Paychex Inc (PAYX) Files Form 4 Insider Selling : Jennifer R. Vossler Sells 12,000 Shares

Paychex Inc (PAYX): Jennifer R. Vossler , VP/Controller of Paychex Inc sold 12,000 shares on Jul 14, 2016. The Insider selling transaction was reported by the company on Jul 14, 2016 to the Securities and Exchange Commission. The shares were sold at $61.05 per share for a total value of $732,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 12, 2016, Michael E Gioja (Sr. Vice President) sold 8,245 shares at $61.33 per share price.On Jul 12, 2016, Joseph M Tucci (director) sold 3,641 shares at $61.00 per share price.Also, On Jul 12, 2016, Martin Mucci (CEO & President) sold 42,397 shares at $61.33 per share price.On Jul 12, 2016, Laurie L. Zaucha (Vice President) sold 5,222 shares at $61.33 per share price.

Paychex: On Wednesday, Jul 13, 2016 heightened volatility was witnessed in Paychex which led to swings in the share price. The shares opened for trading at $61.16 and hit $61.32 on the upside , eventually ending the session at $61.11, with a gain of 0.16% or 0.1 points. The heightened volatility saw the trading volume jump to 20,03,636 shares. The 52-week high of the share price is $61.87 and the company has a market cap of $22,007 M . The 52-week low of the share price is at $41.59.

Paychex Money Flow Index Chart

On Jul 7, 2016, Paychex announced a cash dividend of $0.4600. The company’s management has announced Jul 28, 2016 as the ex-dividend date and fixed the record date on Aug 1, 2016. The payable date has been fixed on Aug 25, 2016.

Paychex Inc. is a provider of integrated payroll human Resource insurance and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and human Resource services; delivering these services; growing its client base through the efforts of its direct sales force; improving client service through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions. The Company offers services and products that allow its clients to meet their diverse payroll and human Resource needs. These include: payroll processing; payroll tax administration services; employee payment services; regulatory compliance services; Paychex HR Services; retirement services administration; insurance services; and online HR administration services.

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