Paychex (PAYX) Earning Somewhat Negative Press Coverage, Study Finds
News coverage about Paychex (NASDAQ:PAYX) has trended somewhat negative recently, according to Accern. Accern rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paychex earned a news impact score of 0.00 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 46.5453100053525 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Top Dividend Growth Stock Paychex, Inc. Announces Quarterly Cash Dividend (incomeinvestors.com)
- Paychex CEO: Small businesses are feeling good about tax … (finance.yahoo.com)
- Short Term Technical Analysis: TherapeuticsMD, Inc. (TXMD), Paychex, Inc. (PAYX) – Market Movers (financialqz.com)
- Paychex, Inc. (PAYX) Stock Recap – Wall Street Morning (wallstreetmorning.com)
- Coming Out Of Shadows? Marriott International, Inc. (MAR), Paychex, Inc. (PAYX) – Market Movers (financialqz.com)
Shares of Paychex (PAYX) traded up $0.21 during trading hours on Monday, reaching $69.70. 1,673,404 shares of the company were exchanged, compared to its average volume of 2,219,293. The company has a market capitalization of $25,020.00, a PE ratio of 29.91, a price-to-earnings-growth ratio of 3.75 and a beta of 0.99. Paychex has a fifty-two week low of $54.20 and a fifty-two week high of $70.39.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.87%. Paychex’s payout ratio is presently 60.94%.
A number of research analysts recently issued reports on PAYX shares. Bank of America lifted their price objective on shares of Paychex from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and issued a $68.00 price objective on shares of Paychex in a research note on Friday, December 22nd. Royal Bank of Canada reissued an “underperform” rating and issued a $57.00 price objective (up from $54.00) on shares of Paychex in a research note on Wednesday, October 4th. BidaskClub raised shares of Paychex from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 7th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $59.00 price objective (up from $55.00) on shares of Paychex in a research note on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $62.10.
In other Paychex news, insider Michael E. Gioja sold 34,311 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $68.91, for a total transaction of $2,364,371.01. Following the sale, the insider now owns 63,374 shares of the company’s stock, valued at $4,367,102.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jennifer R. Vossler sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $68.29, for a total transaction of $682,900.00. Following the sale, the vice president now directly owns 31,578 shares in the company, valued at approximately $2,156,461.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,311 shares of company stock worth $3,429,471. Insiders own 11.70% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Paychex (PAYX) Earning Somewhat Negative Press Coverage, Study Finds” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2018/01/22/paychex-payx-earning-somewhat-negative-press-coverage-study-finds.html.
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.
Receive News & Ratings for Paychex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paychex and related companies with MarketBeat.com's FREE daily email newsletter.