Paychex, Inc. (NASDAQ:PAYX) is Mcdonald Capital Investors Inc. CA's 4th Largest Position

Mcdonald Capital Investors Inc. CA lowered its position in Paychex, Inc. (NASDAQ:PAYX - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 911,646 shares of the business services provider's stock after selling 10,758 shares during the period. Paychex accounts for about 8.0% of Mcdonald Capital Investors Inc. CA's holdings, making the stock its 4th biggest position. Mcdonald Capital Investors Inc. CA owned approximately 0.25% of Paychex worth $127,831,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Monument Capital Management raised its stake in shares of Paychex by 4.4% in the fourth quarter. Monument Capital Management now owns 1,714 shares of the business services provider's stock worth $240,000 after purchasing an additional 72 shares during the last quarter. Mutual Advisors LLC raised its stake in shares of Paychex by 2.6% in the fourth 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 raised its stake in shares of Paychex by 2.5% in the fourth quarter. Emerald Advisors LLC now owns 3,017 shares of the business services provider's stock worth $423,000 after purchasing an additional 74 shares during the last quarter. Weaver Capital Management LLC raised its stake 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 purchasing an additional 75 shares during the last quarter. Finally, Adero Partners LLC raised its stake in shares of Paychex by 3.2% in the fourth quarter. Adero Partners LLC now owns 2,391 shares of the business services provider's stock worth $335,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 83.47% of the company's stock.

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Paychex Stock Performance

Shares of Paychex stock traded down $1.49 during trading hours on Wednesday, reaching $145.01. The company had a trading volume of 2,780,538 shares, compared to its average volume of 1,786,496. Paychex, Inc. has a one year low of $114.72 and a one year high of $158.37. The business has a fifty day simple moving average of $146.84 and a 200 day simple moving average of $141.97. 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 market cap of $52.21 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 4.10 and a beta of 0.98.

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

Paychex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Friday, February 7th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, February 7th. Paychex's payout ratio is 82.53%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PAYX. Royal Bank of Canada reissued a "sector perform" rating and issued a $148.00 price objective on shares of Paychex in a research note on Friday, December 20th. Barclays increased their price target on Paychex from $135.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, December 23rd. UBS Group increased their price target on Paychex from $152.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. increased their price target on Paychex from $133.00 to $139.00 and gave the company an "underweight" rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. According to data from MarketBeat, Paychex has an average rating of "Hold" and a consensus target price of $133.23.

Paychex 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.