EPS for Paychex, Inc. (PAYX) Expected At $0.59

March 14, 2018 - By Adrian Erickson

 EPS for Paychex, Inc. (PAYX) Expected At $0.59
Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.01, from 1.03 in 2017Q2. It turned negative, as 57 investors sold Paychex, Inc. shares while 263 reduced holdings. 65 funds opened positions while 260 raised stakes. 238.82 million shares or 0.48% more from 237.67 million shares in 2017Q2 were reported.
Eaton Vance Management reported 735,291 shares. The Virginia-based Investment Management Of Virginia Ltd Liability Corp has invested 0.05% in Paychex, Inc. (NASDAQ:PAYX). Hollencrest Secs Lc holds 3,525 shares or 0.03% of its portfolio. Wellington Group Inc Limited Liability Partnership owns 5,481 shares. Quantitative Systematic Strategies Ltd Company holds 0.49% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 30,685 shares. Advisors Cap Lc stated it has 202,582 shares or 0.98% of all its holdings. Bontempo Ohly Mngmt Ltd Company reported 32,551 shares. Moreover, Guardian Capital Lp has 0.13% invested in Paychex, Inc. (NASDAQ:PAYX). Ontario Teachers Pension Plan Board invested in 135,486 shares or 0.11% of the stock. Dowling Yahnke Limited Com holds 0.04% in Paychex, Inc. (NASDAQ:PAYX) or 7,233 shares. Keybank Association Oh accumulated 11,530 shares or 0% of the stock. 19,632 are held by Kentucky Retirement Systems. New York State Common Retirement Fund accumulated 0.07% or 944,900 shares. Adage Prtnrs Grp Lc has 125,046 shares for 0.02% of their portfolio. Whittier Trust Co Of Nevada has 30,761 shares for 0.17% of their portfolio.

Since September 25, 2017, it had 0 buys, and 7 selling transactions for $8.57 million activity. Gioja Michael E had sold 34,311 shares worth $2.36M. On Tuesday, October 3 the insider Zaucha Laurie L. sold $930,000. Vossler Jennifer R. sold $682,900 worth of stock or 10,000 shares.

Analysts expect Paychex, Inc. (NASDAQ:PAYX) to report $0.59 EPS on April, 4.They anticipate $0.04 EPS change or 7.27 % from last quarter’s $0.55 EPS. PAYX’s profit would be $211.92M giving it 28.27 P/E if the $0.59 EPS is correct. After having $0.59 EPS previously, Paychex, Inc.’s analysts see 0.00 % EPS growth. The stock increased 0.33% or $0.22 during the last trading session, reaching $66.72. About 1.64 million shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since March 14, 2017 and is uptrending. It has underperformed by 5.48% the S&P500.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Among 18 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 2 Sell and 15 Hold. Therefore 6% are positive. Paychex had 44 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Hold” rating by Citigroup on Monday, December 4. The rating was maintained by Bank of America with “Buy” on Wednesday, October 4. The firm earned “Sell” rating on Friday, April 15 by Compass Point. As per Thursday, December 24, the company rating was maintained by Argus Research. The firm has “Neutral” rating given on Friday, August 14 by JP Morgan. BMO Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) rating on Wednesday, June 28. BMO Capital Markets has “Hold” rating and $6000 target. The firm earned “Sell” rating on Thursday, December 22 by Compass Point. The firm has “Hold” rating given on Thursday, December 21 by Robert W. Baird. The company was maintained on Tuesday, October 3 by Stifel Nicolaus. On Wednesday, October 4 the stock rating was maintained by Wells Fargo with “Market Perform”.

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 $23.97 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 28.76 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.

More recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Businesswire.com which released: “Paychex, Inc. Schedules Third Quarter Fiscal 2018 Earnings Release Conference …” on March 08, 2018. Also Prnewswire.com published the news titled: “Paychex Acquires Lessor Group” on March 01, 2018. Prnewswire.com‘s news article titled: “A Legacy of Learning: Paychex Ranks Among Top 125 Training Organizations for …” with publication date: February 16, 2018 was also an interesting one.

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