Paychex Inc (PAYX) Files Form 4 Insider Selling : Michael E Gioja Sells 6,190 Shares

Paychex Inc (PAYX): Michael E Gioja , Sr. Vice President of Paychex Inc sold 6,190 shares on Jul 21, 2016. The Insider selling transaction was reported by the company on Jul 22, 2016 to the Securities and Exchange Commission. The shares were sold at $60.23 per share for a total value of $372,823.69 , 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 14, 2016, Jennifer R. Vossler (VP/Controller) sold 12,000 shares at $61.05 per share price.On Jul 12, 2016, Michael E Gioja (Sr. Vice President) sold 8,245 shares at $61.33 per share price.Also, On Jul 12, 2016, Joseph M Tucci (director) sold 3,641 shares at $61.00 per share price.On Jul 12, 2016, Martin Mucci (CEO & President) sold 42,397 shares at $61.33 per share price.

Shares of Paychex (PAYX) ended Wednesday, Jul 20, 2016 session in red amid volatile trading. The shares closed down -0.19 points or -0.31% at $60.51 with 26,18,674 shares getting traded. Post opening the session at $60.62, the shares hit an intraday low of $60.28 and an intraday high of $60.72 and the price vacillated in this range throughout the day. The company has a market cap of $21,791 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.

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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