Paychex Insider Stephanie L. Schaeffer 1,184 Shares (PAYX)
Paychex (NASDAQ:PAYX) Insider Stephanie L. Schaeffer 1,184 shares of the stock on the open market in a transaction that occurred on Wednesday, July 9th. Following the , the insider now directly owns 33,626 shares in the company, valued at approximately $1,402,204. The was disclosed in a document filed with the SEC, which is available at this link.
Paychex (NASDAQ:PAYX) traded up 0.01% on Friday, hitting $41.92. The stock had a trading volume of 1,428,476 shares. Paychex has a 1-year low of $36.80 and a 1-year high of $45.95. The stock has a 50-day moving average of $41.29 and a 200-day moving average of $41.89. The company has a market cap of $15.217 billion and a price-to-earnings ratio of 24.51.
Paychex (NASDAQ:PAYX) last posted its quarterly earnings results on Tuesday, July 1st. The company reported $0.40 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that Paychex will post $1.84 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, July 30th. This is an increase from Paychex’s previous quarterly dividend of $0.35.
A number of research firms have recently commented on PAYX. Analysts at Goldman Sachs initiated coverage on shares of Paychex in a research note on Tuesday. They set a “conviction-buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Paychex in a research note on Thursday, July 3rd. They now have a $40.00 price target on the stock, up previously from $38.00. Finally, analysts at Citigroup Inc. reiterated an “in-line” rating on shares of Paychex in a research note on Thursday, July 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.00.
Paychex, Inc is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses.
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