Analysts take a look at Paychex, Inc. (NASDAQ:PAYX) having this to say.

April 20, 2018 - By Louis Casey

Paychex, Inc. (NASDAQ:PAYX) LogoInvestors sentiment decreased to 0.92 in Q4 2017. Its down 0.10, from 1.02 in 2017Q3. It is negative, as 39 investors sold Paychex, Inc. shares while 306 reduced holdings. 93 funds opened positions while 226 raised stakes. 238.43 million shares or 0.16% less from 238.82 million shares in 2017Q3 were reported.
Mitsubishi Ufj Securities Communications Ltd has invested 0.08% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Axa holds 0.07% in Paychex, Inc. (NASDAQ:PAYX) or 259,354 shares. 122,122 are owned by Steinberg Global Asset Mngmt. Asset Management One Communication Ltd holds 0.08% in Paychex, Inc. (NASDAQ:PAYX) or 534,385 shares. Andra Ap accumulated 253,800 shares. Natl Bank Of Nova Scotia holds 0.02% or 57,777 shares in its portfolio. Dubuque National Bank & Trust & Tru reported 27 shares or 0% of all its holdings. Godshalk Welsh has invested 1.75% in Paychex, Inc. (NASDAQ:PAYX). Brookmont Capital invested 2.72% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Gotham Asset Mngmt Limited Liability Company stated it has 0.08% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Meyer Handelman accumulated 4,900 shares. Epoch Investment Ptnrs Incorporated reported 0.12% stake. Van Cleef Asset Managementinc holds 128,286 shares or 2.15% of its portfolio. Jolley Asset Mngmt Ltd Llc invested in 0.08% or 1,750 shares. National Bank Of Hawaii has invested 0.05% of its portfolio in Paychex, Inc. (NASDAQ:PAYX).

Since January 4, 2018, it had 0 insider buys, and 3 selling transactions for $9.83 million activity. The insider Vossler Jennifer R. sold 10,000 shares worth $682,900.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Among 9 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Paychex had 21 analyst reports since November 13, 2017 according to SRatingsIntel. The company was maintained on Tuesday, March 27 by JP Morgan. RBC Capital Markets upgraded the shares of PAYX in report on Monday, April 2 to “Hold” rating. The firm has “Hold” rating given on Tuesday, January 9 by Bank of America. RBC Capital Markets maintained the stock with “Sell” rating in Thursday, December 21 report. The rating was maintained by RBC Capital Markets on Monday, November 13 with “Sell”. As per Thursday, December 21, the company rating was maintained by Robert W. Baird. The firm has “Hold” rating by Bank of America given on Tuesday, April 17. BMO Capital Markets maintained it with “Hold” rating and $70.0 target in Monday, January 22 report. The firm has “Sell” rating given on Monday, March 26 by RBC Capital Markets. On Monday, March 26 the stock rating was maintained by BMO Capital Markets with “Hold”. Below is a list of Paychex, Inc. (NASDAQ:PAYX) latest ratings and price target changes.

17/04/2018 Broker: Bank of America Rating: Hold Downgrade
02/04/2018 Broker: Argus Research Rating: Buy
02/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $63.0000 Upgrade
28/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $67 New Target: $64 Maintain
27/03/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $75 New Target: $70 Maintain
26/03/2018 Broker: BMO Capital Markets Rating: Hold New Target: $63.0000 Maintain
27/03/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Neutral Old Target: $69 New Target: $65 Maintain
26/03/2018 Broker: Robert W. Baird Rating: Hold New Target: $67.0000 Maintain
26/03/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $66.0000 Maintain
26/03/2018 Broker: RBC Capital Markets Rating: Sell New Target: $63.0000 Maintain

The stock decreased 0.59% or $0.36 during the last trading session, reaching $60.57. About 1.79 million shares traded. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since April 20, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

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 $21.76 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 26.11 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.

Paychex, Inc. (NASDAQ:PAYX) Institutional Positions Chart

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