$0.60 EPS Expected for Paychex, Inc. (PAYX)

March 19, 2018 - By Michael Collier

 $0.60 EPS Expected for Paychex, Inc. (PAYX)
Investors sentiment decreased to 1.02 in 2017 Q3. 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.
Mastrapasqua Asset Management holds 91,741 shares. Griffin Asset has 19,784 shares for 0.21% of their portfolio. Ngam Advisors Lp owns 18,022 shares for 0.01% of their portfolio. New Jersey-based Private Advisor Limited Liability Com has invested 0.06% in Paychex, Inc. (NASDAQ:PAYX). Axa accumulated 259,299 shares. New York-based Forte Capital Ltd Liability Corporation Adv has invested 0.63% in Paychex, Inc. (NASDAQ:PAYX). American Cap Mgmt invested in 44,634 shares. Great Lakes Advsr Ltd Com reported 21,312 shares. Wellington Mgmt Group Limited Liability Partnership reported 5,481 shares or 0% of all its holdings. 4,570 are held by Leavell Invest Management. Granite Invest Ptnrs Limited has invested 0.03% in Paychex, Inc. (NASDAQ:PAYX). Alphamark Lc accumulated 78 shares. Moreover, John G Ullman Associates has 0.04% invested in Paychex, Inc. (NASDAQ:PAYX). Security Natl Tru invested in 0.08% or 4,000 shares. Yhb Invest reported 59,841 shares stake.

Since September 25, 2017, it had 0 insider purchases, and 7 insider sales for $8.57 million activity. Zaucha Laurie L. also sold $900,000 worth of Paychex, Inc. (NASDAQ:PAYX) on Monday, September 25. Another trade for 29,786 shares valued at $1.88 million was made by MUCCI MARTIN on Thursday, October 5. Another trade for 10,000 shares valued at $682,900 was sold by Vossler Jennifer R..

Analysts expect Paychex, Inc. (NASDAQ:PAYX) to report $0.60 EPS on March, 26 before the open.They anticipate $0.05 EPS change or 9.09 % from last quarter’s $0.55 EPS. PAYX’s profit would be $215.51 million giving it 27.56 P/E if the $0.60 EPS is correct. After having $0.59 EPS previously, Paychex, Inc.’s analysts see 1.69 % EPS growth. The stock decreased 0.38% or $0.25 during the last trading session, reaching $66.15. About 3.15M shares traded or 43.26% up from the average. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since March 19, 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. BMO Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) on Wednesday, October 4 with “Market Perform” rating. BMO Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) on Friday, August 18 with “Hold” rating. The rating was maintained by Robert W. Baird with “Hold” on Tuesday, October 3. The rating was initiated by Sterne Agee CRT on Thursday, December 17 with “Neutral”. Zacks downgraded the shares of PAYX in report on Friday, September 4 to “Hold” rating. The firm has “Hold” rating by BMO Capital Markets given on Monday, January 22. Stifel Nicolaus maintained Paychex, Inc. (NASDAQ:PAYX) on Wednesday, June 28 with “Hold” rating. BMO Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) on Wednesday, June 28 with “Hold” rating. The firm has “Hold” rating by Robert W. Baird given on Monday, September 11. RBC Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) on Thursday, December 22 with “Underperform” rating.

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 $23.76 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 28.51 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.