EPS for Paychex, Inc. (PAYX) Expected At $0.60

March 14, 2018 - By Louis Casey

 EPS for Paychex, Inc. (PAYX) Expected At $0.60
Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.01, from 1.03 in 2017Q2. It is negative, as 57 investors sold Paychex, Inc. shares while 263 reduced holdings. 65 funds opened positions while 260 raised stakes. 238.82 million shares or 0.48% more from 237.67 million shares in 2017Q2 were reported.
Opus Inv Incorporated has invested 1.08% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). 25,481 are owned by Panagora Asset. Daiwa Securities Group Inc Inc stated it has 0% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Bontempo Ohly Limited Co accumulated 32,551 shares. Dimensional Fund Advsrs Ltd Partnership invested in 988,623 shares. Wellington Shields Cap Management Ltd Com accumulated 9,600 shares or 0.08% of the stock. Cobblestone Advisors Limited Liability invested 0.33% in Paychex, Inc. (NASDAQ:PAYX). Hourglass Cap Ltd Com has 87,559 shares. Thompson Davis & Com, Virginia-based fund reported 342 shares. 312,298 were accumulated by Riverfront Investment Group Limited Liability Corporation. Blair William And Il accumulated 448,134 shares. Moors & Cabot holds 0.07% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 8,076 shares. Kentucky Retirement Insur Fund has invested 0.09% in Paychex, Inc. (NASDAQ:PAYX). Schaper Benz And Wise Counsel Wi holds 1.99% or 213,833 shares. Williams Jones Limited Company reported 0.17% in Paychex, Inc. (NASDAQ:PAYX).

Since September 25, 2017, it had 0 insider purchases, and 7 sales for $8.57 million activity. Shares for $1.11M were sold by Zaucha Laurie L.. Vossler Jennifer R. had sold 10,000 shares worth $682,900 on Tuesday, January 16. On Thursday, January 4 Gioja Michael E sold $2.36M worth of Paychex, Inc. (NASDAQ:PAYX) or 34,311 shares.

Analysts expect Paychex, Inc. (NASDAQ:PAYX) to report $0.60 EPS on March, 26 before the open.They anticipate $0.05 EPS change or 9.09 % from last quarter’s $0.55 EPS. PAYX’s profit would be $215.51 million giving it 27.45 P/E if the $0.60 EPS is correct. After having $0.59 EPS previously, Paychex, Inc.’s analysts see 1.69 % EPS growth. The stock decreased 1.24% or $0.83 during the last trading session, reaching $65.89. About 1.18 million shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since March 14, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 2 Sell and 15 Hold. Therefore 6% are positive. Paychex had 44 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, December 21. On Thursday, March 31 the stock rating was maintained by Citigroup with “Sell”. Stifel Nicolaus maintained Paychex, Inc. (NASDAQ:PAYX) on Thursday, August 17 with “Hold” rating. BMO Capital Markets maintained the stock with “Hold” rating in Friday, August 18 report. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Sell” rating by RBC Capital Markets on Thursday, December 21. Morgan Stanley upgraded Paychex, Inc. (NASDAQ:PAYX) on Wednesday, August 16 to “Equal-Weight” rating. On Friday, September 9 the stock rating was initiated by Wedbush with “Neutral”. As per Thursday, December 22, the company rating was maintained by RBC Capital Markets. The rating was maintained by Citigroup with “Sell” on Wednesday, October 4. RBC Capital Markets maintained it with “Sell” rating and $54.0 target in Sunday, September 10 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 $23.67 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 28.4 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 notable recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Valuewalk.com which released: “Paychex, Inc. (PAYX) Fundamental Valuation Report” on March 14, 2018, also Businesswire.com with their article: “Paychex, Inc. Schedules Third Quarter Fiscal 2018 Earnings Release Conference …” published on March 08, 2018, Bizjournals.com published: “Second headquarters coming to Phoenix for New York financial, payroll firm” on March 14, 2018. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Prnewswire.com and their article: “A Legacy of Learning: Paychex Ranks Among Top 125 Training Organizations for …” published on February 16, 2018 as well as Prnewswire.com‘s news article titled: “Paychex Acquires Lessor Group” with publication date: March 01, 2018.

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