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Paychex (NASDAQ:PAYX) has received a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, StockRatingsNetwork.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $41.00.

PAYX has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Paychex in a research note on Thursday. They now have a $40.00 price target on the stock, up previously from $38.00. Separately, analysts at Citigroup Inc. reiterated an “in-line” rating on shares of Paychex in a research note on Thursday. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of Paychex in a research note on Thursday. They now have a $44.00 price target on the stock, down previously from $47.00.

Paychex (NASDAQ:PAYX) traded up 0.46% during mid-day trading on Thursday, hitting $41.34. The stock had a trading volume of 812,063 shares. Paychex has a 1-year low of $36.80 and a 1-year high of $45.95. The stock’s 50-day moving average is $41.10 and its 200-day moving average is $42.00. The company has a market cap of $15.037 billion and a P/E ratio of 24.94. Paychex also was the recipient of a significant increase in short interest during the month of June. As of June 13th, there was short interest totalling 17,181,235 shares, an increase of 11.8% from the May 30th total of 15,363,470 shares. Based on an average daily trading volume, of 1,579,637 shares, the short-interest ratio is presently 10.9 days. Currently, 5.3% of the company’s shares are sold short.

Paychex (NASDAQ:PAYX) last released its earnings data on Tuesday, July 1st. The company reported $0.40 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.40. The company had revenue of $639.00 million for the quarter, compared to the consensus estimate of $617.35 million. During the same quarter last year, the company posted $0.38 earnings per share. Paychex’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Paychex will post $1.84 EPS 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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