News stories about Paychex (NASDAQ:PAYX) have trended somewhat positive recently, according to AlphaOne. The research group, a division of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paychex earned a news impact score of 0.02 on AlphaOne’s scale. AlphaOne also gave press coverage about the business services provider an impact score of 74 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted AlphaOne Sentiment Analysis’s analysis:
- Paychex, Inc. (NasdaqGS:PAYX) Quant Update & Trader Valuation – Lenox Ledger (lenoxledger.com)
- Paychex, Inc. (NasdaqGS:PAYX) Value Score in Focus – Lenox Ledger (lenoxledger.com)
- The Thomas Story & Son LLC Maintains Position in Paychex, Inc. (PAYX) – BangaloreWeekly (bangaloreweekly.com)
- Paychex Small Business Snapshot: Survey Shows Most Preferred Method of Tracking Time Worked is Online (finance.yahoo.com)
- The Paychex, Inc. (PAYX) is Grandfield & Dodd LLC’s 6th Largest Position – BangaloreWeekly (bangaloreweekly.com)
PAYX has been the subject of several recent research reports. Jefferies Group LLC reiterated a “sell” rating and set a $50.00 price target on shares of Paychex in a report on Tuesday, March 21st. BMO Capital Markets decreased their price target on Paychex from $61.00 to $60.00 and set a “market perform” rating for the company in a report on Thursday, March 30th. Finally, Royal Bank of Canada set a $55.00 price target on Paychex and gave the stock a “sell” rating in a report on Saturday, January 21st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $59.31.
Shares of Paychex (NASDAQ:PAYX) traded up 0.02% on Friday, hitting $57.44. The stock had a trading volume of 1,083,173 shares. The stock has a 50 day moving average of $58.38 and a 200-day moving average of $59.41. Paychex has a 12 month low of $51.71 and a 12 month high of $63.03. The stock has a market cap of $20.64 billion, a PE ratio of 26.11 and a beta of 0.86.
Paychex (NASDAQ:PAYX) last posted its earnings results on Wednesday, March 29th. The business services provider reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.01. The business had revenue of $795.80 million during the quarter, compared to analyst estimates of $799.08 million. Paychex had a return on equity of 41.00% and a net margin of 25.40%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.50 EPS. Equities research analysts anticipate that Paychex will post $2.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Wednesday, May 10th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Monday, May 8th. Paychex’s payout ratio is 85.58%.
In other Paychex news, Director Grant M. Inman sold 10,654 shares of Paychex stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $57.75, for a total value of $615,268.50. Following the completion of the sale, the director now owns 32,514 shares of the company’s stock, valued at approximately $1,877,683.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jennifer R. Vossler sold 10,000 shares of Paychex stock in a transaction on Friday, May 5th. The stock was sold at an average price of $58.76, for a total value of $587,600.00. Following the completion of the sale, the vice president now directly owns 33,483 shares of the company’s stock, valued at approximately $1,967,461.08. The disclosure for this sale can be found here. In the last three months, insiders sold 64,654 shares of company stock valued at $3,827,829. Corporate insiders own 11.60% of the company’s stock.
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Paychex, Inc is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.
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