Paychex, Inc. (NASDAQ:PAYX) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC decreased its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,184 shares of the business services provider’s stock after selling 3,419 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Paychex were worth $11,694,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA bought a new position in Paychex during the 4th quarter valued at $28,000. Millstone Evans Group LLC purchased a new stake in shares of Paychex in the fourth quarter valued at $33,000. Avion Wealth boosted its position in Paychex by 469.8% during the 4th quarter. Avion Wealth now owns 245 shares of the business services provider’s stock worth $34,000 after acquiring an additional 202 shares during the period. MilWealth Group LLC acquired a new stake in shares of Paychex during the fourth quarter worth approximately $35,000. Finally, Quest Partners LLC purchased a new position in Paychex in the third quarter valued at about $36,000. Institutional investors own 83.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PAYX shares. Barclays upped their price objective on shares of Paychex from $135.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, December 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $148.00 target price on shares of Paychex in a research report on Friday, December 20th. Finally, UBS Group upped their price target on Paychex from $152.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, March 4th. Two equities research 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 a consensus rating of “Hold” and a consensus target price of $133.23.

Paychex Price Performance

PAYX stock opened at $144.13 on Wednesday. The company has a 50 day simple moving average of $147.91 and a 200 day simple moving average of $142.99. The stock has a market cap of $51.90 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 4.10 and a beta of 0.98. Paychex, Inc. has a 1 year low of $114.72 and a 1 year high of $158.37. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39.

Paychex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 7th were given a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Friday, February 7th. Paychex’s dividend payout ratio (DPR) is presently 82.53%.

Paychex Company Profile

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.