Analysts See $0.60 EPS for Paychex, Inc. (PAYX)

September 17, 2017 - By Dolores Ford

 Analysts See $0.60 EPS for Paychex, Inc. (PAYX)
Investors sentiment decreased to 0.98 in 2016 Q4. Its down 0.08, from 1.06 in 2016Q3. It turned negative, as 48 investors sold Paychex, Inc. shares while 288 reduced holdings. 71 funds opened positions while 258 raised stakes. 237.57 million shares or 1.21% less from 240.49 million shares in 2016Q3 were reported.
First Manhattan accumulated 4,470 shares. Advisor Partners Limited Liability Com reported 0.08% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Moreover, Chesley Taft & Associate Limited Liability has 0.03% invested in Paychex, Inc. (NASDAQ:PAYX) for 5,335 shares. Creative Planning has 0.01% invested in Paychex, Inc. (NASDAQ:PAYX). Boston Advisors Ltd Com accumulated 0.01% or 4,630 shares. Guyasuta Inv Advisors has invested 0.07% in Paychex, Inc. (NASDAQ:PAYX). Commonwealth Finance Ltd Company reported 0.01% in Paychex, Inc. (NASDAQ:PAYX). Moreover, Wellington Mngmt Group Limited Liability Partnership has 0.02% invested in Paychex, Inc. (NASDAQ:PAYX). State Street owns 13.90 million shares or 0.08% of their US portfolio. Horizon Kinetics Ltd Liability Corp invested in 0.01% or 7,372 shares. Pine River Capital Mgmt L P holds 8,500 shares or 0.02% of its portfolio. Td Asset Mgmt Incorporated accumulated 1.12M shares. Schwab Charles Management Incorporated holds 1.35M shares or 0.09% of its portfolio. The Florida-based Professional Advisory Ser has invested 0.05% in Paychex, Inc. (NASDAQ:PAYX). Washington Company holds 0.12% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 30,295 shares.

Since May 5, 2017, it had 0 insider buys, and 2 insider sales for $1.20 million activity. On Wednesday, May 10 INMAN GRANT M sold $615,269 worth of Paychex, Inc. (NASDAQ:PAYX) or 10,654 shares. $587,600 worth of Paychex, Inc. (NASDAQ:PAYX) shares were sold by Vossler Jennifer R..

Analysts expect Paychex, Inc. (NASDAQ:PAYX) to report $0.60 EPS on October, 3 before the open.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.6 EPS. PAYX’s profit would be $215.21M giving it 24.10 P/E if the $0.60 EPS is correct. After having $0.54 EPS previously, Paychex, Inc.’s analysts see 11.11 % EPS growth. The stock increased 0.59% or $0.34 on September 15, reaching $57.85. About 2.08 million shares traded or 14.92% up from the average. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since September 17, 2016 and is uptrending. It has underperformed by 5.48% the S&P500.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Among 17 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 4 Sell and 12 Hold. Therefore 6% are positive. Paychex had 26 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Thursday, December 22 by Compass Point. The rating was maintained by RBC Capital Markets on Thursday, October 1 with “Underperform”. As per Friday, December 16, the company rating was upgraded by Goldman Sachs. The firm has “Underperform” rating given on Thursday, December 22 by RBC Capital Markets. The stock has “Sell” rating by Compass Point on Friday, April 15. BMO Capital Markets maintained it with “Hold” rating and $6000 target in Wednesday, June 28 report. The rating was downgraded by Zacks to “Hold” on Friday, September 4. Robert W. Baird maintained it with “Hold” rating and $60.0 target in Monday, September 11 report. The rating was maintained by JP Morgan with “Neutral” on Friday, August 14. On Friday, August 18 the stock rating was maintained by BMO Capital Markets with “Hold”.

Paychex, Inc. is a provider of integrated human capital management solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The company has market cap of $20.75 billion. The Firm also has activities in Germany. It has a 25.67 P/E ratio. The Firm offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.

More notable recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Democratandchronicle.com which released: “Paychex plans 625 new jobs as part of Henrietta expansion” on August 22, 2017, also Seekingalpha.com with their article: “Paychex Acquires HR Outsourcing Holdings” published on August 22, 2017, Prnewswire.com published: “Paychex Delivers a New Level of Payday Flexibility with Same Day ACH Debits” on September 15, 2017. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Seekingalpha.com and their article: “Why We Made Paychex Our Latest Dividend Portfolio Holding” published on August 18, 2017 as well as Prnewswire.com‘s news article titled: “Paychex Featured in the Top 5 on Selling Power’s “50 Best Companies to Sell …” with publication date: September 08, 2017.

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