Paychex (PAYX) Given Media Sentiment Score of 0.16
News coverage about Paychex (NASDAQ:PAYX) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Paychex earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news coverage about the business services provider an impact score of 46.6374215144531 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Reviewing Paychex (NASDAQ:PAYX) & CDI Corporation (CDI) (americanbankingnews.com)
- Paychex Inc (PAYX) Sees Technical Signals Building – Evergreen Caller (evergreencaller.com)
- Technical Facts to Know: Paychex, Inc. (PAYX) traded -13.95% away from 52-Week High: Paychex, Inc. (PAYX) – Voice Of Analysts (analystsbuzz.com)
- See what the IHS Markit Score report has to say about Paychex Inc. (finance.yahoo.com)
- Head-To-Head Analysis: CDI Corporation (CDI) vs. Paychex (NASDAQ:PAYX) (americanbankingnews.com)
A number of equities research analysts recently weighed in on PAYX shares. BidaskClub raised shares of Paychex from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. William Blair cut shares of Paychex from an “outperform” rating to a “market perform” rating in a research report on Friday, July 21st. Wedbush reissued a “neutral” rating and issued a $61.25 price target (down from $65.00) on shares of Paychex in a research report on Tuesday, June 6th. BMO Capital Markets reissued a “hold” rating and issued a $60.00 price target on shares of Paychex in a research report on Thursday, June 29th. Finally, Robert W. Baird reduced their price target on shares of Paychex from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, June 30th. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. Paychex presently has an average rating of “Hold” and a consensus target price of $59.16.
Paychex (NASDAQ PAYX) traded up 1.22% on Tuesday, reaching $55.59. 2,710,626 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $56.81 and its 200 day moving average price is $58.87. The firm has a market capitalization of $19.98 billion, a price-to-earnings ratio of 24.71 and a beta of 0.96. Paychex has a 1-year low of $52.78 and a 1-year high of $63.03.
Paychex (NASDAQ:PAYX) last posted its quarterly earnings results on Wednesday, June 28th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. Paychex had a net margin of 25.93% and a return on equity of 42.65%. The company had revenue of $799 million for the quarter, compared to the consensus estimate of $797.70 million. During the same period last year, the firm posted $0.49 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts expect that Paychex will post $2.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Tuesday, August 1st will be given a $0.50 dividend. This is an increase from Paychex’s previous quarterly dividend of $0.46. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, July 28th.
In other news, insider Michael E. Gioja sold 7,343 shares of the firm’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $57.40, for a total value of $421,488.20. Following the transaction, the insider now directly owns 55,632 shares in the company, valued at approximately $3,193,276.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Martin Mucci sold 30,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $57.04, for a total transaction of $1,711,200.00. Following the completion of the transaction, the chief executive officer now owns 237,754 shares in the company, valued at $13,561,488.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,497 shares of company stock worth $5,300,889. Insiders own 11.60% of the company’s stock.
Paychex Company Profile
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.
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