Cullinan Associates Inc. minimize its stake in shares of Paychex, Inc. (NASDAQ:PAYX – Get Score) by 1.9% throughout the fourth quarter, in response to the corporate in its most up-to-date Kind 13F submitting with the SEC. The agency owned 156,880 shares of the enterprise companies supplier’s inventory after promoting 3,053 shares throughout the quarter. Paychex makes up roughly 1.0% of Cullinan Associates Inc.’s holdings, making the inventory its nineteenth greatest holding. Cullinan Associates Inc.’s holdings in Paychex have been value $18,129,000 on the finish of the latest reporting interval.
Different institutional buyers have additionally modified their holdings of the corporate. Syntal Capital Companions LLC lifted its stake in shares of Paychex by 0.9% throughout the third quarter. Syntal Capital Companions LLC now owns 9,598 shares of the enterprise companies supplier’s inventory value $1,076,000 after shopping for a further 85 shares throughout the interval. Vantage Consulting Group Inc elevated its holdings in Paychex by 4.9% within the second quarter. Vantage Consulting Group Inc now owns 1,884 shares of the enterprise companies supplier’s inventory valued at $215,000 after shopping for a further 88 shares within the final quarter. Rehmann Capital Advisory Group elevated its holdings in Paychex by 3.1% within the second quarter. Rehmann Capital Advisory Group now owns 2,930 shares of the enterprise companies supplier’s inventory valued at $334,000 after shopping for a further 89 shares within the final quarter. Discussion board Monetary Administration LP elevated its stake in shares of Paychex by 2.9% throughout the third quarter. Discussion board Monetary Administration LP now owns 3,216 shares of the enterprise companies supplier’s inventory value $361,000 after buying a further 90 shares within the final quarter. Lastly, Penserra Capital Administration LLC elevated its stake in shares of Paychex by 6.3% throughout the first quarter. Penserra Capital Administration LLC now owns 1,535 shares of the enterprise companies supplier’s inventory value $209,000 after buying a further 91 shares within the final quarter. 71.14% of the inventory is owned by hedge funds and different institutional buyers.
Paychex Inventory Efficiency
Shares of NASDAQ:PAYX opened at $107.53 on Friday. The enterprise has a 50-day shifting common of $114.36 and a two-hundred day shifting common of $116.57. The agency has a market capitalization of $38.76 billion, a PE ratio of 26.55, a P/E/G ratio of three.41 and a beta of 0.98. The corporate has a debt-to-equity ratio of 0.25, a present ratio of 1.30 and a fast ratio of 1.30. Paychex, Inc. has a 12 month low of $105.66 and a 12 month excessive of $141.92.
Paychex (NASDAQ:PAYX – Get Score) final posted its earnings outcomes on Thursday, December twenty second. The enterprise companies supplier reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The agency had income of $1.17 billion throughout the quarter, in comparison with the consensus estimate of $1.18 billion. Paychex had a web margin of 30.45% and a return on fairness of 45.50%. The corporate’s income was up 5.4% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the corporate earned $0.91 EPS. As a gaggle, analysis analysts forecast that Paychex, Inc. will submit 4.25 earnings per share for the present 12 months.
Paychex Broadcasts Dividend
The agency additionally just lately introduced a quarterly dividend, which was paid on Thursday, February twenty third. Traders of file on Thursday, February ninth have been issued a dividend of $0.79 per share. The ex-dividend date of this dividend was Wednesday, February eighth. This represents a $3.16 annualized dividend and a dividend yield of two.94%. Paychex’s payout ratio is 78.02%.
Insider Shopping for and Promoting
In different Paychex information, VP Michael E. Gioja offered 13,744 shares of the agency’s inventory in a transaction dated Wednesday, December twenty eighth. The inventory was offered at a mean value of $115.30, for a complete worth of $1,584,683.20. Following the transaction, the vice chairman now straight owns 33,268 shares of the corporate’s inventory, valued at $3,835,800.40. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is accessible at the SEC web site. 11.50% of the inventory is owned by company insiders.
Analysts Set New Value Targets
Quite a few equities analysts just lately weighed in on the inventory. Citigroup lowered their value goal on shares of Paychex from $131.00 to $119.00 in a analysis report on Friday, December twenty third. Evercore ISI dropped their value goal on shares of Paychex from $117.00 to $114.00 in a analysis report on Tuesday, December twenty seventh. JPMorgan Chase & Co. dropped their value goal on shares of Paychex from $121.00 to $119.00 and set an “underweight” ranking on the inventory in a analysis report on Friday, December twenty third. Morgan Stanley lowered their goal value on shares of Paychex from $130.00 to $125.00 and set an “equal weight” ranking for the corporate in a report on Friday, December twenty third. Lastly, Moffett Nathanson upped their goal value on shares of Paychex to $130.00 in a report on Friday, December 2nd. Two analysis analysts have rated the inventory with a promote ranking, six have issued a maintain ranking and three have given a purchase ranking to the inventory. Based mostly on knowledge from MarketBeat.com, the corporate has a mean ranking of “Maintain” and a mean goal value of $123.69.
Paychex Firm Profile
Paychex, Inc engages within the provision of human capital administration options for payroll, human sources, insurance coverage and retirement for small and medium-sized companies. Its options embody payroll companies, hiring companies, enterprise insurance coverage, time and attendance, worker advantages, finance and funds, human sources companies and startup companies.
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