Sentiment for Paychex Inc (NASDAQ:PAYX)
Paychex Inc (NASDAQ:PAYX) institutional sentiment increased to 1.15 in 2019 Q3. Its up 0.24, from 0.91 in 2019Q2. The ratio is better, as 361 funds increased and started new positions, while 314 reduced and sold their holdings in Paychex Inc. The funds in our partner’s database now possess: 238.51 million shares, down from 240.32 million shares in 2019Q2. Also, the number of funds holding Paychex Inc in their top 10 positions decreased from 17 to 13 for a decrease of 4. Sold All: 40 Reduced: 274 Increased: 269 New Position: 92.
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 $30.38 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 29.07 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.
The stock decreased 0.31% or $0.26 during the last trading session, reaching $84.87. About 31,917 shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 23.07% since December 9, 2018 and is uptrending. It has outperformed by 23.07% the S&P500.
Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on December, 18. They expect $0.68 EPS, up 4.62 % or $0.03 from last year’s $0.65 per share. PAYX’s profit will be $243.40M for 31.20 P/E if the $0.68 EPS becomes a reality. After $0.71 actual EPS reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -4.23 % negative EPS growth.
Mcdonald Capital Investors Inc Ca holds 11.68% of its portfolio in Paychex, Inc. for 1.67 million shares. Ensemble Capital Management Llc owns 541,653 shares or 6.29% of their US portfolio. Moreover, Parthenon Llc has 4.89% invested in the company for 275,983 shares. The Kansas-based Paragon Capital Management Llc has invested 4.57% in the stock. Guinness Asset Management Ltd, a United Kingdom-based fund reported 314,504 shares.
Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage
Ratings analysis reveals 0 of Paychex’s analysts are positive. Out of 2 Wall Street analysts rating Paychex, 0 give it “Buy”, 1 “Sell” rating, while 1 recommend “Hold”. The lowest target is $7400 while the high is $8400. The stock’s average target of $79 is -6.92% below today’s ($84.87) share price. PAYX was included in 6 notes of analysts from August 15, 2019. On Thursday, August 15 the stock rating was downgraded by Morgan Stanley to “Underweight”. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, October 7.
More notable recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Finance.Yahoo.com which released: “Is Paychex, Inc.’s (NASDAQ:PAYX) 42% ROE Better Than Average? – Yahoo Finance” on October 10, 2019, also Prnewswire.com with their article: “FORTUNE® Names Paychex Among the ‘Future 50’ Companies Best Positioned for Growth – PRNewswire” published on November 18, 2019, Nasdaq.com published: “Dollar Tree Is Counting on Family Dollar to Make It 4 In a Row – Nasdaq” on November 25, 2019. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Prnewswire.com and their article: “Small Business Wage Growth Hits New High, Job Growth Consistent in November – PRNewswire” published on December 03, 2019 as well as Nasdaq.com‘s news article titled: “Is Paychex (PAYX) Outperforming Other Business Services Stocks This Year? – Nasdaq” with publication date: November 14, 2019.
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