Today, the Sr. VP, CFO of Paychex (PAYX), Efrain Rivera, sold shares of PAYX for $799.6K.
Following Efrain Rivera’s last PAYX Sell transaction on July 13, 2018, the stock climbed by 16.5%. In addition to Efrain Rivera, 6 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 May 31, the company posted quarterly revenue of $980 million and quarterly net profit of $230 million. In comparison, last year the company earned revenue of $871 million and had a net profit of $229 million. PAYX’s market cap is $30.49B and the company has a P/E ratio of 29.67. Currently, Paychex has an average volume of 1.93M.
The insider sentiment on Paychex has been negative according to 63 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Efrain Rivera’s trades have generated a -19.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
