Paychex, Inc. (PAYX) EPS Estimated At $0.61

May 25, 2018 - By Richard Conner

Paychex, Inc. (NASDAQ:PAYX) LogoInvestors sentiment decreased to 0.92 in Q4 2017. Its down 0.10, from 1.02 in 2017Q3. It dropped, 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.
Asset Mngmt has 0.05% invested in Paychex, Inc. (NASDAQ:PAYX). Howe & Rusling invested in 0.15% or 12,327 shares. Seaward Management Partnership stated it has 12,217 shares or 0.04% of all its holdings. Sandy Spring Bancshares holds 0% or 195 shares in its portfolio. Invest House Lc invested in 1.15% or 138,509 shares. Natl Pension holds 0.12% in Paychex, Inc. (NASDAQ:PAYX) or 348,021 shares. California Pub Employees Retirement has 850,877 shares. Landscape Mngmt Ltd Liability Corporation holds 0.08% or 12,880 shares. Hsbc Holdg Public Ltd holds 574,532 shares. Covenant Multifamily Offices Ltd Liability Corp accumulated 950 shares or 0.04% of the stock. Moreover, Kistler has 0.01% invested in Paychex, Inc. (NASDAQ:PAYX) for 301 shares. Los Angeles Management & Equity Rech Inc holds 0.16% or 438,424 shares. Karpus owns 4,690 shares or 0.01% of their US portfolio. 7,591 were accumulated by Oppenheimer. Susquehanna Intll Group Ltd Liability Partnership owns 43,900 shares.

Since January 4, 2018, it had 0 insider buys, and 4 sales for $10.03 million activity. VELLI JOSEPH M sold 3,079 shares worth $200,135. $682,900 worth of stock was sold by Vossler Jennifer R. on Tuesday, January 16.

Analysts expect Paychex, Inc. (NASDAQ:PAYX) to report $0.61 EPS on June, 27.They anticipate $0.07 EPS change or 12.96 % from last quarter’s $0.54 EPS. PAYX’s profit would be $219.16M giving it 27.01 P/E if the $0.61 EPS is correct. After having $0.63 EPS previously, Paychex, Inc.’s analysts see -3.17 % EPS growth. The stock increased 0.05% or $0.03 during the last trading session, reaching $65.9. About 922,715 shares traded. Paychex, Inc. (NASDAQ:PAYX) has declined 1.72% since May 25, 2017 and is downtrending. It has underperformed by 13.27% the S&P500.

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 had 19 analyst reports since December 4, 2017 according to SRatingsIntel. The rating was upgraded by RBC Capital Markets on Monday, April 2 to “Hold”. The firm earned “Hold” rating on Thursday, December 21 by BMO Capital Markets. As per Thursday, December 21, the company rating was maintained by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Sell” rating in Thursday, December 21 report. The stock has “Hold” rating by BMO Capital Markets on Monday, January 22. Robert W. Baird maintained Paychex, Inc. (NASDAQ:PAYX) rating on Monday, March 26. Robert W. Baird has “Hold” rating and $6700 target. The firm earned “Hold” rating on Tuesday, January 9 by Bank of America. The firm earned “Sell” rating on Monday, March 26 by RBC Capital Markets. The company was upgraded on Monday, December 4 by Citigroup. The firm earned “Neutral” rating on Tuesday, March 27 by JP Morgan.

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 $23.68 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 28.41 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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