1,900 Shares in Paychex, Inc. (NASDAQ:PAYX) Acquired by Sava Infond d.o.o.

Sava Infond d.o.o. bought a new position in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,900 shares of the business services provider's stock, valued at approximately $266,000.

Several other hedge funds also recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in shares of Paychex in the 4th quarter valued at about $28,000. Millstone Evans Group LLC acquired a new position in Paychex in the fourth quarter valued at approximately $33,000. Avion Wealth grew 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 purchasing an additional 202 shares during the last quarter. MilWealth Group LLC acquired a new stake in shares of Paychex during the 4th quarter worth approximately $35,000. Finally, Quest Partners LLC bought a new stake in shares of Paychex in the 3rd quarter worth approximately $36,000. Institutional investors and hedge funds own 83.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Cfra Research raised Paychex to a "hold" rating in a research report on Thursday, March 27th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $148.00 price objective on shares of Paychex in a report on Friday, December 20th. Stifel Nicolaus raised their price target on shares of Paychex from $141.00 to $156.00 and gave the company a "hold" rating in a research note on Thursday, March 27th. UBS Group increased their price objective on Paychex from $152.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, March 4th. Finally, Citigroup lifted their target price on Paychex from $145.00 to $158.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to MarketBeat, Paychex presently has a consensus rating of "Hold" and an average target price of $138.83.

Paychex Price Performance

Shares of NASDAQ PAYX traded down $0.05 during mid-day trading on Tuesday, reaching $154.23. The company had a trading volume of 548,489 shares, compared to its average volume of 1,894,805. The company has a 50-day moving average price of $148.38 and a two-hundred day moving average price of $143.51. The stock has a market cap of $55.55 billion, a PE ratio of 32.56, a P/E/G ratio of 4.10 and a beta of 0.98. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20. Paychex, Inc. has a 1-year low of $114.72 and a 1-year high of $158.37.

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

Paychex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 7th were issued a dividend of $0.98 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.54%. Paychex's dividend payout ratio is 81.67%.

Paychex Company 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.