Paychex, Inc. (NASDAQ:PAYX) CFO Efrain Rivera sold 3,196 shares of the company’s stock in a transaction dated Saturday, July 6th. The shares were sold at an average price of $85.31, for a total transaction of $272,650.76. Following the sale, the chief financial officer now owns 57,707 shares in the company, valued at $4,922,984.17. The sale was disclosed in a filing with the SEC, which is available at this link.
Efrain Rivera also recently made the following trade(s):
- On Monday, July 8th, Efrain Rivera sold 6,209 shares of Paychex stock. The shares were sold at an average price of $84.87, for a total transaction of $526,957.83.
Shares of NASDAQ:PAYX opened at $85.46 on Thursday. The company has a market cap of $30.74 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 3.07 and a beta of 0.87. Paychex, Inc. has a 12 month low of $61.32 and a 12 month high of $88.43. The firm’s 50-day moving average price is $85.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.17 and a quick ratio of 1.11.
Several analysts have recently issued reports on the stock. Barclays restated a “sell” rating on shares of easyJet in a research report on Monday, April 1st. BidaskClub downgraded shares of Paychex from a “buy” rating to a “hold” rating in a report on Sunday, June 30th. Credit Suisse Group upgraded shares of Mosaic from an “underperform” rating to a “neutral” rating and set a $27.49 price target on the stock in a report on Thursday, March 28th. Bank of America assumed coverage on shares of Guangshen Railway Co. Ltd ADR Class H in a report on Wednesday, June 26th. They set an “underperform” rating on the stock. Finally, Sanford C. Bernstein downgraded shares of Encana from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $75.08.
A number of large investors have recently modified their holdings of the stock. Liberty Wealth Management LLC bought a new position in Paychex in the 4th quarter worth about $25,000. FinTrust Capital Advisors LLC grew its stake in Paychex by 64.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 310 shares of the business services provider’s stock worth $25,000 after acquiring an additional 122 shares in the last quarter. Glassman Wealth Services grew its stake in Paychex by 125.0% in the 1st quarter. Glassman Wealth Services now owns 306 shares of the business services provider’s stock worth $25,000 after acquiring an additional 170 shares in the last quarter. TCI Wealth Advisors Inc. grew its stake in Paychex by 404.8% in the 1st quarter. TCI Wealth Advisors Inc. now owns 318 shares of the business services provider’s stock worth $26,000 after acquiring an additional 255 shares in the last quarter. Finally, Ellevest Inc. bought a new position in Paychex in the 1st quarter worth about $27,000. Institutional investors own 69.66% of the company’s stock.
Paychex Company Profile
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.
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