Analyst Activity – Jefferies Group LLC Reiterates Sell on Paychex (NASDAQ:PAYX)

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Analyst Ratings For Paychex (NASDAQ:PAYX)

Today, Jefferies Group LLC reiterated its Sell rating on Paychex (NASDAQ:PAYX) with a price target of $50.00.

There are 6 sell ratings, 8 hold ratings, 3 buy ratings on the stock.

The current consensus rating on Paychex (NASDAQ:PAYX) is Hold (Score: 1.82) with a consensus target price of $57.64 per share, a potential 7.49% downside.

Some recent analyst ratings include

  • 3/21/2017-Jefferies Group LLC Reiterated Rating of Sell.
  • 1/11/2017-Sanford C. Bernstein Upgrade from a “Underperform ” rating to a ” Market Perform” rating.
  • 12/23/2016-Argus Reiterated Rating of Buy.
  • 12/23/2016-Wells Fargo & Co Reiterated Rating of Market Perform.
  • 12/23/2016-Deutsche Bank AG Reiterated Rating of Hold.

Dividend information for Paychex (NASDAQ:PAYX)

Paychex (NASDAQ:PAYX) pays an annual dividend of $1.84 with a yield of 2.95% and an average dividend growth of 36.00% based on a 3 Year Average..

Dividend History for Paychex (NASDAQ:PAYX)

  • On 1/13/2017 Paychex announced a quarterly dividend of $0.46 3.02% with an ex dividend date of 1/30/2017 which will be payable on 2/15/2017.
  • On 10/12/2016 Paychex announced a quarterly dividend of $0.46 3.28% with an ex dividend date of 10/28/2016 which will be payable on 11/22/2016.
  • On 7/7/2016 Paychex announced a quarterly dividend of $0.46 3.04% with an ex dividend date of 7/28/2016 which will be payable on 8/25/2016.
  • On 4/29/2016 Paychex announced a quarterly dividend of $0.42 3.19% with an ex dividend date of 5/5/2016 which will be payable on 5/23/2016.
  • On 1/15/2016 Paychex announced a quarterly dividend of $0.42 3.54% with an ex dividend date of 1/28/2016 which will be payable on 2/16/2016.
  • On 10/14/2015 Paychex announced a quarterly dividend of $0.42 3.37% with an ex dividend date of 10/29/2015 which will be payable on 11/19/2015.
  • On 7/9/2015 Paychex announced a quarterly dividend of $0.42 3.54% with an ex dividend date of 7/30/2015 which will be payable on 8/20/2015.

Recent Insider Trading Activity For Paychex (NASDAQ:PAYX)
Paychex (NASDAQ:PAYX) has insider ownership of 11.60% and institutional ownership of 69.28%.

  • On 1/25/2017 Jennifer R Vossler, VP, sold 5,876 with an average share price of $62.01 per share and the total transaction amounting to $364,370.76. View SEC Filing
  • On 1/25/2017 Joseph Doody, Director, sold 10,850 with an average share price of $61.48 per share and the total transaction amounting to $667,058.00. View SEC Filing
  • On 1/17/2017 David J S Flaschen, Director, sold 10,250 with an average share price of $61.05 per share and the total transaction amounting to $625,762.50. View SEC Filing
  • On 1/17/2017 Michael E Gioja, Insider, sold 24,726 with an average share price of $60.72 per share and the total transaction amounting to $1,501,362.72. View SEC Filing
  • On 1/10/2017 Pamela A Joseph, Director, sold 18,500 with an average share price of $61.20 per share and the total transaction amounting to $1,132,200.00. View SEC Filing
  • On 7/29/2016 John B Gibson, VP, sold 11,450 with an average share price of $59.00 per share and the total transaction amounting to $675,550.00. View SEC Filing
  • On 7/22/2016 Joseph Doody, Director, sold 44,441 with an average share price of $60.51 per share and the total transaction amounting to $2,689,124.91. View SEC Filing

About Paychex (NASDAQ:PAYX)
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. As of May 31, 2016, the Company serviced approximately 605,000 payroll clients. It offers a portfolio of HCM services and products that allows its clients to meet their payroll and HR needs. Its payroll-related ancillary services and human resource service (HRS) offerings often leverage the information gathered in the base payroll processing service, allowing it to provide outsourcing services covering the HCM spectrum. The Company, through its HCM software-as-a-service platform, Paychex Flex, provides an integrated product suite that covers the employee life cycle from recruiting and hiring to retirement.

Recent Trading Activity for Paychex (NASDAQ:PAYX)
Shares of Paychex closed the previous trading session at 62.31 down -0.53 -0.84% with 1,352,715 shares trading hands.

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