Paychex, Inc stock outlook for weekly october 10 2011

Indonesia stock info - Paychex, Inc stock outlook for weekly october 10 2011 : Paychex, Inc. is a provider of payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses. As of May 31, 2011, the Company serviced approximately 564,000 clients. As of May 31, 2011, it serviced approximately 1,900 clients in Germany through four offices. It offers a portfolio of services and products that allow its clients to meet their payroll and human resource needs. These services include payroll processing, payroll tax administration services, employee payment services, regulatory compliance services (new-hire reporting and garnishment processing), Paychex HR Solutions, retirement services administration, insurance services, eServices, and other human resource services and products. On February 8, 2011, the Company acquired SurePayroll, Inc. (SurePayroll ). On May 3, 2011, it acquired ePlan Services, Inc.(ePlan).

Shares of Paychex, Inc. traded up 1.27% during mid-day trading on Friday, hitting $27.11. Paychex, Inc. has a 52 week low of $25.12 and a 52 week high of $33.91. The stock’s 50-day moving average is $26.44 and its 200-day moving average is $29.70. The company has a market cap of $9.824 billion and a price-to-earnings ratio of 18.21.

A number of equity research firms have modified their stock ratings and price targets on shares of Paychex, Inc. (NASDAQ: PAYX) in the last week:

Paychex, Inc. was given a reiterated “underweight” by analysts at Morgan Stanley.

Paychex, Inc. had its price target lowered by analysts at RBC Capital from $34.00 to $30.00. The analysts now have a “sector perform” rating on the stock.

Paychex, Inc. had its price target lowered by analysts at Citigroup to $32.00.

Paychex, Inc. was given a reiterated “sell” by analysts at Goldman Sachs.

Paychex, Inc. is now covered by analysts at Deutsche Bank. The analysts set a “hold” rating and a $28.00 price target on the stock.

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