. Stephens Inc Ar holds 71,024 shares or 0.15% of its portfolio. Argyle Capital Mngmt Inc owns 2.06% invested in Paychex, Inc. (NASDAQ:PAYX) for 75,942 shares. Kanawha Cap Mngmt Ltd Com holds 4,234 shares or 0.04% of its portfolio. Hartford Finance Inc holds 0.43% or 17,557 shares in its portfolio. Canada Pension Plan Inv Board stated it has 203,990 shares. Architects Inc holds 0.01% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 901 shares. Cibc Ww Mkts stated it has 0.03% in Paychex, Inc. (NASDAQ:PAYX). Finemark Bancorp And Tru holds 0.04% or 9,595 shares in its portfolio. John G Ullman Associate stated it has 3,912 shares or 0.05% of all its holdings. Marshwinds Advisory Co holds 0.2% or 6,130 shares in its portfolio. Envestnet Asset holds 0.01% or 61,741 shares in its portfolio. Veritable Lp accumulated 25,103 shares. Lifeplan Gp holds 0% or 50 shares.

Since March 29, 2018, it had 0 insider purchases, and 19 sales for $23.62 million activity. 2,683 shares were sold by MUCCI MARTIN, worth $188,803. Gioja Michael E had sold 515 shares worth $36,241 on Wednesday, July 11. The insider Zaucha Laurie L. sold $2.26M. 7,853 shares were sold by INMAN GRANT M, worth $563,374. Vossler Jennifer R. sold 7,683 shares worth $537,171. On Wednesday, July 11 Schaeffer Stephanie L sold $18,155 worth of Paychex, Inc. (NASDAQ:PAYX) or 258 shares.

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 1.11 million 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. The stock has “Neutral” rating by Citigroup on Thursday, June 28. Citigroup maintained it with “Neutral” rating and $64 target in Wednesday, March 28 report. The rating was maintained by Barclays Capital on Tuesday, March 27 with “Equal-Weight”. Stifel Nicolaus maintained the shares of PAYX in report on Monday, March 26 with “Hold” rating. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Hold” rating by RBC Capital Markets on Monday, April 2. The firm has “Hold” rating given on Monday, March 26 by Robert W. Baird. The rating was maintained by RBC Capital Markets on Monday, March 26 with “Sell”. As per Thursday, June 28, the company rating was maintained by Morgan Stanley. The firm has “Hold” rating given on Tuesday, April 17 by Bank of America. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, June 28 report.

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: Nasdaq.com which released: “Report: Developing Opportunities within Anthera Pharmaceuticals, NRG Energy, Antares Pharma, El Pollo Loco …” on August 31, 2018. Also Seekingalpha.com published the news titled: “Paychex: Premium Price Tag, But Solid ‘Starting Yield'” on September 04, 2018. Nasdaq.com‘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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