Paychex, Inc. (NASDAQ:PAYX – Get Rating) CEO John B. Gibson sold 194 shares of the stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of $120.31, for a total transaction of $23,340.14. Following the completion of the sale, the chief executive officer now directly owns 52,792 shares of the company’s stock, valued at approximately $6,351,405.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Paychex Stock Performance
Shares of PAYX opened at $118.42 on Wednesday. The business’s fifty day moving average price is $119.24 and its 200 day moving average price is $120.27. Paychex, Inc. has a 12-month low of $105.66 and a 12-month high of $141.92. The stock has a market capitalization of $42.69 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 3.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.30 and a quick ratio of 1.30.
Paychex (NASDAQ:PAYX – Get Rating) last posted its earnings results on Thursday, December 22nd. The business services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Paychex had a return on equity of 45.50% and a net margin of 30.45%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. Equities research analysts forecast that Paychex, Inc. will post 4.26 EPS for the current year.
Institutional Investors Weigh In On Paychex
Analysts Set New Price Targets
Several analysts have issued reports on PAYX shares. StockNews.com started coverage on shares of Paychex in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley decreased their price target on shares of Paychex from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Friday, December 23rd. Cowen raised their price target on shares of Paychex from $125.00 to $132.00 and gave the stock an “outperform” rating in a research report on Thursday, September 29th. Citigroup decreased their price target on shares of Paychex from $131.00 to $119.00 in a research report on Friday, December 23rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Paychex from $121.00 to $119.00 and set an “underweight” rating for the company in a research report on Friday, December 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $124.08.
Paychex Company Profile
Paychex, Inc provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.
- Get a free copy of the StockNews.com research report on Paychex (PAYX)
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