Paychex, Inc. (PAYX) Analysts See $0.61 EPS

June 20, 2018 - By Hazel Jackson

Paychex, Inc. (NASDAQ:PAYX) LogoInvestors sentiment decreased to 0.84 in 2018 Q1. Its down 0.08, from 0.92 in 2017Q4. It is 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.
Parsons Cap Ri holds 0.26% in Paychex, Inc. (NASDAQ:PAYX) or 35,922 shares. Pineno Levin And Ford Asset Management reported 14,152 shares. Callahan Advisors Ltd Liability Company holds 127,625 shares. Fuller Thaler Asset Management holds 0.05% or 73,070 shares. 64,061 are owned by Shelton Capital Mngmt. Carlton Hofferkamp & Jenks Wealth Management Limited Liability Com reported 13,377 shares. Pennsylvania-based First Natl has invested 0.17% in Paychex, Inc. (NASDAQ:PAYX). 91,657 are held by Hightower Advsr Ltd. Dorsey & Whitney Trust Limited reported 0.05% stake. Nelson Van Denburg And Campbell Wealth Mngmt Group Incorporated Limited Co holds 0.01% in Paychex, Inc. (NASDAQ:PAYX) or 404 shares. Employees Retirement Of Texas owns 15,000 shares. Los Angeles Capital Equity Inc invested in 517,409 shares or 0.18% of the stock. Stock Yards Financial Bank invested 1.73% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Carroll Associates reported 2,270 shares or 0.02% of all its holdings. Liberty Mutual Asset Mngmt has invested 0.02% of its portfolio in Paychex, Inc. (NASDAQ:PAYX).

Since January 4, 2018, it had 0 insider buys, and 4 sales for $10.03 million activity. VELLI JOSEPH M sold $200,135 worth of Paychex, Inc. (NASDAQ:PAYX) on Friday, May 18. $682,900 worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Vossler Jennifer R. on Tuesday, January 16.

Analysts expect Paychex, Inc. (NASDAQ:PAYX) to report $0.61 EPS on June, 27 before the open.They anticipate $0.07 EPS change or 12.96 % from last quarter’s $0.54 EPS. PAYX’s profit would be $219.16M giving it 28.46 P/E if the $0.61 EPS is correct. After having $0.63 EPS previously, Paychex, Inc.’s analysts see -3.17 % EPS growth. It closed at $69.45 lastly. It is down 11.49% since June 20, 2017 and is uptrending. It has underperformed by 1.08% the S&P500.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Among 9 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Paychex has $71.0 highest and $6300 lowest target. $65.43’s average target is -5.79% below currents $69.45 stock price. Paychex had 16 analyst reports since December 21, 2017 according to SRatingsIntel. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Hold” rating by Stifel Nicolaus on Monday, March 26. The firm has “Hold” rating given on Thursday, December 21 by Stifel Nicolaus. The firm earned “Sell” rating on Monday, March 26 by RBC Capital Markets. The company was downgraded on Tuesday, January 9 by Bank of America. The stock has “Hold” rating by BMO Capital Markets on Monday, January 22. The rating was maintained by RBC Capital Markets on Thursday, December 21 with “Sell”. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Hold” rating by Bank of America on Tuesday, April 17. The rating was maintained by JP Morgan on Tuesday, March 27 with “Neutral”. The firm earned “Hold” rating on Monday, March 26 by Robert W. Baird. The firm earned “Hold” rating on Monday, March 26 by BMO 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 $24.95 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 29.94 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: Prnewswire.com which released: “Study: HR Sharpens Focus on Engagement, Company Culture” on June 18, 2018. Also Seekingalpha.com published the news titled: “Paychex Bolstered By Strong Labor Market” on June 18, 2018. Investorplace.com‘s news article titled: “20 Nasdaq-100 Stocks That Will Heat Up 2H18” with publication date: June 15, 2018 was also an interesting one.

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

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