Analysts Have Conflicting Sentiments on These Technology Companies: Paychex (NASDAQ: PAYX) and Verifone (NYSE: PAY)

By Carrie Williams

Analysts have been eager to weigh in on the Technology sector with new ratings on Paychex (NASDAQ: PAYX) and Verifone (NYSE: PAY).

Paychex (NASDAQ: PAYX)

RBC Capital analyst Matt Barasch reiterated a Sell rating on Paychex (NASDAQ: PAYX) on November 13 and set a price target of $57. The company’s shares closed yesterday at $65.37, close to its 52-week high of $65.62.

According to TipRanks.com, Barasch is a 4-star analyst with an average return of 5.4% and a 72.0% success rate. Barasch covers the Financial sector, focusing on stocks such as American International Group, Colliers International Group, and FirstService Corporation.

Paychex has an analyst consensus of Moderate Sell, with a price target consensus of $59.67.

Verifone (NYSE: PAY)

In a report released yesterday, Daniel Perlin from RBC Capital reiterated a Hold rating on Verifone (NYSE: PAY), with a price target of $20. The company’s shares closed yesterday at $17.69.

According to TipRanks.com, Perlin is a top 100 analyst with an average return of 23.2% and a 84.4% success rate. Perlin covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Automatic Data Processing, and Bottomline Technologies.

Verifone has an analyst consensus of Moderate Buy, with a price target consensus of $22.17.

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