Van ECK Associates Corp lifted its stake in Paychex, Inc. (NASDAQ:PAYX – Free Report) by 10.5% in the course of the third quarter, based on the corporate in its most up-to-date Type 13F submitting with the Securities and Alternate Fee. The fund owned 86,638 shares of the enterprise providers supplier’s inventory after buying a further 8,208 shares in the course of the interval. Van ECK Associates Corp’s holdings in Paychex have been price $12,253,000 on the finish of the latest reporting interval.
A variety of different institutional traders and hedge funds have additionally purchased and bought shares of PAYX. CVA Household Workplace LLC elevated its holdings in shares of Paychex by 5.6% in the course of the third quarter. CVA Household Workplace LLC now owns 1,388 shares of the enterprise providers supplier’s inventory price $186,000 after buying a further 74 shares in the course of the interval. Fortitude Household Workplace LLC raised its holdings in Paychex by 42.0% within the third quarter. Fortitude Household Workplace LLC now owns 250 shares of the enterprise providers supplier’s inventory valued at $34,000 after buying a further 74 shares within the final quarter. Daymark Wealth Companions LLC lifted its place in shares of Paychex by 0.8% within the 2nd quarter. Daymark Wealth Companions LLC now owns 9,847 shares of the enterprise providers supplier’s inventory price $1,167,000 after buying a further 82 shares in the course of the interval. Commerzbank Aktiengesellschaft FI elevated its place in shares of Paychex by 1.2% in the course of the second quarter. Commerzbank Aktiengesellschaft FI now owns 7,362 shares of the enterprise providers supplier’s inventory valued at $873,000 after buying a further 85 shares in the course of the interval. Lastly, Geneos Wealth Administration Inc. elevated its place in shares of Paychex by 3.8% in the course of the first quarter. Geneos Wealth Administration Inc. now owns 2,543 shares of the enterprise providers supplier’s inventory valued at $312,000 after buying a further 92 shares in the course of the interval. Institutional traders personal 83.47% of the corporate’s inventory.
Paychex Buying and selling Up 0.1 %
Shares of NASDAQ PAYX opened at $139.76 on Wednesday. Paychex, Inc. has a 1-year low of $109.98 and a 1-year excessive of $144.17. The corporate has a 50-day shifting common of $136.69 and a two-hundred day shifting common of $127.78. The corporate has a market cap of $50.30 billion, a PE ratio of 29.80, a P/E/G ratio of three.82 and a beta of 0.99. The corporate has a present ratio of 1.38, a fast ratio of 1.38 and a debt-to-equity ratio of 0.21.
Paychex (NASDAQ:PAYX – Get Free Report) final posted its quarterly earnings information on Tuesday, October 1st. The enterprise providers supplier reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.02. The agency had income of $1.32 billion in the course of the quarter, in comparison with analysts’ expectations of $1.31 billion. Paychex had a internet margin of 31.98% and a return on fairness of 45.97%. Paychex’s income was up 2.5% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the corporate posted $1.14 EPS. As a gaggle, equities analysts count on that Paychex, Inc. will submit 4.98 earnings per share for the present fiscal 12 months.
Paychex Declares Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which might be paid on Wednesday, November twenty seventh. Buyers of file on Thursday, November seventh might be given a $0.98 dividend. The ex-dividend date of this dividend is Thursday, November seventh. This represents a $3.92 dividend on an annualized foundation and a yield of two.80%. Paychex’s payout ratio is 83.58%.
Analyst Upgrades and Downgrades
PAYX has been the subject of quite a lot of current analysis stories. Stifel Nicolaus lifted their worth goal on shares of Paychex from $130.00 to $141.00 and gave the inventory a “maintain” ranking in a analysis be aware on Wednesday, October 2nd. Morgan Stanley lifted their goal worth on shares of Paychex from $122.00 to $133.00 and gave the corporate an “equal weight” ranking in a analysis report on Wednesday, October 2nd. TD Cowen elevated their worth goal on shares of Paychex from $126.00 to $131.00 and gave the inventory a “maintain” ranking in a analysis report on Wednesday, October 2nd. UBS Group upped their worth goal on Paychex from $125.00 to $142.00 and gave the corporate a “impartial” ranking in a analysis be aware on Wednesday, October 2nd. Lastly, Royal Financial institution of Canada raised their goal worth on Paychex from $130.00 to $148.00 and gave the inventory a “sector carry out” ranking in a analysis report on Wednesday, October 2nd. Two funding analysts have rated the inventory with a promote ranking and eleven have assigned a maintain ranking to the corporate’s inventory. Based mostly on information from MarketBeat, the inventory presently has a consensus ranking of “Maintain” and a consensus worth goal of $130.77.
Verify Out Our Newest Inventory Report on PAYX
Insiders Place Their Bets
In different information, CFO Robert L. Schrader bought 13,015 shares of the agency’s inventory in a transaction dated Tuesday, October fifteenth. The shares have been bought at a mean worth of $142.35, for a complete worth of $1,852,685.25. Following the transaction, the chief monetary officer now owns 17,362 shares of the corporate’s inventory, valued at roughly $2,471,480.70. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is offered by means of this hyperlink. In different Paychex information, VP Michael E. Gioja bought 26,428 shares of the corporate’s inventory in a transaction on Wednesday, October ninth. The shares have been bought at a mean worth of $139.03, for a complete transaction 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. The commerce was a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. Additionally, CFO Robert L. Schrader bought 13,015 shares of the agency’s inventory in a transaction on Tuesday, October fifteenth. The inventory was bought at a mean worth 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 within the firm, valued at $2,471,480.70. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. Within the final three months, insiders bought 54,174 shares of firm inventory valued at $7,577,231. 11.40% of the inventory is at present owned by insiders.
Paychex Firm Profile
Paychex, Inc, along with its subsidiaries, gives built-in human capital administration options (HCM) for payroll, advantages, human assets (HR), and insurance coverage providers for small to medium-sized companies in the USA, Europe, and India. It presents payroll processing providers; payroll tax administration providers; worker fee providers; and regulatory compliance providers, resembling new-hire reporting and garnishment processing.
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