Media coverage about Paychex (NASDAQ:PAYX) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Paychex earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 47.430813132822 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s analysis:
- Stock Yards Bank & Trust Co Trimmed Its Paychex (PAYX) Stake; Mazor Robotics Ltd. (MZOR) Had 2 Bullish Analysts (mtastar.com)
- Peering into Recent Action from Ryanair Holdings plc (NASDAQ:RYAAY), Paychex, Inc. (NASDAQ:PAYX) (concordiareview.com)
- Financial Survey: PRGX Global (PRGX) vs. Paychex (PAYX) (americanbankingnews.com)
- Paychex (PAYX) Short Interest Update (americanbankingnews.com)
- Comparing Paychex (PAYX) and Forrester Research (FORR) (americanbankingnews.com)
NASDAQ:PAYX traded down $0.17 during trading hours on Friday, reaching $61.48. The company had a trading volume of 1,126,534 shares, compared to its average volume of 2,326,016. Paychex has a 1-year low of $54.20 and a 1-year high of $73.10. The company has a market capitalization of $22,156.51, a PE ratio of 27.95, a PEG ratio of 3.18 and a beta of 0.98.
PAYX has been the topic of a number of recent research reports. BidaskClub lowered Paychex from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 22nd. Barclays dropped their target price on Paychex from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 27th. Morgan Stanley dropped their target price on Paychex from $68.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 27th. BMO Capital Markets reiterated a “hold” rating and issued a $70.00 target price on shares of Paychex in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $68.00 target price on shares of Paychex in a research report on Friday, December 22nd. Thirteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Paychex currently has a consensus rating of “Hold” and an average price target of $64.94.
In other news, VP Jennifer R. Vossler sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $68.29, for a total transaction of $682,900.00. Following the completion of the transaction, the vice president now directly owns 31,578 shares of the company’s stock, valued at approximately $2,156,461.62. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael E. Gioja sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $61.63, for a total value of $6,779,300.00. Following the transaction, the insider now directly owns 170,974 shares of the company’s stock, valued at $10,537,127.62. The disclosure for this sale can be found here. Insiders own 11.70% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Paychex (PAYX) Given Daily Coverage Optimism Score of 0.13” was originally reported by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://dakotafinancialnews.com/2018/04/14/paychex-payx-given-daily-coverage-optimism-score-of-0-13.html.
Paychex, Inc provides payroll, human resource (HR), retirement, and insurance services for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that include payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.
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