Paychex Sees Unusually High Options Volume (PAYX)
Shares of Paychex (NASDAQ:PAYX) saw unusually large options trading on Monday. Stock traders acquired 9,157 call options on the stock, Stock Ratings Network reports. This represents an increase of 275% compared to the average volume of 2,442 call options.
A number of research firms have recently commented on PAYX. Analysts at UBS AG raised their price target on shares of Paychex (NASDAQ:PAYX) from $35.00 to $38.00 in a research note to investors on Thursday, August 29th. They now have a “neutral” rating on the stock. Separately, analysts at Argus initiated coverage on shares of Paychex (NASDAQ:PAYX) in a research note to investors on Wednesday, July 17th. They set a “hold” rating on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Paychex (NASDAQ:PAYX) in a research note to investors on Tuesday, July 9th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.25.
Paychex (NASDAQ:PAYX) traded up 0.72% on Monday, hitting $40.64. 3,234,238 shares of the company’s stock traded hands. Paychex has a one year low of $30.55 and a one year high of $41.24. The stock has a 50-day moving average of $39.82 and a 200-day moving average of $37.79. The company has a market cap of $14.855 billion and a P/E ratio of 25.87.
Paychex (NASDAQ:PAYX) last issued its quarterly earnings data on Tuesday, October 1st. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.01. The company had revenue of $597.90 million for the quarter, compared to the consensus estimate of $605.56 million. During the same quarter last year, the company posted $0.42 earnings per share. Paychex’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that Paychex will post $1.69 earnings per share for the current fiscal year.
Paychex, Inc is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses.
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