Paychex, Inc. (NASDAQ:PAYX) Shares Sold by BDF Gestion

BDF Gestion cut its holdings in shares of Paychex, Inc. (NASDAQ:PAYXFree Report) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,870 shares of the business services provider’s stock after selling 2,712 shares during the quarter. BDF Gestion’s holdings in Paychex were worth $2,926,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Union Bancaire Privee UBP SA bought a new stake in shares of Paychex in the 4th quarter valued at approximately $28,000. Fortitude Family Office LLC grew its stake in Paychex by 42.0% during the 3rd quarter. Fortitude Family Office LLC now owns 250 shares of the business services provider’s stock worth $34,000 after buying an additional 74 shares during the last quarter. Quarry LP grew its stake in Paychex by 152.6% during the 2nd quarter. Quarry LP now owns 293 shares of the business services provider’s stock worth $35,000 after buying an additional 177 shares during the last quarter. Quest Partners LLC bought a new position in Paychex during the 3rd quarter worth $36,000. Finally, Dunhill Financial LLC grew its stake in Paychex by 805.9% during the 3rd quarter. Dunhill Financial LLC now owns 308 shares of the business services provider’s stock worth $41,000 after buying an additional 274 shares during the last quarter. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Paychex Stock Down 0.4 %

Shares of Paychex stock opened at $146.89 on Thursday. The stock’s fifty day moving average is $142.45 and its 200-day moving average is $136.86. The firm has a market capitalization of $52.89 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 3.95 and a beta of 1.00. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Paychex, Inc. has a 12-month low of $114.72 and a 12-month high of $150.71.

Paychex (NASDAQ:PAYXGet Free Report) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.02. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. Paychex had a return on equity of 45.28% and a net margin of 32.02%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 EPS. Equities analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Friday, February 7th. Paychex’s dividend payout ratio (DPR) is presently 82.53%.

Analyst Ratings Changes

A number of brokerages recently commented on PAYX. Royal Bank of Canada restated a “sector perform” rating and set a $148.00 price objective on shares of Paychex in a research note on Friday, December 20th. Morgan Stanley boosted their price target on Paychex from $122.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. UBS Group boosted their price target on Paychex from $125.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price target on Paychex from $133.00 to $139.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 19th. Finally, Jefferies Financial Group boosted their price target on Paychex from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. According to MarketBeat.com, Paychex currently has an average rating of “Hold” and a consensus target price of $132.23.

View Our Latest Report on PAYX

Paychex Company Profile

(Free Report)

Paychex, Inc, together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.

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Institutional Ownership by Quarter for Paychex (NASDAQ:PAYX)

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