Unigestion Holding SA Decreases Stock Position in Paychex, Inc. (NASDAQ:PAYX)

Unigestion Holding SA lessened its holdings in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,902 shares of the business services provider's stock after selling 44,790 shares during the period. Paychex makes up about 2.0% of Unigestion Holding SA's portfolio, making the stock its 13th biggest holding. Unigestion Holding SA owned about 0.07% of Paychex worth $35,181,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Royal London Asset Management Ltd. boosted its holdings in Paychex by 2.3% in the third quarter. Royal London Asset Management Ltd. now owns 187,663 shares of the business services provider's stock worth $25,182,000 after acquiring an additional 4,157 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in Paychex by 91.1% in the 4th quarter. Miracle Mile Advisors LLC now owns 10,808 shares of the business services provider's stock worth $1,515,000 after purchasing an additional 5,153 shares in the last quarter. MML Investors Services LLC grew its position in Paychex by 6.5% during the 3rd quarter. MML Investors Services LLC now owns 329,080 shares of the business services provider's stock worth $44,159,000 after purchasing an additional 20,064 shares during the last quarter. Franklin Resources Inc. increased its stake in Paychex by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 997,930 shares of the business services provider's stock valued at $142,055,000 after purchasing an additional 27,296 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Paychex by 120.0% in the fourth quarter. Jones Financial Companies Lllp now owns 6,936 shares of the business services provider's stock worth $973,000 after buying an additional 3,783 shares during the last quarter. Institutional investors and hedge funds own 83.47% of the company's stock.

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Wall Street Analyst Weigh In

PAYX has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Paychex from $140.00 to $155.00 and gave the company an "equal weight" rating in a report on Monday, March 31st. Morgan Stanley boosted their price target on Paychex from $137.00 to $142.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Stifel Nicolaus lifted their target price on Paychex from $141.00 to $156.00 and gave the stock a "hold" rating in a report on Thursday, March 27th. Cfra Research upgraded shares of Paychex to a "hold" rating in a report on Thursday, March 27th. Finally, Citigroup raised their price target on shares of Paychex from $145.00 to $158.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company's stock. According to data from MarketBeat, Paychex presently has an average rating of "Hold" and a consensus target price of $141.00.

Paychex Price Performance

NASDAQ PAYX traded up $2.48 during trading hours on Friday, reaching $146.89. The company's stock had a trading volume of 739,857 shares, compared to its average volume of 1,916,393. The firm has a market capitalization of $52.91 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 4.10 and a beta of 0.88. The company's 50-day moving average is $148.17 and its two-hundred day moving average is $144.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39. Paychex, Inc. has a 1-year low of $115.40 and a 1-year high of $158.37.

Paychex (NASDAQ:PAYX - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $1.38 EPS. The business's revenue was up 4.8% on a year-over-year basis. On average, equities analysts predict that Paychex, Inc. will post 4.99 EPS for the current year.

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.