Sava Infond d.o.o. Invests $266,000 in Paychex, Inc. (NASDAQ:PAYX)

Sava Infond d.o.o. bought a new stake in shares of Paychex, Inc. (NASDAQ:PAYX) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,900 shares of the business services provider’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Monument Capital Management increased its holdings in shares of Paychex by 4.4% during the fourth quarter. Monument Capital Management now owns 1,714 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 72 shares in the last quarter. Mutual Advisors LLC grew its position in Paychex by 2.6% during the 4th quarter. Mutual Advisors LLC now owns 2,881 shares of the business services provider’s stock worth $423,000 after purchasing an additional 73 shares during the last quarter. Emerald Advisors LLC increased its stake in Paychex by 2.5% during the 4th quarter. Emerald Advisors LLC now owns 3,017 shares of the business services provider’s stock valued at $423,000 after purchasing an additional 74 shares in the last quarter. Weaver Capital Management LLC raised its holdings in shares of Paychex by 3.7% in the fourth quarter. Weaver Capital Management LLC now owns 2,121 shares of the business services provider’s stock worth $297,000 after buying an additional 75 shares during the last quarter. Finally, Adero Partners LLC lifted its stake in shares of Paychex by 3.2% during the fourth quarter. Adero Partners LLC now owns 2,391 shares of the business services provider’s stock worth $335,000 after buying an additional 75 shares during the period. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Paychex Stock Performance

PAYX opened at $151.83 on Friday. The stock has a market cap of $54.67 billion, a P/E ratio of 31.96, a P/E/G ratio of 4.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a fifty day moving average price of $148.13 and a 200 day moving average price of $143.10. Paychex, Inc. has a 1 year low of $114.72 and a 1 year high of $158.37.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. Paychex had a net margin of 32.02% and a return on equity of 45.28%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $1.38 earnings per share. The company’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Friday, February 7th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Friday, February 7th. Paychex’s payout ratio is currently 81.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PAYX. UBS Group raised their target price on Paychex from $152.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 4th. Stifel Nicolaus raised their price objective on Paychex from $141.00 to $156.00 and gave the stock a “hold” rating in a research note on Thursday. Barclays upped their target price on Paychex from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, December 23rd. Morgan Stanley raised their price target on shares of Paychex from $137.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Citigroup lifted their price objective on shares of Paychex from $145.00 to $158.00 and gave the company a “neutral” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $137.58.

About Paychex

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.