Paychex, Inc. (PAYX) EPS Estimated At $0.65

September 16, 2018 - By Joseph Norton

Paychex, Inc. (NASDAQ:PAYX) LogoInvestors sentiment increased to 1 in 2018 Q2. Its up 0.16, from 0.84 in 2018Q1. It improved, as 36 investors sold Paychex, Inc. shares while 280 reduced holdings. 83 funds opened positions while 234 raised stakes. 232.57 million shares or 2.68% less from 238.99 million shares in 2018Q1 were reported.
Amer Money Mgmt Ltd Limited Liability Company reported 2.09% stake. Maryland Cap Mgmt reported 0.27% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Salem Capital Management Incorporated accumulated 19,124 shares. Benjamin F Edwards, Missouri-based fund reported 9,129 shares. Donaldson Capital Ltd Company stated it has 2.45% in Paychex, Inc. (NASDAQ:PAYX). Schaper Benz And Wise Investment Counsel Wi stated it has 1.99% in Paychex, Inc. (NASDAQ:PAYX). Gamble Jones Inv Counsel holds 0.09% in Paychex, Inc. (NASDAQ:PAYX) or 12,587 shares. Old Republic holds 326,800 shares or 0.69% of its portfolio. Yhb Inv Advsr Incorporated invested in 59,439 shares or 0.66% of the stock. Bath Savings Tru stated it has 0.48% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Daiwa Securities Grp Inc invested in 0.01% or 10,881 shares. Whittier Trust reported 0.16% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Ledyard Bancshares, New Hampshire-based fund reported 2,530 shares. Nomura Asset Co has 183,670 shares. Teacher Retirement Of Texas reported 0.14% in Paychex, Inc. (NASDAQ:PAYX).

Since March 29, 2018, it had 0 buys, and 19 selling transactions for $23.62 million activity. Schaeffer Stephanie L also sold $2.40 million worth of Paychex, Inc. (NASDAQ:PAYX) on Friday, July 6. Shares for $3.47M were sold by Gibson John B. 4,000 shares valued at $282,040 were sold by Vossler Jennifer R. on Wednesday, August 15. Gioja Michael E sold $6.78M worth of stock or 110,000 shares. MUCCI MARTIN also sold $188,803 worth of Paychex, Inc. (NASDAQ:PAYX) shares. On Thursday, July 26 INMAN GRANT M sold $563,374 worth of Paychex, Inc. (NASDAQ:PAYX) or 7,853 shares.

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 $233.35 million giving it 28.61 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 0.35% or $0.26 during the last trading session, reaching $74.38. About 1.11M shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 27.44% since September 16, 2017 and is uptrending. It has outperformed by 11.82% 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. Citigroup maintained Paychex, Inc. (NASDAQ:PAYX) on Wednesday, March 28 with “Neutral” rating. RBC Capital Markets upgraded it to “Hold” rating and $6300 target in Monday, April 2 report. The firm has “Hold” rating given on Monday, March 26 by Stifel Nicolaus. The rating was maintained by RBC Capital Markets on Monday, March 26 with “Sell”. On Thursday, June 28 the stock rating was maintained by Citigroup with “Neutral”. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, June 28. The firm has “Underweight” rating given on Tuesday, August 14 by JP Morgan. The stock has “Hold” rating by BMO Capital Markets on Monday, March 26. Stifel Nicolaus maintained Paychex, Inc. (NASDAQ:PAYX) on Thursday, June 28 with “Hold” rating. The company was downgraded on Tuesday, April 17 by Bank of America.

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 $26.70 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 28.83 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 recent Paychex, Inc. (NASDAQ:PAYX) news were published by: which released: “Paychex: Premium Price Tag, But Solid ‘Starting Yield'” on September 04, 2018. Also published the news titled: “Report: Developing Opportunities within Anthera Pharmaceuticals, NRG Energy, Antares Pharma, El Pollo Loco …” on August 31, 2018.‘s news article titled: “Why Paycom Software Skyrocketed 46% Higher in August” with publication date: September 03, 2018 was also an interesting one.

Paychex, Inc. (NASDAQ:PAYX) Institutional Positions Chart

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