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

August 28, 2018 - By Michele Cranor

Paychex, Inc. (NASDAQ:PAYX) LogoInvestors sentiment decreased to 0.84 in Q1 2018. Its down 0.08, from 0.92 in 2017Q4. It turned negative, as 56 investors sold Paychex, Inc. shares while 306 reduced holdings. 76 funds opened positions while 228 raised stakes. 238.99 million shares or 0.23% more from 238.43 million shares in 2017Q4 were reported.
New York State Teachers Retirement Systems has invested 0.07% in Paychex, Inc. (NASDAQ:PAYX). Laurion Mgmt Lp owns 6,113 shares for 0% of their portfolio. Canada Pension Plan Board holds 207,610 shares. Public Employees Retirement System Of Ohio owns 189,562 shares. Hudson Bay Management Ltd Partnership holds 30,632 shares. Forte Cap Ltd Liability Corporation Adv invested in 0.81% or 31,610 shares. 393,277 are held by Great West Life Assurance Can. Chemung Canal Trust holds 19,941 shares. Moreover, Bnp Paribas Arbitrage has 0% invested in Paychex, Inc. (NASDAQ:PAYX) for 176,760 shares. State Of Tennessee Treasury Department reported 76,760 shares stake. Tci Wealth accumulated 0% or 56 shares. Martingale Asset Mngmt L P reported 24,336 shares or 0.02% of all its holdings. Essex Investment Company accumulated 63,625 shares or 0.52% of the stock. Marathon Asset Management Limited Liability Partnership has 0.57% invested in Paychex, Inc. (NASDAQ:PAYX). Bradley Foster And Sargent Ct accumulated 11,747 shares.

Since March 29, 2018, it had 0 insider buys, and 18 insider sales for $20.15 million activity. 515 shares were sold by Gioja Michael E, worth $36,241. Shares for $48,344 were sold by RIVERA EFRAIN on Wednesday, July 11. On Wednesday, July 11 MUCCI MARTIN sold $188,803 worth of Paychex, Inc. (NASDAQ:PAYX) or 2,683 shares. Shares for $537,171 were sold by Vossler Jennifer R. on Friday, July 6. $2.40M worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Schaeffer Stephanie L. Shares for $2.26M were sold by Zaucha Laurie L..

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 $233.35M giving it 27.84 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 0.33% or $0.24 during the last trading session, reaching $72.39. About 932,255 shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 11.49% since August 29, 2017 and is uptrending. It has underperformed by 1.08% 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. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, March 26 report. The company was maintained on Thursday, June 28 by Citigroup. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Underweight” rating by JP Morgan on Tuesday, August 14. Robert W. Baird maintained it with “Hold” rating and $6700 target in Monday, March 26 report. The firm has “Equal-Weight” rating given on Thursday, June 28 by Morgan Stanley. The firm earned “Hold” rating on Monday, March 26 by BMO Capital Markets. JP Morgan maintained the shares of PAYX in report on Tuesday, March 27 with “Neutral” rating. On Tuesday, April 17 the stock rating was downgraded by Bank of America to “Hold”. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, March 27. The company was maintained on Monday, March 26 by RBC Capital Markets.

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 $25.99 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 28.06 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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