In today’s session Paychex, Inc. (PAYX) registered an unusually high (1,517) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious PAYX increase. With 1,517 contracts traded and 23334 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PAYX161216C00057500 closed last at: $0.45 or 10% down. About 561,228 shares traded hands. Paychex, Inc. (NASDAQ:PAYX) has risen 1.03% since March 29, 2016 and is uptrending. It has underperformed by 2.45% the S&P500.
Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage
Out of 10 analysts covering Paychex (NASDAQ:PAYX), 1 rate it a “Buy”, 5 “Sell”, while 4 “Hold”. This means 10% are positive. $65 is the highest target while $44 is the lowest. The $53.71 average target is -2.52% below today’s ($55.1) stock price. Paychex has been the topic of 11 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Friday, August 14 by JP Morgan. The firm has “Neutral” rating given on Thursday, December 17 by Sterne Agee CRT. The stock has “Sell” rating given by Compass Point on Friday, April 15. Zacks downgraded the stock to “Hold” rating in Friday, September 4 report. RBC Capital Markets maintained the stock with “Underperform” rating in Thursday, October 1 report. Bank of America downgraded the stock to “Underperform” rating in Thursday, January 7 report. Argus Research maintained it with “Buy” rating and $59.0 target price in Thursday, December 24 report. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Neutral” rating given on Friday, September 9 by Wedbush. Citigroup maintained the shares of PAYX in a report on Thursday, March 31 with “Sell” rating. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Sell” rating given on Thursday, September 29 by Citigroup.
According to Zacks Investment Research, “Paychex, Inc. is a national provider of payroll, human resource, and employee benefit outsourcing solutions for small-to medium-sized businesses. The company has two reportable business segments: Payroll and Human Resource Services and Professional Employer Organization. Paychex’s Payroll segment is a national payroll processing and payroll tax preparation service provided to small-to medium-sized business. The Professional Employer Organization segment provides human resource products and services.”
Insitutional Activity: The institutional sentiment is 1.23 in 2016 Q2. Its the same as in 2016Q1. The ratio is flat, as 52 funds sold all Paychex, Inc. shares owned while 245 reduced positions. only 55 funds bought stakes while 311 increased positions. They now own 247.13 million shares or 0.02% less from 247.18 million shares in 2016Q1.
Cadence Mngmt Limited Liability Corporation, a Massachusetts-based fund reported 64,571 shares. Texas Permanent School Fund has 0.08% invested in the company for 103,986 shares. Charter Tru, a New Hampshire-based fund reported 18,589 shares. John G Ullman & Assoc Inc has invested 0.05% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Farmers & Merchants Invs reported 13,902 shares or 0.09% of all its holdings. Cobblestone Capital Advsr Limited Com Ny holds 47,583 shares or 0.4% of its portfolio. Hartford Invest Mngmt Communication owns 111,290 shares or 0.14% of their US portfolio. Exxonmobil Invest Mgmt Tx has 0.1% invested in the company for 82,963 shares. Legal General Public Ltd Company holds 0.12% or 1.91M shares in its portfolio. Bp Public Ltd Company owns 40,000 shares or 0.09% of their US portfolio. Morgan Dempsey Capital Mgmt Ltd Liability Corporation accumulated 0.89% or 44,095 shares. Engineers Gate Manager L P last reported 4,800 shares in the company. Blackrock Japan Limited last reported 455,177 shares in the company. Courier Capital holds 33,058 shares or 0.39% of its portfolio. Tributary Cap Mngmt Limited Com accumulated 0.56% or 64,200 shares.
Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 17 sales for $16.21 million net activity. On Friday, July 8 MUCCI MARTIN sold $2.60M worth of the stock or 42,397 shares. $210,853 worth of shares were sold by Schaeffer Stephanie L on Friday, July 8. Shares for $443,539 were sold by Gibson John B. Zaucha Laurie L. sold 26,605 shares worth $1.54 million. 44,441 shares were sold by DOODY JOSEPH, worth $2.69 million on Friday, July 22. 3,440 Paychex, Inc. (NASDAQ:PAYX) shares with value of $210,975 were sold by Vossler Jennifer R.. Bottini Mark Anthony sold $374,849 worth of stock.
Paychex, Inc. is a provider of integrated human capital management solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The company has a market cap of $19.85 billion. The Firm also has activities in Germany. It has a 26.14 P/E ratio. The Firm offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.
PAYX Company Profile
Paychex, Inc., incorporated on April 26, 1979, is a well-known 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 Firm also has activities in Germany. The Firm offers services, including Payroll processing, Human Resource Services and Accounting and Financial Services. As of May 31, 2016, the Company serviced approximately 605,000 payroll clients. It offers a portfolio of HCM services and products that allows its clients to meet their payroll and HR needs. The Company’s payroll-related ancillary services and human resource service (HRS) offerings often leverage the information gathered in the base payroll processing service, allowing it to provide outsourcing services covering the HCM spectrum. It also offers professional employer organization (PEO) services and provides insurance offerings through the Paychex Insurance Agency, Inc. (PIA).
More recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Bank of New York Mellon, Realty Income and Paychex” on October 26, 2016. Also Nasdaq.com published the news titled: “Paychex, Inc. (PAYX) Ex-Dividend Date Scheduled for October 28, 2016” on October 27, 2016. Prnewswire.com‘s news article titled: “The SurePayroll Small Business Scorecard®: Business Owners’ Mood Turns Dark” with publication date: October 25, 2016 was also an interesting one.
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