Analyst Downgrades – Paychex (NASDAQ:PAYX) Stock Gets Downgraded By William Blair from Outperform to Market Perform

ME Staff
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Analyst Ratings For Paychex (NASDAQ:PAYX)

Today, Paychex (NASDAQ:PAYX) stock was downgraded by William Blair from Outperform to Market Perform.

There are 4 sell ratings, 10 hold ratings, 1 buy rating on the stock.

The current consensus rating on Paychex (NASDAQ:PAYX) is Hold (Score: 1.80) with a consensus target price of $59.16 per share, a potential 3.45% upside.

Some recent analyst ratings include

  • 7/21/2017-William Blair was Downgraded by analysts at William Blair from a “Outperform ” rating to a ” Market Perform” rating.
  • 6/30/2017-J P Morgan Chase & Co Reiterated Rating of Neutral.
  • 6/29/2017-BMO Capital Markets Reiterated Rating of Hold.
  • 6/20/2017-Goldman Sachs Group, Inc. (The) was Downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “Buy ” rating to a ” Neutral” rating. They now have a $64.00 price target on the stock, up previously from $68.00 .
  • 6/6/2017-Wedbush Reiterated Rating of Neutral.

Dividend information for Paychex (NASDAQ:PAYX)

Paychex (NASDAQ:PAYX) pays an annual dividend of Community Ranking: with a yield of 3.22% and an average dividend growth of 36.00% based on a 3 Year Average.

Dividend History for Paychex (NASDAQ:PAYX)

  • On 7/13/2017 Paychex announced a quarterly dividend of $0.50 3.5% with an ex dividend date of 7/28/2017 which will be payable on 8/24/2017.
  • On 4/28/2017 Paychex announced a quarterly dividend of $0.46 3.11% with an ex dividend date of 5/8/2017 which will be payable on 5/25/2017.
  • 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.

Recent Insider Trading Activity For Paychex (NASDAQ:PAYX)
Paychex (NASDAQ:PAYX) has insider ownership of 11.60% and institutional ownership of 68.51%.

  • On 7/13/2017 Martin Mucci, CEO, sold 30,000 with an average share price of $57.04 per share and the total transaction amounting to $1,711,200.00. View SEC Filing
  • On 7/10/2017 Joseph M Tucci, Director, sold 6,000 with an average share price of $57.82 per share and the total transaction amounting to $346,920.00. View SEC Filing
  • On 7/9/2017 Efrain Rivera, Insider, sold 5,837 with an average share price of $57.39 per share and the total transaction amounting to $334,985.43. View SEC Filing
  • On 7/9/2017 Mark Anthony Bottini, VP, sold 7,139 with an average share price of $57.39 per share and the total transaction amounting to $409,707.21. View SEC Filing
  • On 7/9/2017 Martin Mucci, CEO, sold 33,294 with an average share price of $57.40 per share and the total transaction amounting to $1,911,075.60. View SEC Filing
  • On 7/6/2017 Laurie L Zaucha, VP, sold 2,884 with an average share price of $57.39 per share and the total transaction amounting to $165,512.76. View SEC Filing
  • On 7/6/2017 Michael E Gioja, Insider, sold 7,343 with an average share price of $57.40 per share and the total transaction amounting to $421,488.20. View SEC Filing

Recent Trading Activity for Paychex (NASDAQ:PAYX)
Shares of Paychex closed the previous trading session at 57.19 up +0.33 0.58% with 1,747,999 shares trading hands.