Paychex, Inc. (PAYX) Shares Bought by Thrivent Financial for Lutherans
- Author: Zachary Reyes Mar 30, 2017,
Mar 30, 2017, 18:00
The biggest holder now is Mr. B. Thomas Golisano who owns 37,587,272 shares (10.47% of those outstanding), whilst Mr. Martin Mucci holds 257,558 (0.07% of shares outstanding) and J. Robert Sebo holds 220,101 (0.06% of shares outstanding). The company's reported earnings of 55 cents per share came a penny ahead of the Zacks Consensus Estimate. Thrivent Financial for Lutherans' holdings in Paychex were worth $684,000 at the end of the most recent quarter. Kernodle & Katon Asset Management Group LLC boosted its position in shares of Paychex by 4.6% in the third quarter. Thrivent Financial for Lutherans raised its stake in shares of Paychex by 5.9% in the fourth quarter. During the same period in the prior year, the firm earned $0.50 earnings per share. New acquired a new stake in Paychex during the fourth quarter valued at approximately $716,000. Paychex has a 52 week low of $51.06 and a 52 week high of $63.03. (NASDAQ:PAYX) on Thursday, December 22 with "Sell" rating.
Now we look at the Moving Averages, the 200-day is 0.94, the 50-day is -2.74 and the 20-day is -4.96. The company has market cap of $20.98 billion.
Paychex Inc. on Wednesday reported third-quarter net income of $202.5 million, an increase of 12 percent from a year ago. For the quarter ending Nov-17, 9 analysts have a mean sales target of 826.66 million whilst for the year ending May-17, 18 analysts have a mean target of 3,163.81 million. The Return on Investment and Return on Equity (ROE) values are 0.4 percent and -3.2 percent, respectively. During the third quarter, we celebrated the one-year anniversary of our acquisition of Advance Partners. (NASDAQ:PAYX) was down -0.51% during the last trading session, with a day high of 61.05. The stock now shows its YTD (Year to Date) performance of -2.25 percent while its Weekly performance value is -4.74%. The Relative Volume value measured for Paychex, Inc. The analysts offering Earnings Estimates for the company were believing that Paychex, Inc. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & worldwide copyright and trademark legislation.
VEREIT, Inc. (VER) shares declined -0.59% and ended the day at $8.42. The firm has "Buy" rating given on Thursday, December 24 by Argus Research.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. They issued an "equal weight" rating and a $63.00 price objective on the stock.
Recently stock market analysts updated their outstanding price targets on shares of Paychex, Inc. Out of 21 brokerage recommendations, 2 gave a Strong Buy, 1 issued a Buy, 12 issued Hold, 3 rated Under-perform and 3 issued a Sell. The stock presently has a consensus rating of "Hold" and an average target price of $57.87.
In other news, Director David J.S. Flaschen sold 10,250 shares of the firm's stock in a transaction dated Tuesday, January 17th. In terms of recent volatility, the average for the month is 1.11% and 1.20% for the past week. While the company's earnings topped estimates by two cents, revenue fell shy of expectations by $3.23 million. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jennifer R. Vossler sold 5,876 shares of the stock in a transaction dated Wednesday, January 25th. The stock was sold at an average price of $62.01, for a total transaction of $364,370.76. Following the sale, the director now owns 28,541 shares of the company's stock, valued at approximately $1,742,428.05.