News coverage about Paychex (NASDAQ:PAYX) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paychex earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.4969856375004 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
A number of equities analysts have issued reports on PAYX shares. Stifel Nicolaus reaffirmed a “hold” rating and set a $68.00 price target on shares of Paychex in a research note on Friday, December 22nd. Royal Bank of Canada reaffirmed a “sell” rating and set a $57.00 price target on shares of Paychex in a research note on Wednesday, November 15th. BMO Capital Markets reissued a “hold” rating and set a $70.00 price objective on shares of Paychex in a research note on Wednesday, January 24th. BidaskClub raised Paychex from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 7th. Finally, Bank of America increased their target price on Paychex from $68.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $62.77.
Paychex (PAYX) opened at $66.55 on Friday. Paychex has a one year low of $54.20 and a one year high of $73.10. The company has a market cap of $24,514.41 and a PE ratio of 29.67.
Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Thursday, December 21st. The business services provider reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Paychex had a net margin of 26.02% and a return on equity of 42.80%. The firm had revenue of $826.50 million during the quarter, compared to analysts’ expectations of $823.48 million. During the same quarter in the previous year, the company posted $0.56 EPS. Paychex’s revenue was up 7.1% on a year-over-year basis. equities analysts forecast that Paychex will post 2.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date is Wednesday, January 31st. Paychex’s dividend payout ratio is presently 41.20%.
In other news, insider Michael E. Gioja sold 34,311 shares of the company’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $68.91, for a total value of $2,364,371.01. Following the sale, the insider now directly owns 63,374 shares of the company’s stock, valued at approximately $4,367,102.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jennifer R. Vossler sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $68.29, for a total transaction of $682,900.00. Following the completion of the sale, the vice president now directly owns 31,578 shares in the company, valued at $2,156,461.62. The disclosure for this sale can be found here. 11.70% of the stock is currently owned by 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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