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

March 14, 2018 - By Vivian Park

 EPS for Paychex, Inc. (PAYX) Expected At $0.60
Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.01, from 1.03 in 2017Q2. It dived, 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.
Davenport & Lc holds 0.01% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 6,816 shares. South Texas Money Mgmt invested in 0.01% or 3,367 shares. Utah Retirement reported 59,021 shares or 0.08% of all its holdings. 17,327 are owned by Eqis Cap. Spectrum Management Grp holds 0.56% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 28,812 shares. Eastern State Bank stated it has 0.19% in Paychex, Inc. (NASDAQ:PAYX). Godshalk Welsh Capital Mgmt holds 27,720 shares. California Pub Employees Retirement System owns 816,386 shares for 0.07% of their portfolio. Evercore Wealth Mngmt Ltd Liability Corporation stated it has 13,062 shares. Shoker Counsel, a Ohio-based fund reported 22,298 shares. Employees Retirement Of Ohio accumulated 0.07% or 217,381 shares. Stadion Money Mgmt Lc stated it has 8,923 shares or 0.02% of all its holdings. Plante Moran Advsr Ltd Liability Company reported 2,145 shares or 0.08% of all its holdings. Naples Glob Advisors Lc invested in 35,789 shares. Arrowstreet Cap Partnership reported 0.09% of its portfolio in Paychex, Inc. (NASDAQ:PAYX).

Since September 25, 2017, it had 0 insider buys, and 7 insider sales for $8.57 million activity. Zaucha Laurie L. had sold 15,000 shares worth $930,000. Vossler Jennifer R. had sold 11,155 shares worth $703,546 on Friday, October 6. 34,311 shares valued at $2.36 million were sold by Gioja Michael E on Thursday, January 4.

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 27.45 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 1.24% or $0.83 during the last trading session, reaching $65.89. About 1.18M shares traded. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since March 14, 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. The firm has “Neutral” rating given on Thursday, December 17 by Sterne Agee CRT. The company was maintained on Monday, November 20 by RBC Capital Markets. The stock has “Sell” rating by RBC Capital Markets on Thursday, December 21. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Wednesday, August 16. The rating was maintained by BMO Capital Markets on Wednesday, October 4 with “Market Perform”. The company was downgraded on Thursday, January 7 by Bank of America. On Tuesday, October 3 the stock rating was maintained by Robert W. Baird with “Hold”. On Friday, September 4 the stock rating was downgraded by Zacks to “Hold”. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Neutral” rating given on Friday, September 9 by Wedbush. The rating was maintained by Bank of America with “Buy” on Wednesday, October 4.

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 $23.67 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 28.4 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: Prnewswire.com which released: “A Legacy of Learning: Paychex Ranks Among Top 125 Training Organizations for …” on February 16, 2018, also Bizjournals.com with their article: “Second headquarters coming to Phoenix for New York financial, payroll firm” published on March 14, 2018, Prnewswire.com published: “Paychex Acquires Lessor Group” on March 01, 2018. More interesting news about Paychex, Inc. (NASDAQ:PAYX) were released by: Businesswire.com and their article: “Paychex, Inc. Schedules Third Quarter Fiscal 2018 Earnings Release Conference …” published on March 08, 2018 as well as Valuewalk.com‘s news article titled: “Paychex, Inc. (PAYX) Fundamental Valuation Report” with publication date: March 14, 2018.

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