$0.59 EPS Expected for Paychex, Inc. (PAYX)

December 12, 2017 - By reb123z

 $0.59 EPS Expected for Paychex, Inc. (PAYX)
Investors sentiment is 1.03 in Q2 2017. Its the same as in 2017Q1. It is flat, as 45 investors sold Paychex, Inc. shares while 279 reduced holdings. only 68 funds opened positions while 265 raised stakes. 237.67 million shares or 1.25% less from 240.68 million shares in 2017Q1 were reported.
Salem Invest Counselors Inc has 0.01% invested in Paychex, Inc. (NASDAQ:PAYX) for 1,796 shares. Daiwa Gru accumulated 9,200 shares. Veritable L P holds 0.03% or 25,591 shares in its portfolio. Smithfield Trust has 0.04% invested in Paychex, Inc. (NASDAQ:PAYX) for 5,075 shares. Moreover, Pub Employees Retirement Association Of Colorado has 0.03% invested in Paychex, Inc. (NASDAQ:PAYX). Stock Yards Retail Bank & Tru reported 1.78% in Paychex, Inc. (NASDAQ:PAYX). Fjarde Ap holds 0.09% of its portfolio in Paychex, Inc. (NASDAQ:PAYX) for 76,357 shares. Holt Capital Advisors Llc Dba Holt Capital Ptnrs Ltd Partnership invested 0.62% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). 6,143 are owned by Texas National Bank Tx. Andra Ap has 0.47% invested in Paychex, Inc. (NASDAQ:PAYX). Da Davidson & reported 15,463 shares. Canada Pension Plan Inv Board holds 0.03% or 200,320 shares. Prudential Fincl Inc, New Jersey-based fund reported 441,111 shares. Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0.02% in Paychex, Inc. (NASDAQ:PAYX). Smithbridge Asset Mngmt De has 0.17% invested in Paychex, Inc. (NASDAQ:PAYX).

Analysts expect Paychex, Inc. (NASDAQ:PAYX) to report $0.59 EPS on December, 20.They anticipate $0.03 EPS change or 5.36 % from last quarter’s $0.56 EPS. PAYX’s profit would be $212.01 million giving it 29.25 P/E if the $0.59 EPS is correct. After having $0.62 EPS previously, Paychex, Inc.’s analysts see -4.84 % EPS growth. The stock increased 0.01% or $0.01 during the last trading session, reaching $69.02. About 2.35M shares traded or 15.63% up from the average. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since December 12, 2016 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), 2 have Buy rating, 2 Sell and 14 Hold. Therefore 11% are positive. Paychex had 37 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sell” on Wednesday, June 28. On Thursday, January 7 the stock rating was downgraded by Bank of America to “Underperform”. Robert W. Baird maintained the shares of PAYX in report on Tuesday, October 3 with “Hold” rating. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, October 3. The rating was initiated by Sterne Agee CRT on Thursday, December 17 with “Neutral”. The rating was maintained by RBC Capital Markets on Thursday, October 1 with “Underperform”. The stock has “Sell” rating by Citigroup on Thursday, March 31. RBC Capital Markets maintained the stock with “Underperform” rating in Thursday, December 22 report. RBC Capital Markets maintained the shares of PAYX in report on Sunday, September 10 with “Sell” rating. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, December 20.

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 $24.80 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 30.27 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 important recent Paychex, Inc. (NASDAQ:PAYX) news were published by: Businesswire.com which released: “Paychex, Inc. Schedules Second Quarter Fiscal 2018 Earnings Release Conference …” on December 07, 2017, also Prnewswire.com published article titled: “Paychex Recognized as Provider of Best HR Outsourcing for Small Businesses by …”, Bizjournals.com published: “40 Under 40: Juan Barbaran, Paychex Inc.; Juan of a Kind Foods” on November 14, 2017. More interesting news about Paychex, Inc. (NASDAQ:PAYX) was released by: Nasdaq.com and their article: “Here’s Why You Should Add Paychex (PAYX) to Your Portfolio” with publication date: December 11, 2017.

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.