Catalyst Capital Advisors LLC grew its place in shares of Paychex, Inc. (NASDAQ:PAYX – Free Report) by 105.2% throughout the third quarter, in line with its most up-to-date submitting with the Securities and Alternate Fee (SEC). The fund owned 714 shares of the enterprise providers supplier’s inventory after shopping for a further 366 shares throughout the interval. Catalyst Capital Advisors LLC’s holdings in Paychex had been value $96,000 on the finish of the newest reporting interval.
Different institutional traders have additionally just lately made adjustments to their positions within the firm. Vanguard Group Inc. lifted its holdings in Paychex by 0.4% throughout the 1st quarter. Vanguard Group Inc. now owns 30,541,306 shares of the enterprise providers supplier’s inventory value $3,750,472,000 after buying a further 123,268 shares within the final quarter. Capital Worldwide Traders lifted its holdings in Paychex by 12.8% throughout the 1st quarter. Capital Worldwide Traders now owns 20,878,283 shares of the enterprise providers supplier’s inventory value $2,563,853,000 after buying a further 2,373,894 shares within the final quarter. Capital World Traders lifted its holdings in Paychex by 155.6% throughout the 1st quarter. Capital World Traders now owns 2,478,325 shares of the enterprise providers supplier’s inventory value $304,338,000 after buying a further 1,508,681 shares within the final quarter. Dimensional Fund Advisors LP lifted its holdings in Paychex by 19.5% throughout the 2nd quarter. Dimensional Fund Advisors LP now owns 2,356,262 shares of the enterprise providers supplier’s inventory value $279,351,000 after buying a further 384,184 shares within the final quarter. Lastly, TD Asset Administration Inc lifted its holdings in Paychex by 57.2% throughout the 1st quarter. TD Asset Administration Inc now owns 2,179,930 shares of the enterprise providers supplier’s inventory value $267,695,000 after buying a further 793,468 shares within the final quarter. Hedge funds and different institutional traders personal 83.47% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
PAYX has been the subject of a variety of current analysis studies. UBS Group elevated their value goal on Paychex from $125.00 to $142.00 and gave the inventory a “impartial” score in a report on Wednesday, October 2nd. Jefferies Monetary Group upped their goal value on Paychex from $120.00 to $130.00 and gave the inventory a “maintain” score in a analysis observe on Wednesday, October 2nd. Stifel Nicolaus upped their goal value on Paychex from $130.00 to $141.00 and gave the inventory a “maintain” score in a analysis observe on Wednesday, October 2nd. Barclays upped their goal value on Paychex from $118.00 to $132.00 and gave the inventory an “equal weight” score in a analysis observe on Monday, September twenty third. Lastly, TD Cowen upped their goal value on Paychex from $126.00 to $131.00 and gave the inventory a “maintain” score in a analysis observe on Wednesday, October 2nd. Two analysis analysts have rated the inventory with a promote score and eleven have assigned a maintain score to the corporate’s inventory. In keeping with MarketBeat.com, the corporate presently has a mean score of “Maintain” and a consensus value goal of $130.77.
View Our Newest Inventory Report on Paychex
Paychex Buying and selling Up 6.3 %
Shares of PAYX inventory opened at $148.59 on Thursday. The inventory has a market capitalization of $53.48 billion, a PE ratio of 31.68, a P/E/G ratio of three.84 and a beta of 0.99. Paychex, Inc. has a 1-year low of $110.82 and a 1-year excessive of $149.26. The enterprise has a 50-day shifting common of $137.06 and a 200 day shifting common of $127.93. The corporate has a debt-to-equity ratio of 0.21, a present ratio of 1.38 and a fast ratio of 1.38.
Paychex (NASDAQ:PAYX – Get Free Report) final issued its earnings outcomes on Tuesday, October 1st. The enterprise providers supplier reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.02. The corporate had income of $1.32 billion throughout the quarter, in comparison with analysts’ expectations of $1.31 billion. Paychex had a return on fairness of 45.97% and a internet margin of 31.98%. Paychex’s quarterly income was up 2.5% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the enterprise posted $1.14 EPS. As a gaggle, sell-side analysts anticipate that Paychex, Inc. will submit 4.98 earnings per share for the present yr.
Paychex Dividend Announcement
The agency additionally just lately disclosed a quarterly dividend, which shall be paid on Wednesday, November twenty seventh. Shareholders of document on Thursday, November seventh shall be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of two.64%. The ex-dividend date is Thursday, November seventh. Paychex’s dividend payout ratio (DPR) is at the moment 83.58%.
Insiders Place Their Bets
In different Paychex information, VP Michael E. Gioja offered 26,428 shares of the inventory in a transaction that occurred on Wednesday, October ninth. The inventory was offered at a mean value of $139.03, for a complete worth of $3,674,284.84. Following the completion of the sale, the vice chairman now owns 14,515 shares within the firm, valued at roughly $2,018,020.45. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a submitting with the SEC, which will be accessed via the SEC web site. In different Paychex information, VP Michael E. Gioja offered 26,428 shares of the inventory in a transaction that occurred on Wednesday, October ninth. The inventory was offered at a mean value of $139.03, for a complete worth of $3,674,284.84. Following the completion of the sale, the vice chairman now owns 14,515 shares within the firm, valued at roughly $2,018,020.45. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a submitting with the SEC, which will be accessed via the SEC web site. Additionally, CFO Robert L. Schrader offered 13,015 shares of the agency’s inventory in a transaction that occurred on Tuesday, October fifteenth. The shares had been offered at a mean value of $142.35, for a complete worth of $1,852,685.25. Following the completion of the transaction, the chief monetary officer now owns 17,362 shares of the corporate’s inventory, valued at roughly $2,471,480.70. The commerce was a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Within the final 90 days, insiders offered 54,174 shares of firm inventory value $7,577,231. 11.40% of the inventory is at the moment owned by firm insiders.
About Paychex
Paychex, Inc, along with its subsidiaries, supplies built-in human capital administration options (HCM) for payroll, advantages, human assets (HR), and insurance coverage providers for small to medium-sized companies in america, Europe, and India. It affords payroll processing providers; payroll tax administration providers; worker cost providers; and regulatory compliance providers, reminiscent of new-hire reporting and garnishment processing.
Learn Extra
Obtain Information & Scores for Paychex Day by day – Enter your electronic mail handle under to obtain a concise every day abstract of the newest information and analysts’ scores for Paychex and associated corporations with MarketBeat.com’s FREE every day electronic mail e-newsletter.
