Paychex, Inc. (NASDAQ:PAYX) VP Jennifer R. Vossler sold 10,000 shares of Paychex stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $68.29, for a total value of $682,900.00. Following the completion of the sale, the vice president now directly owns 31,578 shares of the company’s stock, valued at approximately $2,156,461.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Paychex, Inc. (PAYX) opened at $69.64 on Thursday. The firm has a market capitalization of $25,000.00, a price-to-earnings ratio of 29.89, a P/E/G ratio of 3.65 and a beta of 0.99. Paychex, Inc. has a 52-week low of $54.20 and a 52-week high of $70.39.

Paychex (NASDAQ:PAYX) last released its earnings results on Thursday, December 21st. The business services provider reported $0.59 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. Paychex had a return on equity of 42.80% and a net margin of 26.02%. The company had revenue of $826.50 million for the quarter, compared to the consensus estimate of $823.48 million. During the same period in the previous year, the business earned $0.56 earnings per share. Paychex’s quarterly revenue was up 7.1% compared to the same quarter last year. analysts expect that Paychex, Inc. will post 2.38 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in PAYX. Janus Henderson Group PLC lifted its position in shares of Paychex by 4,105.7% in the second quarter. Janus Henderson Group PLC now owns 1,830,532 shares of the business services provider’s stock valued at $104,230,000 after acquiring an additional 1,787,007 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Paychex by 2,391.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,362,988 shares of the business services provider’s stock valued at $77,609,000 after acquiring an additional 1,308,288 shares in the last quarter. FMR LLC lifted its position in shares of Paychex by 6.2% in the second quarter. FMR LLC now owns 10,476,188 shares of the business services provider’s stock valued at $596,514,000 after acquiring an additional 610,088 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Paychex by 2.6% in the second quarter. Vanguard Group Inc. now owns 23,043,348 shares of the business services provider’s stock valued at $1,312,089,000 after acquiring an additional 589,880 shares in the last quarter. Finally, Koch Industries Inc. lifted its position in shares of Paychex by 13,529.1% in the second quarter. Koch Industries Inc. now owns 560,975 shares of the business services provider’s stock valued at $551,000 after acquiring an additional 556,859 shares in the last quarter. Institutional investors and hedge funds own 67.88% of the company’s stock.

Several equities analysts recently weighed in on PAYX shares. BidaskClub downgraded Paychex from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 22nd. Bank of America downgraded Paychex from a “buy” rating to a “neutral” rating and set a $73.00 target price on the stock. in a research report on Tuesday, January 9th. Stifel Nicolaus reiterated a “hold” rating and set a $68.00 target price on shares of Paychex in a research report on Friday, December 22nd. Citigroup upgraded Paychex from a “sell” rating to a “neutral” rating and set a $67.00 target price on the stock in a research report on Monday, December 4th. Finally, Royal Bank of Canada reiterated a “sell” rating and set a $57.00 target price on shares of Paychex in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $62.10.

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Paychex Company Profile

Paychex, Inc is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.

Insider Buying and Selling by Quarter for Paychex (NASDAQ:PAYX)

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