YHB Investment Advisors Inc. Sells 3,392 Shares of Paychex, Inc. (NASDAQ:PAYX)

YHB Investment Advisors Inc. trimmed its holdings in Paychex, Inc. (NASDAQ:PAYX) by 10.2% in the fourth quarter, Holdings Channel reports. The fund owned 29,947 shares of the business services provider’s stock after selling 3,392 shares during the period. YHB Investment Advisors Inc.’s holdings in Paychex were worth $4,199,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Union Bancaire Privee UBP SA acquired a new position in shares of Paychex in the 4th quarter valued at approximately $28,000. Fortitude Family Office LLC lifted its stake in Paychex by 42.0% in the third quarter. Fortitude Family Office LLC now owns 250 shares of the business services provider’s stock valued at $34,000 after buying an additional 74 shares in the last quarter. Quarry LP boosted its holdings in shares of Paychex by 152.6% in the second quarter. Quarry LP now owns 293 shares of the business services provider’s stock valued at $35,000 after buying an additional 177 shares during the period. Quest Partners LLC bought a new stake in shares of Paychex during the third quarter worth $36,000. Finally, Dunhill Financial LLC raised its holdings in shares of Paychex by 805.9% during the third quarter. Dunhill Financial LLC now owns 308 shares of the business services provider’s stock worth $41,000 after acquiring an additional 274 shares during the period. 83.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PAYX has been the subject of a number of research analyst reports. Stifel Nicolaus upped their target price on shares of Paychex from $130.00 to $141.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. UBS Group increased their price objective on Paychex from $125.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Jefferies Financial Group lifted their target price on Paychex from $120.00 to $130.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley upped their price target on Paychex from $122.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $148.00 price objective on shares of Paychex in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $132.23.

Paychex Stock Performance

NASDAQ PAYX opened at $148.04 on Tuesday. Paychex, Inc. has a 12-month low of $114.72 and a 12-month high of $150.71. The firm has a 50-day moving average price of $142.19 and a two-hundred day moving average price of $136.43. The company has a market capitalization of $53.30 billion, a P/E ratio of 31.17, a P/E/G ratio of 3.95 and a beta of 1.00. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.20.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. Paychex had a return on equity of 45.28% and a net margin of 32.02%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. Analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, February 7th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 2.65%. The ex-dividend date is Friday, February 7th. Paychex’s dividend payout ratio is currently 82.53%.

Paychex Company 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.