Impact of Brokerage Rating on Paychex, Inc.(PAYX)

Many Paychex, Inc.(PAYX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Paychex was Upgraded by Bernstein to Mkt Perform on Jan 11, 2017. Company shares were Reiterated by Compass Point on Dec 22, 2016 to Sell, Raises Price Target to $ 48 from a previous price target of $45 .Company shares were Reiterated by RBC Capital Mkts on Dec 22, 2016 to Underperform, Raises Price Target to $ 54 from a previous price target of $53 .Paychex was Initiated by Barclays on Dec 20, 2016 to Equal Weight, Price Target of the shares are set at $63.Paychex was Upgraded by Goldman to Buy on Dec 16, 2016.

Company has reported several Insider transactions to the SEC, on Jan 26, 2017, Joseph Doody (director) sold 10,850 shares at 61.48 per share price.On Jan 26, 2017, Jennifer R. Vossler (VP/Controller) sold 5,876 shares at 62.01 per share price.On Jan 18, 2017, David J S Flaschen (director) sold 10,250 shares at 61.05 per share price.

Paychex Last issued its quarterly earnings results on Dec 21, 2016. The company reported $0.56 EPS for the quarter. Analyst had a consensus estimate of $0.56. The company had revenue of $771.00 million for the quarter, compared to analysts expectations of $778.62 million. The companys revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Paychex, Inc. (NASDAQ:PAYX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.37 by 20 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 13 Brokerage Firms have advised hold. 4 Analysts have rated it as strong sell. A sell rating was given by 2 analyst.

Paychex, Inc. (NASDAQ:PAYX): 15 analysts have set the short term price target of Paychex, Inc. (NASDAQ:PAYX) at $56.79. The standard deviation of short term price target has been estimated at $7.34, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 65 and $40 respectively.

Paychex, Inc. (NASDAQ:PAYX) rose 0.39% or 0.23 points on Tuesday and made its way into the gainers of the day. After trading began at $58.88 the stock was seen hitting $59.33 as a peak level and $58.8297 as the lowest level. The stock ended up at $59.27. The daily volume was measured at 1,113,730 shares. The 52-week high of the share price is $62.18 and the 52-week low is $48.63. The company has a market cap of $21,269 million.

Paychex, Inc. is a national provider of payroll, human resource, and employee benefit outsourcing solutions for small-to medium-sized businesses. The company has two reportable business segments: Payroll and Human Resource Services and Professional Employer Organization. Paychexs Payroll segment is a national payroll processing and payroll tax preparation service provided to small-to medium-sized business. The Professional Employer Organization segment provides human resource products and services.


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