Live Ownership Coverage: Paychex Inc (NASDAQ:PAYX) Institutional Investor Positioning

November 25, 2016 - By Clifton Ray   ·   0 Comments

Live Ownership Coverage: Paychex Inc (NASDAQ:PAYX) Institutional Investor Positioning

Sentiment for Paychex Inc (NASDAQ:PAYX)

Paychex Inc (NASDAQ:PAYX) institutional sentiment decreased to 1.06 in Q2 2016. Its down -0.17, from 1.23 in 2016Q1. The ratio fall, as 366 institutional investors opened new or increased equity positions, while 297 reduced and sold stock positions in Paychex Inc. The institutional investors in our partner’s database now possess: 247.13 million shares, down from 247.18 million shares in 2016Q1. Also, the number of institutional investors holding Paychex Inc in their top 10 equity positions increased from 19 to 27 for an increase of 8. Sold All: 52 Reduced: 245 Increased: 311 New Position: 55.

Paychex, Inc. is a provider of integrated human capital management solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The company has a market cap of $21.19 billion. The Firm also has activities in Germany. It has a 27.53 P/E ratio. The Firm offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.

The stock closed at $58.05 during the last session. It is down 11.06% since April 22, 2016 and is uptrending. It has outperformed by 5.65% the S&P500.

Analysts await Paychex, Inc. (NASDAQ:PAYX) to report earnings on December, 27. They expect $0.55 earnings per share, up 5.77% or $0.03 from last year’s $0.52 per share. PAYX’s profit will be $200.77M for 26.39 P/E if the $0.55 EPS becomes a reality. After $0.60 actual earnings per share reported by Paychex, Inc. for the previous quarter, Wall Street now forecasts -8.33% negative EPS growth.

According to Zacks Investment Research, “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. Paychex’s 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.”

Mcdonald Capital Investors Inc Ca holds 12.74% of its portfolio in Paychex, Inc. for 2.10 million shares. Ensemble Capital Management Llc owns 284,010 shares or 4.9% of their US portfolio. Moreover, Parthenon Llc has 4.66% invested in the company for 311,974 shares. The Michigan-based Dillon & Associates Inc has invested 4.35% in the stock. Rench Wealth Management Inc., a Texas-based fund reported 87,896 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 16 insider sales for $15.89 million net activity.

Paychex, Inc. (NASDAQ:PAYX) Ratings Coverage

Ratings analysis reveals 10% of Paychex’s analysts are positive. Out of 10 Wall Street analysts rating Paychex, 1 give it “Buy”, 5 “Sell” rating, while 4 recommend “Hold”. The lowest target is $44 while the high is $65. The stock’s average target of $53.71 is -7.48% below today’s ($58.05) share price. PAYX was included in 11 notes of analysts from August 14, 2015. The company was initiated on Friday, September 9 by Wedbush. The rating was maintained by JP Morgan on Friday, August 14 with “Neutral”. The stock has “Neutral” rating given by Sterne Agee CRT on Thursday, December 17. The stock of Paychex, Inc. (NASDAQ:PAYX) has “Hold” rating given on Friday, September 4 by Zacks. Bank of America downgraded Paychex, Inc. (NASDAQ:PAYX) on Thursday, January 7 to “Underperform” rating. Argus Research maintained the stock with “Buy” rating in Thursday, December 24 report. Compass Point initiated the stock with “Sell” rating in Friday, April 15 report. The stock of Paychex, Inc. (NASDAQ:PAYX) earned “Sell” rating by Citigroup on Thursday, September 29. RBC Capital Markets maintained Paychex, Inc. (NASDAQ:PAYX) rating on Thursday, October 1. RBC Capital Markets has “Underperform” rating and $47 price target. The rating was maintained by Citigroup on Thursday, March 31 with “Sell”.

PAYX Company Profile

Paychex, Inc., incorporated on April 26, 1979, is a well-known 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 Firm also has activities in Germany. The Firm 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. The Company’s 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. It also offers professional employer organization (PEO) services and provides insurance offerings through the Paychex Insurance Agency, Inc. (PIA).

Another recent and important Paychex, Inc. (NASDAQ:PAYX) news was published by Forbes.com which published an article titled: “Paychex is Oversold” on November 03, 2016.

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By Clifton Ray


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