A Director at Paychex (PAYX) is Buying Shares


Today, a Director at Paychex (NASDAQ: PAYX), Joseph Doody, bought shares of PAYX for $66.5K.

Following Joseph Doody’s last PAYX Buy transaction on January 26, 2017, the stock climbed by 8.0%. This recent transaction increases Joseph Doody’s holding in the company by 6.39% to a total of $1.1 million.

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Based on Paychex’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $863 million and quarterly net profit of $244 million. In comparison, last year the company earned revenue of $817 million and had a net profit of $228 million. PAYX’s market cap is $23.75B and the company has a P/E ratio of 25.25. Currently, Paychex has an average volume of 2.25M.

Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $76.33, reflecting a 15.5% upside.

The insider sentiment on Paychex has been negative according to 51 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Paychex, Inc. engages in the provision of human capital management solutions for payroll, human resource, insurance, and retirement for small and medium sized businesses. Its solutions include payroll services, hiring services, business insurance, time and attendance, employee benefits, financa and payments, human resources services, and startup services.

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