Were Analysts Bullish Paychex, Inc. (NASDAQ:PAYX) This Week?

Paychex, Inc. (NASDAQ:PAYX) Logo
Investors sentiment decreased to 0.94 in 2018 Q4. Its down 0.14, from 1.08 in 2018Q3. It dropped, as 46 investors sold Paychex, Inc. shares while 295 reduced holdings. 71 funds opened positions while 249 raised stakes. 239.62 million shares or 0.09% less from 239.85 million shares in 2018Q3 were reported.
4,881 were accumulated by Trust Department Mb Finance Savings Bank N A. Security Natl Tru Co holds 4,000 shares or 0.1% of its portfolio. Palo Cap Incorporated reported 1.5% in Paychex, Inc. (NASDAQ:PAYX). Dekabank Deutsche Girozentrale accumulated 172,171 shares. Motley Fool Wealth Management Lc has 23,987 shares for 0.12% of their portfolio. Drexel Morgan & invested in 0.45% or 6,890 shares. Massmutual Co Fsb Adv invested in 78,544 shares. Northern holds 5.56M shares or 0.1% of its portfolio. 14,500 are owned by Macquarie Group Inc Limited. Baxter Bros Inc invested in 104,422 shares or 1.85% of the stock. Nuwave Investment Limited Company reported 1,955 shares. Franklin Resources has 97,296 shares. Neuberger Berman Grp Ltd Company reported 820,923 shares stake. Sumitomo Mitsui Tru Inc holds 1.41M shares. Parthenon Ltd Llc owns 289,893 shares.

Since January 18, 2019, it had 0 insider buys, and 5 insider sales for $6.43 million activity. 10,000 Paychex, Inc. (NASDAQ:PAYX) shares with value of $749,800 were sold by Vossler Jennifer R.. The insider DOODY JOSEPH sold 11,489 shares worth $860,986.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Among 4 analysts covering Paychex (NASDAQ:PAYX), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Paychex had 5 analyst reports since November 26, 2018 according to SRatingsIntel. Bank of America upgraded Paychex, Inc. (NASDAQ:PAYX) rating on Tuesday, January 8. Bank of America has “Neutral” rating and $68 target. On Monday, March 25 the stock rating was maintained by Barclays Capital with “Hold”. Credit Suisse maintained the stock with “Outperform” rating in Thursday, March 28 report. The company was maintained on Monday, April 1 by Barclays Capital. Below is a list of Paychex, Inc. (NASDAQ:PAYX) latest ratings and price target changes.

01/04/2019 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $78 New Target: $80 Maintain
28/03/2019 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $82 New Target: $84 Maintain
25/03/2019 Broker: Barclays Capital Rating: Hold New Target: $78 Maintain
08/01/2019 Broker: Bank of America Old Rating: Underperform New Rating: Neutral Old Target: $64 New Target: $68 Upgrade
26/11/2018 Broker: Jefferies Rating: Hold New Target: $75.0000

The stock increased 1.08% or $0.91 during the last trading session, reaching $85.1. About 544,120 shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 20.38% since May 15, 2018 and is uptrending. It has outperformed by 16.01% 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 $30.58 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 32.11 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.

More notable recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Seekingalpha.com which released: “Paychex declares $0.62 dividend – Seeking Alpha” on May 03, 2019, also Nasdaq.com with their article: “Ex-Dividend Reminder: KLA-Tencor, Paychex and AGCO – Nasdaq” published on May 10, 2019, Prnewswire.com published: “NelsonHall Designates Paychex a “Leader” in Payroll Outsourcing for North America SMB Market – PRNewswire” on May 08, 2019. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Seekingalpha.com and their article: “Paychex reports EPS beat, reaffirms FY guide – Seeking Alpha” published on March 27, 2019 as well as Nasdaq.com‘s news article titled: “Paychex, Inc. (PAYX) Ex-Dividend Date Scheduled for May 14, 2019 – Nasdaq” with publication date: May 13, 2019.

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

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.