Paychex, Inc. (NASDAQ:PAYX) VP Jennifer R. Vossler sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $68.29, for a total transaction of $682,900.00. Following the transaction, the vice president now directly owns 31,578 shares of the company’s stock, valued at $2,156,461.62. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Paychex, Inc. (NASDAQ PAYX) traded up $0.60 during midday trading on Tuesday, reaching $68.26. 3,478,209 shares of the company were exchanged, compared to its average volume of 2,254,510. Paychex, Inc. has a 1 year low of $54.20 and a 1 year high of $70.39. The firm has a market capitalization of $24,450.00, a price-to-earnings ratio of 29.30, a P/E/G ratio of 3.65 and a beta of 0.99.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings results on Thursday, December 21st. The business services provider reported $0.59 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.59. The company had revenue of $826.50 million for the quarter, compared to analyst estimates of $823.48 million. Paychex had a net margin of 26.02% and a return on equity of 42.80%. Paychex’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $0.56 EPS. analysts predict that Paychex, Inc. will post 2.38 EPS for the current fiscal year.

PAYX has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “sell” rating and set a $57.00 price objective on shares of Paychex in a research note on Wednesday, November 15th. Bank of America raised their price objective on shares of Paychex from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. BidaskClub raised shares of Paychex from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 7th. Citigroup raised shares of Paychex from a “sell” rating to a “neutral” rating and set a $67.00 price objective for the company in a research note on Monday, December 4th. Finally, Wells Fargo & Co raised their target price on shares of Paychex from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $62.10.

Several institutional investors and hedge funds have recently made changes to their positions in PAYX. Janus Henderson Group PLC boosted its holdings in shares of Paychex by 4,105.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,830,532 shares of the business services provider’s stock valued at $104,230,000 after purchasing an additional 1,787,007 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Paychex by 2,391.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,362,988 shares of the business services provider’s stock valued at $77,609,000 after purchasing an additional 1,308,288 shares during the last quarter. FMR LLC boosted its holdings in shares of Paychex by 6.2% in the 2nd quarter. FMR LLC now owns 10,476,188 shares of the business services provider’s stock valued at $596,514,000 after purchasing an additional 610,088 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Paychex by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 23,043,348 shares of the business services provider’s stock valued at $1,312,089,000 after purchasing an additional 589,880 shares during the last quarter. Finally, Koch Industries Inc. boosted its holdings in shares of Paychex by 13,529.1% in the 2nd quarter. Koch Industries Inc. now owns 560,975 shares of the business services provider’s stock valued at $551,000 after purchasing an additional 556,859 shares during the last quarter. Institutional investors own 67.88% of the company’s stock.

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About Paychex

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.

Insider Buying and Selling by Quarter for Paychex (NASDAQ:PAYX)

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