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Cantor Fitzgerald Sticks to Their Sell Rating for Paychex (PAYX)

Tipranks - Tipranks - Tue Mar 24, 7:02AM CDT

In a report released today, from Cantor Fitzgerald maintained a Sell rating on Paychex, with a price target of $90.00.

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Paychex has an analyst consensus of Hold, with a price target consensus of $108.13.

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Based on Paychex’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $1.56 billion and a net profit of $395.4 million. In comparison, last year the company earned a revenue of $1.32 billion and had a net profit of $413.4 million

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PAYX in relation to earlier this year. Last month, Joseph Doody, a Director at PAYX bought 1,000.00 shares for a total of $98,760.00.

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