Paychex (PAYX) Receives Daily Coverage Optimism Score of 0.02
News stories about Paychex (NASDAQ:PAYX) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Paychex earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.4969856375004 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Technical news From Paychex, Inc. (PAYX) – Wall Street Morning (wallstreetmorning.com)
- Most Shocking Stock Movements: Rand Logistics, Inc. (RLOG), Paychex, Inc. (PAYX) – Market Movers (financialqz.com)
- Investors can’t just brush off: Rennova Health, Inc. (RNVA), Paychex, Inc. (PAYX) – Market Movers (financialqz.com)
- 3 Big Stock Charts for Wednesday: Intel Corporation, Paychex, Inc. and Applied Materials, Inc. – Investorplace.com (investorplace.com)
A number of brokerages have recently issued reports on PAYX. BidaskClub cut shares of Paychex from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 22nd. Bank of America cut shares of Paychex from a “buy” rating to a “neutral” rating and set a $73.00 price objective for the company. in a research note on Tuesday. Stifel Nicolaus restated a “hold” rating and issued a $68.00 price objective on shares of Paychex in a research note on Friday, December 22nd. Citigroup upgraded shares of Paychex from a “sell” rating to a “neutral” rating and set a $67.00 price objective for the company in a research note on Monday, December 4th. Finally, Royal Bank of Canada restated a “sell” rating and issued a $57.00 price objective on shares of Paychex in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the stock. Paychex has a consensus rating of “Hold” and an average target price of $61.87.
Paychex (NASDAQ:PAYX) traded down $0.28 on Wednesday, hitting $67.54. 1,883,783 shares of the stock traded hands, compared to its average volume of 2,130,000. Paychex has a fifty-two week low of $54.20 and a fifty-two week high of $70.39. The company has a market cap of $24,250.00, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 3.71 and a beta of 0.99.
Paychex (NASDAQ:PAYX) last posted its earnings results on Thursday, December 21st. The business services provider reported $0.59 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. Paychex had a net margin of 26.02% and a return on equity of 42.80%. The business had revenue of $826.50 million for the quarter, compared to analyst estimates of $823.48 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. analysts predict that Paychex will post 2.38 EPS for the current fiscal year.
In other Paychex news, VP John B. Gibson sold 6,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $63.70, for a total transaction of $382,200.00. Following the sale, the vice president now owns 21,758 shares of the company’s stock, valued at approximately $1,385,984.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael E. Gioja sold 34,311 shares of the stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $68.91, for a total transaction of $2,364,371.01. Following the sale, the insider now directly owns 63,374 shares in the company, valued at approximately $4,367,102.34. The disclosure for this sale can be found here. 11.70% of the stock is currently owned by corporate insiders.
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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.
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