Trilogy Capital Inc. Invests $2.05 Million in Paychex, Inc. (NASDAQ:PAYX)

Trilogy Capital Inc. purchased a new stake in shares of Paychex, Inc. (NASDAQ:PAYX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 14,623 shares of the business services provider’s stock, valued at approximately $2,050,000.

A number of other large investors have also added to or reduced their stakes in the company. Tyche Wealth Partners LLC grew its holdings in Paychex by 38.6% during the 4th quarter. Tyche Wealth Partners LLC now owns 4,541 shares of the business services provider’s stock valued at $637,000 after purchasing an additional 1,264 shares in the last quarter. Absher Wealth Management LLC boosted its stake in Paychex by 4,080.3% during the 4th quarter. Absher Wealth Management LLC now owns 122,400 shares of the business services provider’s stock valued at $17,163,000 after acquiring an additional 119,472 shares during the last quarter. Tectonic Advisors LLC boosted its stake in Paychex by 11.0% during the 4th quarter. Tectonic Advisors LLC now owns 48,920 shares of the business services provider’s stock valued at $6,860,000 after acquiring an additional 4,850 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Paychex by 16.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 347,163 shares of the business services provider’s stock valued at $49,012,000 after acquiring an additional 49,537 shares during the last quarter. Finally, Jackson Wealth Management LLC bought a new position in Paychex during the 4th quarter valued at $3,707,000. 83.47% of the stock is owned by institutional investors and hedge funds.

Paychex Stock Performance

Shares of PAYX opened at $150.87 on Thursday. The firm’s 50 day moving average is $142.83 and its 200-day moving average is $137.71. The stock has a market capitalization of $54.32 billion, a P/E ratio of 31.76, a P/E/G ratio of 4.03 and a beta of 1.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39. Paychex, Inc. has a 12-month low of $114.72 and a 12-month high of $151.01.

Paychex (NASDAQ:PAYX) last announced its earnings results on Thursday, December 19th. The business services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. Paychex had a net margin of 32.02% and a return on equity of 45.28%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 7th will be issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, February 7th. Paychex’s dividend payout ratio is currently 82.53%.

Analyst Upgrades and Downgrades

PAYX has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $148.00 price objective on shares of Paychex in a research note on Friday, December 20th. Barclays raised their price target on shares of Paychex from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, December 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Paychex from $133.00 to $139.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $132.23.

Paychex 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.