Thurston Springer Miller Herd & Titak Inc. Has $3.76 Million Stock Position in Paychex, Inc. (NASDAQ:PAYX)

Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) by 43.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,845 shares of the business services provider's stock after purchasing an additional 8,119 shares during the period. Paychex accounts for 0.8% of Thurston Springer Miller Herd & Titak Inc.'s portfolio, making the stock its 17th biggest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Paychex were worth $3,764,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC lifted its stake in Paychex by 42.0% in the third quarter. Fortitude Family Office LLC now owns 250 shares of the business services provider's stock valued at $34,000 after buying an additional 74 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Paychex in the 3rd quarter worth about $36,000. Quarry LP lifted its position in Paychex by 152.6% in the 2nd quarter. Quarry LP now owns 293 shares of the business services provider's stock valued at $35,000 after purchasing an additional 177 shares during the last quarter. Dunhill Financial LLC boosted 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 valued at $41,000 after purchasing an additional 274 shares during the period. Finally, HWG Holdings LP bought a new position in Paychex in the 2nd quarter worth about $63,000. 83.47% of the stock is currently owned by institutional investors.

Paychex Price Performance

Shares of NASDAQ PAYX traded up $2.56 during mid-day trading on Wednesday, reaching $144.27. The company had a trading volume of 3,787,298 shares, compared to its average volume of 2,080,600. The company has a 50-day moving average price of $142.40 and a two-hundred day moving average price of $134.84. The stock has a market cap of $51.95 billion, a PE ratio of 30.76, a P/E/G ratio of 3.88 and a beta of 1.00. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21. Paychex, Inc. has a 1-year low of $114.72 and a 1-year high of $150.71.

Paychex (NASDAQ:PAYX - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.02. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.31 billion. Paychex had a return on equity of 45.97% and a net margin of 31.98%. Paychex's revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. On average, equities analysts anticipate that Paychex, Inc. will post 4.98 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 issued a dividend of $0.98 per share. The ex-dividend date is Friday, February 7th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.72%. Paychex's dividend payout ratio is currently 82.53%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PAYX. JPMorgan Chase & Co. lifted their price target on Paychex from $133.00 to $139.00 and gave the company an "underweight" rating in a report on Tuesday, November 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $148.00 target price on shares of Paychex in a research note on Friday, December 20th. Stifel Nicolaus upped their price objective on shares of Paychex from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. Citigroup raised their target price on shares of Paychex from $125.00 to $145.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th. Finally, Jefferies Financial Group upped their price target on shares of Paychex from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $132.23.

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.