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Paychex (PAYX) Receives a Hold from TD Cowen

Tipranks - Tipranks - Mon Jun 8, 11:56PM CDT

In a report released today, Bryan Bergin from TD Cowen assigned a Hold rating to Paychex, with a price target of $98.00.

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The word on The Street in general, suggests a Hold analyst consensus rating for Paychex with a $101.92 average price target.

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Based on Paychex’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $1.81 billion and a net profit of $560.3 million. In comparison, last year the company earned a revenue of $1.51 billion and had a net profit of $519.3 million

Based on the recent corporate insider activity of 70 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, Elizabeth Roaldsen, the SVP of PAYX sold 459.00 shares for a total of $41,310.00.

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