Paychex (PAYX) Gets a Hold from Jefferies

In a report released today, Samad Samana from Jefferies maintained a Hold rating on Paychex (PAYX – Research Report), with a price target of $250.00. The company's shares closed today at $156.09.
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According to TipRanks, Samana is a 4-star analyst with an average return of 4.6% and a 49.64% success rate. Samana covers the Technology sector, focusing on stocks such as HubSpot, ServiceNow, and Shopify.
The word on The Street in general, suggests a Hold analyst consensus rating for Paychex with a $151.57 average price target, implying a -2.90% downside from current levels. In a report released today, TD Cowen also maintained a Hold rating on the stock with a $150.00 price target.
PAYX market cap is currently $56.25B and has a P/E ratio of 32.48.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PAYX in relation to earlier this year. Last month, Michael Gioja, the SVP of PAYX sold 31,653.00 shares for a total of $4,893,136.23.

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