Paychex, Inc. (NASDAQ:PAYX) VP Jennifer R. Vossler sold 11,155 shares of Paychex stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $63.07, for a total transaction of $703,545.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Paychex, Inc. (PAYX) opened at 63.71 on Wednesday. The stock has a 50 day moving average of $58.74 and a 200 day moving average of $58.22. The stock has a market cap of $22.90 billion, a PE ratio of 28.32 and a beta of 0.98. Paychex, Inc. has a 12 month low of $52.78 and a 12 month high of $64.08.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Tuesday, October 3rd. The business services provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. Paychex had a net margin of 26.01% and a return on equity of 43.01%. The business had revenue of $816.80 million during the quarter, compared to analyst estimates of $816.34 million. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts anticipate that Paychex, Inc. will post $2.38 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Paychex, Inc. (PAYX) VP Jennifer R. Vossler Sells 11,155 Shares of Stock” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/10/11/paychex-inc-payx-vp-jennifer-r-vossler-sells-11155-shares-of-stock.html.

Several hedge funds and other institutional investors have recently bought and sold shares of PAYX. Northwest Quadrant Wealth Management LLC lifted its stake in Paychex by 0.6% in the first quarter. Northwest Quadrant Wealth Management LLC now owns 3,923 shares of the business services provider’s stock worth $228,000 after acquiring an additional 24 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Paychex by 4.3% in the first quarter. Pacer Advisors Inc. now owns 10,174 shares of the business services provider’s stock worth $599,000 after acquiring an additional 417 shares during the last quarter. Shelton Capital Management lifted its stake in Paychex by 72.6% in the first quarter. Shelton Capital Management now owns 102,276 shares of the business services provider’s stock worth $6,024,000 after acquiring an additional 43,033 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Paychex by 314.1% in the first quarter. JPMorgan Chase & Co. now owns 1,001,929 shares of the business services provider’s stock worth $59,014,000 after acquiring an additional 759,973 shares during the last quarter. Finally, Burney Co. lifted its stake in Paychex by 28.9% in the first quarter. Burney Co. now owns 40,717 shares of the business services provider’s stock worth $2,398,000 after acquiring an additional 9,135 shares during the last quarter. 67.31% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on PAYX shares. Bank of America Corporation lifted their price target on shares of Paychex from $64.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. BidaskClub raised shares of Paychex from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. William Blair cut shares of Paychex from an “outperform” rating to a “market perform” rating in a research report on Friday, July 21st. 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 report on Wednesday, October 4th. Finally, Morgan Stanley raised shares of Paychex from an “underweight” rating to an “equal weight” rating and set a $55.00 price objective for the company in a research report on Wednesday, August 16th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. Paychex presently has an average rating of “Hold” and an average target price of $60.07.

About Paychex

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)

Receive News & Ratings for Paychex Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paychex Inc. and related companies with MarketBeat.com's FREE daily email newsletter.