Paychex Inc (PAYX) Files Form 4 Insider Selling : Martin Mucci Sells 65,965 Shares

Paychex Inc (PAYX): Martin Mucci , CEO & President of Paychex Inc sold 65,965 shares on Jul 7, 2016. The Insider selling transaction was reported by the company on Jul 8, 2016 to the Securities and Exchange Commission. The shares were sold at $60.63 per share for a total value of $3,999,458.00 , 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 1, 2016, Laurie L. Zaucha (Vice President) sold 26,605 shares at $58.00 per share price.On May 13, 2016, Pamela A Joseph (director) sold 6,000 shares at $52.49 per share price.Also, On Apr 27, 2016, Grant M Inman (director) sold 4,197 shares at $52.85 per share price.On Apr 6, 2016, Michael E Gioja (Sr. Vice President) sold 19,450 shares at $53.52 per share price.

Paychex: On Tuesday, Jul 6, 2016 heightened volatility was witnessed in Paychex which led to swings in the share price. The shares opened for trading at $59.3 and hit $60.3 on the upside , eventually ending the session at $60.09, with a gain of 1.09% or 0.65 points. The heightened volatility saw the trading volume jump to 36,08,560 shares. The 52-week high of the share price is $60.3 and the company has a market cap of $21,640 M . The 52-week low of the share price is at $41.59.

Paychex Money Flow Index Chart

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.

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