Today it was reported that the CLO, Secretary of Paychex (PAYX), Stephanie Schaeffer, exercised options to sell 14,893 PAYX shares at $26.02 a share, for a total transaction value of $1.29M.
Following Stephanie Schaeffer’s last PAYX Sell transaction on July 13, 2018, the stock climbed by 16.7%. In addition to Stephanie Schaeffer, 3 other PAYX executives reported Sell trades in the last month.
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Based on Paychex’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $1.07 billion and quarterly net profit of $325 million. In comparison, last year the company earned revenue of $867 million and had a net profit of $260 million. PAYX’s market cap is $30.57B and the company has a P/E ratio of 29.84. Currently, Paychex has an average volume of 1.64M.
Based on 9 analyst ratings, the analyst consensus is Hold with an average price target of $79.75, reflecting a -8.0% downside.
The insider sentiment on Paychex has been negative according to 65 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.
