Here’s how analysts see Paychex, Inc. (NASDAQ:PAYX) after this past week.

January 18, 2018 - By Darrin Black

 Here's how analysts see Paychex, Inc. (NASDAQ:PAYX) after this past week.
Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.01, from 1.03 in 2017Q2. It dived, 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.
Drexel Morgan Co holds 0.55% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 8,872 shares. Laffer Investments has invested 0.65% in Paychex, Inc. (NASDAQ:PAYX). First Interstate Bankshares holds 0.11% or 8,470 shares. Thompson Davis invested in 0.04% or 342 shares. Oakworth Cap Incorporated reported 5,544 shares. Fuller And Thaler Asset Management Inc invested 0% in Paychex, Inc. (NASDAQ:PAYX). Buckingham Mngmt invested 0.01% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Valley National Advisers stated it has 293 shares. Korea Inv, Korea-based fund reported 70,320 shares. Hills Comml Bank owns 4,004 shares or 0.08% of their US portfolio. Pinnacle Fincl Ptnrs has 0.03% invested in Paychex, Inc. (NASDAQ:PAYX) for 4,300 shares. Point72 Asset Mgmt Lp reported 94,800 shares stake. Atwood Palmer accumulated 12,887 shares. Burney Co owns 0.15% invested in Paychex, Inc. (NASDAQ:PAYX) for 41,602 shares. Retirement System Of Alabama stated it has 155,184 shares or 0.05% of all its holdings.

Since September 25, 2017, it had 0 buys, and 7 selling transactions for $8.57 million activity. MUCCI MARTIN sold 29,786 shares worth $1.88M. On Thursday, January 4 Gioja Michael E sold $2.36 million worth of Paychex, Inc. (NASDAQ:PAYX) or 34,311 shares. The insider Vossler Jennifer R. sold 11,155 shares worth $703,546.

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 43 analyst reports since August 14, 2015 according to SRatingsIntel. JP Morgan maintained the shares of PAYX in report on Friday, August 14 with “Neutral” rating. The company was maintained on Monday, November 13 by RBC Capital Markets. RBC Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) rating on Thursday, December 21. RBC Capital Markets has “Sell” rating and $65.0 target. BMO Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) rating on Friday, August 18. BMO Capital Markets has “Hold” rating and $60.0 target. The rating was upgraded by Goldman Sachs on Friday, December 16 to “Buy”. The stock has “Hold” rating by BMO Capital Markets on Wednesday, June 28. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Hold” rating given on Friday, September 4 by Zacks. RBC Capital Markets maintained it with “Underperform” rating and $54 target in Thursday, December 22 report. The firm earned “Equal-Weight” rating on Wednesday, August 16 by Morgan Stanley. As per Monday, November 20, the company rating was maintained by RBC Capital Markets. Below is a list of Paychex, Inc. (NASDAQ:PAYX) latest ratings and price target changes.

09/01/2018 Broker: Bank of America Rating: Hold Downgrade
21/12/2017 Broker: Robert W. Baird Rating: Hold New Target: $71.0 Maintain
21/12/2017 Broker: Stifel Nicolaus Rating: Hold New Target: $68.0 Maintain
21/12/2017 Broker: RBC Capital Markets Rating: Sell New Target: $65.0 Maintain
21/12/2017 Broker: BMO Capital Markets Rating: Hold New Target: $68.0 Maintain
15/12/2017 Broker: Barclays Capital Rating: Hold New Target: $68.0
05/12/2017 Broker: Bank of America Rating: Buy New Target: $73.0
04/12/2017 Broker: Citigroup Rating: Hold New Target: $67.0 Upgrade
20/11/2017 Broker: RBC Capital Markets Rating: Sell New Target: $59.0 Maintain
13/11/2017 Broker: RBC Capital Markets Rating: Sell New Target: $57.0 Maintain

The stock increased 2.02% or $1.38 during the last trading session, reaching $69.64. About 2.62 million shares traded or 35.75% up from the average. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since January 18, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

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 $25.01 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 30.02 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: Businesswire.com which released: “Paychex, Inc. Reports Second Quarter Results” on December 21, 2017, also Bizjournals.com with their article: “Payroll firm nabs award for risk management” published on December 28, 2017, Nasdaq.com published: “Paychex Inc. Reveals 7% Rise In Q2 Earnings” on December 21, 2017. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Prnewswire.com and their article: “Within Hours of Release, Paychex Updates HCM Platform to Reflect New 2018 …” published on January 12, 2018 as well as Prnewswire.com‘s news article titled: “Paychex Receives 2017 Silver Alexander Hamilton Award for Excellence in …” with publication date: December 27, 2017.

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