News articles about Paychex (NASDAQ:PAYX) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Paychex earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.1675578356404 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several equities research analysts have commented on the stock. Royal Bank Of Canada restated a “sell” rating and issued a $57.00 price target on shares of Paychex in a research note on Wednesday. Morgan Stanley restated an “equal weight” rating and issued a $59.00 price target (up previously from $55.00) on shares of Paychex in a research note on Wednesday, October 4th. Wells Fargo & Company raised their price target on shares of Paychex from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, October 4th. Bank of America Corporation raised their price target on shares of Paychex from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $62.00 price target (up previously from $60.00) on shares of Paychex in a research note on Wednesday, October 4th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Paychex has a consensus rating of “Hold” and a consensus price target of $60.07.
Paychex (NASDAQ PAYX) traded down $0.72 during trading on Friday, reaching $64.92. 1,589,898 shares of the company were exchanged, compared to its average volume of 1,770,195. Paychex has a 1 year low of $54.20 and a 1 year high of $66.31. The firm has a market cap of $23,327.65, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 3.52 and a beta of 0.99.
Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Tuesday, October 3rd. The business services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Paychex had a net margin of 26.01% and a return on equity of 43.01%. The firm had revenue of $816.80 million during the quarter, compared to analyst estimates of $816.34 million. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue was up 4.0% on a year-over-year basis. research analysts expect that Paychex will post 2.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Tuesday, October 31st. Paychex’s dividend payout ratio is 87.34%.
In other Paychex news, VP John B. Gibson sold 6,000 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $63.70, for a total value of $382,200.00. Following the completion of the sale, the vice president now owns 21,758 shares in the company, valued at approximately $1,385,984.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Laurie L. Zaucha sold 17,354 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $64.00, for a total transaction of $1,110,656.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,395 shares of company stock valued at $5,914,383. Insiders own 11.70% of the company’s stock.
Paychex, Inc is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.
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