Analyst Recommendations And Earnings Forecast: Paychex, Inc. (PAYX), Achaogen, Inc. (AKAO)

Northwest Quadrant Wealth Management LLC grew its holdings in Paychex by 0.6% in the first quarter.

So, most importantly, where are shares headed from here? The firm has "Sell" rating given on Wednesday, June 28 by RBC Capital Markets. Smithbridge Asset Management De has invested 0.17% of its portfolio in Paychex, Inc.

Several other hedge funds also recently made changes to their positions in PAYX. AHL Partners LLP grew its stake in Paychex by 18.8% in the second quarter. Salem Investment Counselors Inc. now owns 1,796 shares of the business services provider's stock worth $102,000 after buying an additional 11 shares in the last quarter. Moreover, Tide Point Capital Management Lp has 2.36% invested in the company for 367,878 shares. Ameriprise Financial Inc. increased its position in Paychex by 23.8% during the 1st quarter. JPMorgan Chase & Co. now owns 1,001,929 shares of the business services provider's stock valued at $59,014,000 after purchasing an additional 759,973 shares during the period.

Shares of Paychex, Inc. (NASDAQ:PAYX). Cap Fund Mngmt Sa owns 0% invested in Paychex, Inc. At the time of writing, the stock is trading at $63.25, a change of 1.02% from the previous close. Paychex, Inc. has a 52 week low of $52.78 and a 52 week high of $63.31. The company has market cap of $11.90 billion.

Paychex, Inc. has a 50 day moving average of 58.02 and a 200 day moving average of 58.23. Ameriprise Financial Inc. now owns 4,237,537 shares of the business services provider's stock worth $248,742,000 after purchasing an additional 813,930 shares in the last quarter. The business services provider reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Paychex, Inc.'s Return on Equity (ROE) is 42.70%, measure their profitability and reveals how much profit they generate with the money their shareholders.

In case of Revenue Estimates, 14 analysts have provided their consensus Average Revenue Estimates for Paychex, 822.54 Million. Paychex's revenue was up 4.0% compared to the same quarter previous year. In the latest earnings report the EPS was $2.25 and is projected to be $2.38 for the current year with 359,395,000 shares now outstanding. (NASDAQ:PAYX). Chilton Invest Limited Liability Corporation accumulated 44,872 shares or 0.1% of the stock. Also, VP Mark Anthony Bottini sold 7,139 shares of the firm's stock in a transaction that occurred on Sunday, July 9th. The shares were sold at an average price of $57.39, for a total transaction of $409,707.21. Following the completion of the transaction, the chief executive officer now directly owns 237,754 shares in the company, valued at approximately $13,561,488.16. The disclosure for this sale can be found here. Days to cover increased 1.0 to 6.0 and the percentage of shorted shares was 0.03% on August 31.

PAYX indeed has a lot to explore for the stakeholder, as looked at the specific technical indicators that showcase the instant and chronological performances of the stock.

Paychex, Inc. (NasdaqGS:PAYX) has an ERP5 rank of 4136. Goldman Sachs Group, Inc. Robert W. Baird restated a "hold" rating and set a $64.00 price target on shares of Paychex in a research note on Wednesday. They now have a $62.00 price objective on the business services provider's stock, up from their prior price objective of $60.00.

On October 4 Citigroup maintained a company rating of "Sell" and moved up the price target from $53.00 to $57.00. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock.

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Paychex, 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. Earnings Yield is calculated by taking the operating income or earnings before interest and taxes (EBIT) and dividing it by the Enterprise Value of the company. The authority will not be accountable for anyone who makes stock portfolio or financial decisions as per this reporting, which has been constructed only on limited and open source information.

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