In a report released today, Ramsey El Assal from Barclays maintained a Hold rating on Paychex (PAYX), with a price target of $80. The company’s shares opened today at $80.75, close to its 52-week high of $80.91.
According to TipRanks.com, Assal is a 5-star analyst with an average return of 23.3% and a 82.5% success rate. Assal covers the Technology sector, focusing on stocks such as Alliance Data Systems, Global Payments Inc, and Paypal Holdings.
Paychex has an analyst consensus of Hold, with a price target consensus of $78.44, implying a -2.9% downside from current levels. In a report issued on March 21, Edward Jones also maintained a Hold rating on the stock.
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The company has a one-year high of $80.91 and a one-year low of $59.55. Currently, Paychex has an average volume of 1.98M.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Martin Mucci, the CEO & President of PAYX sold 50,000 shares for a total of $3,800,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
