Paychex Inc (PAYX): Martin Mucci , CEO & President of Paychex Inc sold 42,397 shares on Jul 8, 2016. The Insider selling transaction was reported by the company on Jul 12, 2016 to the Securities and Exchange Commission. The shares were sold at $61.33 per share for a total value of $2,600,208.00 , 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, Laurie L. Zaucha (Vice President) sold 5,222 shares at $61.33 per share price.On Jul 12, 2016, Jennifer R. Vossler (VP/Controller) sold 3,440 shares at $61.33 per share price.Also, On Jul 12, 2016, Stephanie L Schaeffer (CLO, Secretary) sold 3,438 shares at $61.33 per share price.On Jul 12, 2016, John B Gibson (Sr. VP, Service) sold 7,232 shares at $61.33 per share price.
Shares of Paychex (PAYX) ended Monday, Jul 11, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.15% at $61.24 with 27,19,452 shares getting traded. Post opening the session at $61.74, the shares hit an intraday low of $61.21 and an intraday high of $61.87 and the price vacillated in this range throughout the day. The company has a market cap of $22,054 M and the number of outstanding shares has been calculated to be 36,01,21,050 shares. The 52-week high of Paychex is $61.87 and the 52-week low is $41.59.
Company has been under the radar of several Street Analysts.Paychex is Initiated by Compass Point to Sell and the brokerage firm has set the Price Target at $45. The Rating was issued on Apr 15, 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.