Analysts See $0.61 EPS for Paychex, Inc. (PAYX)

May 25, 2018 - By Linda Rogers

Paychex, Inc. (NASDAQ:PAYX) LogoInvestors sentiment decreased to 0.92 in Q4 2017. Its down 0.10, from 1.02 in 2017Q3. It fall, 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.
Moors And Cabot reported 5,925 shares or 0.05% of all its holdings. Spirit Of America Mgmt Ny has invested 0.07% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Alliancebernstein Lp has 540,427 shares. Synovus Fincl invested 0.01% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Covenant Multifamily Offices Ltd Liability Corp owns 950 shares. Moreover, First Republic Investment Mngmt has 0.17% invested in Paychex, Inc. (NASDAQ:PAYX). Yhb Inc has invested 0.7% in Paychex, Inc. (NASDAQ:PAYX). Opus Inv Mngmt accumulated 1.15% or 94,700 shares. Brown Advisory Incorporated has invested 0.01% in Paychex, Inc. (NASDAQ:PAYX). Barrett Asset Mngmt Ltd Liability Corporation invested in 0% or 300 shares. Point72 Asset Mngmt Lp stated it has 0.01% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Numeric Investors Ltd owns 6,900 shares or 0% of their US portfolio. Sii Wi reported 7,963 shares or 0.06% of all its holdings. Vigilant Cap Management Limited Liability holds 230 shares. Tiverton Asset Management has 5,468 shares for 0.02% of their portfolio.

Since January 4, 2018, it had 0 insider purchases, and 4 sales for $10.03 million activity. 10,000 shares valued at $682,900 were sold by Vossler Jennifer R. on Tuesday, January 16. $2.36M worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Gioja Michael E on Thursday, January 4.

Analysts expect Paychex, Inc. (NASDAQ:PAYX) to report $0.61 EPS on June, 27.They anticipate $0.07 EPS change or 12.96 % from last quarter’s $0.54 EPS. PAYX’s profit would be $219.16M giving it 27.01 P/E if the $0.61 EPS is correct. After having $0.63 EPS previously, Paychex, Inc.’s analysts see -3.17 % EPS growth. The stock increased 0.05% or $0.03 during the last trading session, reaching $65.9. About 922,715 shares traded. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since May 25, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

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 had 19 analyst reports since December 4, 2017 according to SRatingsIntel. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Hold” rating given on Thursday, December 21 by BMO Capital Markets. The firm has “Hold” rating by Bank of America given on Tuesday, April 17. Citigroup upgraded it to “Hold” rating and $67.0 target in Monday, December 4 report. As per Monday, January 22, the company rating was maintained by BMO Capital Markets. The rating was maintained by RBC Capital Markets with “Sell” on Thursday, December 21. On Monday, March 26 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, March 27. The stock has “Hold” rating by Stifel Nicolaus on Monday, March 26. The rating was maintained by Citigroup on Wednesday, March 28 with “Neutral”. The stock has “Hold” rating by Bank of America on Tuesday, January 9.

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 $23.68 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 28.41 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

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