Mn Services Vermogensbeheer B.V. Purchases 5,000 Shares of Paychex, Inc. (NASDAQ:PAYX)

Mn Services Vermogensbeheer B.V. increased its holdings in Paychex, Inc. (NASDAQ:PAYX - Free Report) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,180 shares of the business services provider's stock after purchasing an additional 5,000 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Paychex were worth $18,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAYX. Union Bancaire Privee UBP SA acquired a new position in shares of Paychex in the 4th quarter worth approximately $28,000. Fortitude Family Office LLC raised its stake in Paychex by 42.0% during the third quarter. Fortitude Family Office LLC now owns 250 shares of the business services provider's stock worth $34,000 after acquiring an additional 74 shares in the last quarter. Avion Wealth lifted its holdings in shares of Paychex by 469.8% during the fourth quarter. Avion Wealth now owns 245 shares of the business services provider's stock valued at $34,000 after acquiring an additional 202 shares during the period. MilWealth Group LLC acquired a new stake in shares of Paychex in the 4th quarter valued at $35,000. Finally, Quest Partners LLC bought a new stake in shares of Paychex in the 3rd quarter worth about $36,000. Institutional investors own 83.47% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PAYX shares. JPMorgan Chase & Co. lifted their price target on shares of Paychex from $133.00 to $139.00 and gave the company an "underweight" rating in a report on Tuesday, November 19th. Barclays lifted their target price on shares of Paychex from $135.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, December 23rd. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $148.00 price target on shares of Paychex in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $132.23.

Paychex Trading Up 1.1 %

Paychex stock traded up $1.70 during mid-day trading on Monday, hitting $153.37. The stock had a trading volume of 1,783,426 shares, compared to its average volume of 1,756,252. The stock has a market capitalization of $55.22 billion, a PE ratio of 32.29, a P/E/G ratio of 4.10 and a beta of 1.00. Paychex, Inc. has a 12 month low of $114.72 and a 12 month high of $154.48. 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 stock has a 50-day simple moving average of $145.23 and a two-hundred day simple moving average of $140.71.

Paychex (NASDAQ:PAYX - Get Free Report) last issued 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 for 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 company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. As a group, sell-side analysts forecast that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Friday, February 7th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.92 dividend on an annualized basis and a yield of 2.56%. Paychex's dividend payout ratio is presently 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.