Key Equity Analysts at Robert W. Baird Reiterate their ‘Hold’ rating for Paychex (NASDAQ:PAYX) Shares Today. Their Target Price per Share Given is $71.0

April 17, 2018 - By Adrian Mccoy

Paychex, Inc. (NASDAQ:PAYX) Logo

Investors 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.

Ubs Asset Mgmt Americas Inc owns 0.12% invested in Paychex, Inc. (NASDAQ:PAYX) for 2.15M shares. Southeast Asset Advsr Inc reported 34,670 shares stake. Da Davidson And holds 0.04% or 27,091 shares in its portfolio. Nordea Inv Mgmt has invested 0.01% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Ledyard Comml Bank, a New Hampshire-based fund reported 2,771 shares. Tocqueville Asset Mngmt L P holds 0.01% or 8,090 shares. Barclays Public Limited Liability stated it has 0.04% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Trust Of Virginia Va invested in 6,880 shares or 0.07% of the stock. State Of Wisconsin Investment Board holds 0.06% or 337,855 shares in its portfolio. Deutsche Bank & Trust Ag reported 683,252 shares. First National Bank & Trust Of Omaha reported 50,760 shares or 0.2% of all its holdings. Thomas Story Son Lc holds 15,670 shares. Shelton invested in 64,061 shares or 0.28% of the stock. Lpl Fin Llc holds 170,024 shares. Natl Asset Mngmt invested in 4,892 shares or 0.05% of the stock.

Since January 4, 2018, it had 0 insider buys, and 3 sales for $9.83 million activity. $6.78M worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Gioja Michael E.

Paychex (NASDAQ:PAYX) Rating Reaffirmed

Robert W. Baird now has a $71.0 target price per share on shares of Paychex (NASDAQ:PAYX). The target price per share indicates a potential upside of 16.15 % from the last price of Paychex (NASDAQ:PAYX). This rating was revealed to investors in a report on 21 December.

Investors 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.

Ubs Asset Mgmt Americas Inc owns 0.12% invested in Paychex, Inc. (NASDAQ:PAYX) for 2.15M shares. Southeast Asset Advsr Inc reported 34,670 shares stake. Da Davidson And holds 0.04% or 27,091 shares in its portfolio. Nordea Inv Mgmt has invested 0.01% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Ledyard Comml Bank, a New Hampshire-based fund reported 2,771 shares. Tocqueville Asset Mngmt L P holds 0.01% or 8,090 shares. Barclays Public Limited Liability stated it has 0.04% of its portfolio in Paychex, Inc. (NASDAQ:PAYX). Trust Of Virginia Va invested in 6,880 shares or 0.07% of the stock. State Of Wisconsin Investment Board holds 0.06% or 337,855 shares in its portfolio. Deutsche Bank & Trust Ag reported 683,252 shares. First National Bank & Trust Of Omaha reported 50,760 shares or 0.2% of all its holdings. Thomas Story Son Lc holds 15,670 shares. Shelton invested in 64,061 shares or 0.28% of the stock. Lpl Fin Llc holds 170,024 shares. Natl Asset Mngmt invested in 4,892 shares or 0.05% of the stock.

Since January 4, 2018, it had 0 insider buys, and 3 sales for $9.83 million activity. $6.78M worth of Paychex, Inc. (NASDAQ:PAYX) was sold by Gioja Michael E.

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 has $73.0 highest and $57.0 lowest target. $66.38’s average target is 8.59% above currents $61.13 stock price. Paychex had 20 analyst reports since November 13, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Monday, January 22 by BMO Capital Markets. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Sell” rating given on Monday, November 20 by RBC Capital Markets. The firm earned “Hold” rating on Thursday, December 21 by Stifel Nicolaus. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, March 27. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Hold” rating by RBC Capital Markets on Monday, April 2. The stock has “Hold” rating by Robert W. Baird on Monday, March 26. The firm has “Hold” rating given on Monday, March 26 by BMO Capital Markets. Citigroup maintained Paychex, Inc. (NASDAQ:PAYX) rating on Wednesday, March 28. Citigroup has “Neutral” rating and $64 target. The firm has “Sell” rating by RBC Capital Markets given on Monday, March 26. The company was downgraded on Tuesday, January 9 by Bank of America.

The stock decreased 1.78% or $1.11 during the last trading session, reaching $61.13. About 4.92 million shares traded or 108.91% up from the average. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since April 17, 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 $21.96 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 26.35 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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