Capital Advisors Inc. OK Purchases 2,707 Shares of Paychex, Inc. (NASDAQ:PAYX)

Capital Advisors Inc. OK boosted its position in Paychex, Inc. (NASDAQ:PAYX - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 275,700 shares of the business services provider's stock after acquiring an additional 2,707 shares during the period. Capital Advisors Inc. OK owned 0.08% of Paychex worth $38,659,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA bought a new stake in shares of Paychex during the 4th quarter valued at about $28,000. Fortitude Family Office LLC lifted its position in Paychex by 42.0% during the 3rd quarter. Fortitude Family Office LLC now owns 250 shares of the business services provider's stock valued at $34,000 after acquiring an additional 74 shares during the period. MilWealth Group LLC purchased a new position in Paychex during the 4th quarter valued at about $35,000. Quest Partners LLC purchased a new position in Paychex during the 3rd quarter valued at about $36,000. Finally, Dunhill Financial LLC raised its holdings in Paychex by 805.9% in the third 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. Institutional investors own 83.47% of the company's stock.

Analyst Ratings Changes

PAYX has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $148.00 target price on shares of Paychex in a report on Friday, December 20th. Barclays lifted their target price 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. Finally, JPMorgan Chase & Co. lifted their target price on shares of Paychex from $133.00 to $139.00 and gave the stock an "underweight" rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to data from MarketBeat.com, Paychex presently has a consensus rating of "Hold" and a consensus price target of $132.23.

Paychex Stock Performance

NASDAQ PAYX traded down $1.38 during trading hours on Friday, hitting $147.25. 1,052,382 shares of the company's stock traded hands, compared to its average volume of 1,726,092. The business's fifty day moving average price is $143.36 and its two-hundred day moving average price is $138.83. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $53.02 billion, a P/E ratio of 31.00, a P/E/G ratio of 4.10 and a beta of 1.00. Paychex, Inc. has a 52 week low of $114.72 and a 52 week high of $151.72.

Paychex (NASDAQ:PAYX - Get Free Report) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.02. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. Paychex had a net margin of 32.02% and a return on equity of 45.28%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 earnings per share. Equities research analysts predict that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, February 7th will be given a $0.98 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.66%. Paychex's payout ratio is currently 82.53%.

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.