In today’s session Paychex, Inc. (PAYX) registered an unusually high (334) 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 334 contracts traded and 14104 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PAYX161216C00060000 closed last at: $0.25 or 0% . About 144,936 shares traded hands. Paychex, Inc. (NASDAQ:PAYX) has risen 10.14% since April 26, 2016 and is uptrending. It has outperformed by 4.88% the S&P500.
Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on December, 27. They expect $0.55 earnings per share, up 5.77% or $0.03 from last year’s $0.52 per share. PAYX’s profit will be $198.92M for 26.52 P/E if the $0.55 EPS becomes a reality. After $0.60 actual earnings per share reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.
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 -7.94% below today’s ($58.34) stock price. Paychex has been the topic of 11 analyst reports since August 14, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the stock with “Underperform” rating in Thursday, October 1 report. The firm has “Neutral” rating by Wedbush given on Friday, September 9. Sterne Agee CRT initiated the shares of PAYX in a report on Thursday, December 17 with “Neutral” rating. The firm has “Sell” rating by Citigroup given on Thursday, March 31. Citigroup maintained it with “Sell” rating and $53 target price in Thursday, September 29 report. Zacks downgraded the shares of PAYX in a report on Friday, September 4 to “Hold” rating. Bank of America downgraded the stock to “Underperform” rating in Thursday, January 7 report. Compass Point initiated the stock with “Sell” rating in Friday, April 15 report. The rating was maintained by JP Morgan with “Neutral” on Friday, August 14. The stock has “Buy” rating given by Argus Research on Thursday, December 24.
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 decreased to 1.06 in Q2 2016. Its down 0.17, from 1.23 in 2016Q1. The ratio turned negative, as 52 funds sold all Paychex, Inc. shares owned while 245 reduced positions. 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.
The Massachusetts-based Salem Incorporated has invested 0.69% in Paychex, Inc. (NASDAQ:PAYX). Adage Capital Partners Group Lc reported 473,246 shares or 0.08% of all its holdings. Creative Planning owns 22,080 shares or 0.01% of their US portfolio. Rodgers Brothers Inc holds 0.81% or 33,090 shares in its portfolio. Axa has 238,100 shares for 0.06% of their US portfolio. Old Second Retail Bank Of Aurora has invested 1.2% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). First Financial In accumulated 1,280 shares or 0.04% of the stock. Albert D Mason holds 47,682 shares or 1.65% of its portfolio. Marshwinds Advisory Com holds 0.42% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 14,597 shares. Moreover, Mcdonald Invsts Inc Ca has 12.74% invested in Paychex, Inc. (NASDAQ:PAYX) for 2.10 million shares. Cypress Group holds 2.14% or 153,858 shares in its portfolio. Sunbelt Secs Incorporated has invested 0% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Horizon Kinetics Ltd Com holds 8,309 shares or 0.01% of its portfolio. Wendell David Associates holds 0.65% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 55,270 shares. Hartford Mngmt Inc accumulated 18,031 shares or 0.63% of the stock.
Insider Transactions: Since June 16, 2016, the stock had 0 insider purchases, and 16 insider sales for $15.89 million net activity. Zaucha Laurie L. sold $320,265 worth of stock. On Friday, July 8 Vossler Jennifer R. sold $210,975 worth of the stock or 3,440 shares. Gibson John B sold $675,550 worth of stock or 11,450 shares. MUCCI MARTIN had sold 42,397 shares worth $2.60 million on Friday, July 8. DOODY JOSEPH had sold 44,441 shares worth $2.69 million. 3,438 shares were sold by Schaeffer Stephanie L, worth $210,853 on Friday, July 8. Another trade for 6,112 shares valued at $374,849 was sold by Bottini Mark Anthony.
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 $21.10 billion. The Firm also has activities in Germany. It has a 27.67 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 news for Paychex, Inc. (NASDAQ:PAYX) were recently published by: Forbes.com, which released: “Paychex is Oversold” on November 03, 2016. Investorplace.com‘s article titled: “3 Big Stock Charts: International Business Machines Corp. (IBM), Fiserv Inc …” and published on November 01, 2016 is yet another important article.
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