World Investment Advisors Has $923,000 Stock Position in Paychex, Inc. (NASDAQ:PAYX)

World Investment Advisors boosted its stake in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) by 49.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,586 shares of the business services provider's stock after purchasing an additional 2,165 shares during the period. World Investment Advisors' holdings in Paychex were worth $923,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PAYX. Monument Capital Management raised its holdings in shares of Paychex by 4.4% in the 4th quarter. Monument Capital Management now owns 1,714 shares of the business services provider's stock valued at $240,000 after purchasing an additional 72 shares during the period. Mutual Advisors LLC raised its stake in Paychex by 2.6% in the fourth quarter. Mutual Advisors LLC now owns 2,881 shares of the business services provider's stock valued at $423,000 after buying an additional 73 shares during the period. Emerald Advisors LLC lifted its position 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 valued at $423,000 after buying an additional 74 shares during the last quarter. Weaver Capital Management LLC boosted its stake in shares of Paychex by 3.7% during the 4th quarter. Weaver Capital Management LLC now owns 2,121 shares of the business services provider's stock worth $297,000 after acquiring an additional 75 shares during the period. Finally, Adero Partners LLC increased its holdings in shares of Paychex by 3.2% during the 4th quarter. Adero Partners LLC now owns 2,391 shares of the business services provider's stock worth $335,000 after acquiring an additional 75 shares during the last quarter. 83.47% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group lifted their price objective on shares of Paychex from $152.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 4th. Citigroup upped their price target on shares of Paychex from $145.00 to $158.00 and gave the company a "neutral" rating in a research note on Thursday, March 27th. Morgan Stanley increased their price target on shares of Paychex from $137.00 to $142.00 and gave the company an "equal weight" rating in a report on Thursday, March 27th. Barclays boosted their price objective on Paychex from $140.00 to $155.00 and gave the stock an "equal weight" rating in a report on Monday, March 31st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $148.00 target price on shares of Paychex in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $141.00.

Paychex Price Performance

Paychex stock traded up $2.34 during mid-day trading on Friday, reaching $146.75. 1,918,173 shares of the company were exchanged, compared to its average volume of 1,921,762. The firm has a market cap of $52.86 billion, a PE ratio of 30.89, a PEG ratio of 4.10 and a beta of 0.88. 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 company has a fifty day simple moving average of $148.12 and a 200-day simple moving average of $144.30. Paychex, Inc. has a 12 month low of $115.40 and a 12 month high of $158.37.

Paychex (NASDAQ:PAYX - Get Free Report) last released its earnings results 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. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Paychex had a return on equity of 45.28% and a net margin of 32.02%. Paychex's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.38 EPS. As a group, equities research analysts expect that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

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.