Paychex, Inc. (PAYX) VP Jennifer R. Vossler Sells 10,000 Shares
Paychex, Inc. (NASDAQ:PAYX) VP Jennifer R. Vossler sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $80.54, for a total value of $805,400.00. Following the transaction, the vice president now directly owns 31,701 shares in the company, valued at $2,553,198.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Paychex stock opened at $80.75 on Wednesday. The company has a market capitalization of $28.99 billion, a PE ratio of 31.67, a P/E/G ratio of 3.14 and a beta of 1.04. Paychex, Inc. has a 52 week low of $59.55 and a 52 week high of $81.59. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.11 and a quick ratio of 1.11.
Paychex (NASDAQ:PAYX) last issued its quarterly earnings data on Wednesday, March 27th. The business services provider reported $0.89 EPS for the quarter, hitting the consensus estimate of $0.89. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Paychex had a return on equity of 43.20% and a net margin of 28.19%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. On average, equities research analysts predict that Paychex, Inc. will post 2.86 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of PAYX. Bank of New York Mellon Corp raised its stake in shares of Paychex by 1,614,724.4% in the third quarter. Bank of New York Mellon Corp now owns 8,477,828 shares of the business services provider’s stock worth $624,389,000 after purchasing an additional 8,477,303 shares during the last quarter. Martingale Asset Management L P increased its position in shares of Paychex by 823.5% during the third quarter. Martingale Asset Management L P now owns 224,744 shares of the business services provider’s stock valued at $16,553,000 after acquiring an additional 200,408 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Paychex by 12.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,122,574 shares of the business services provider’s stock valued at $82,676,000 after acquiring an additional 123,619 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Paychex by 33.9% during the third quarter. Franklin Resources Inc. now owns 90,731 shares of the business services provider’s stock valued at $6,683,000 after acquiring an additional 22,980 shares during the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Paychex during the third quarter valued at approximately $389,000. 68.64% of the stock is owned by hedge funds and other institutional investors.
Paychex, Inc provides payroll, human resource (HR), retirement, and insurance services for small to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.
Featured Article: Average Daily Trade Volume – What It Means In Stock Trading
Receive News & Ratings for Paychex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paychex and related companies with MarketBeat.com's FREE daily email newsletter.