Hendershot Investments Inc. lowered its position in shares of Paychex, Inc. (NASDAQ:PAYX – Free Report) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 66,014 shares of the business services provider’s stock after selling 263 shares during the quarter. Paychex accounts for about 1.3% of Hendershot Investments Inc.’s holdings, making the stock its 28th biggest position. Hendershot Investments Inc.’s holdings in Paychex were worth $9,256,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of the business. Union Bancaire Privee UBP SA bought a new stake in Paychex in the fourth quarter valued at $28,000. Fortitude Family Office LLC grew its stake in shares of Paychex by 42.0% in the 3rd 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 during the period. MilWealth Group LLC bought a new stake in Paychex in the 4th quarter valued at about $35,000. Quest Partners LLC acquired a new position in Paychex during the 3rd quarter worth approximately $36,000. Finally, Dunhill Financial LLC raised its stake in Paychex by 805.9% during the 3rd quarter. Dunhill Financial LLC now owns 308 shares of the business services provider’s stock worth $41,000 after buying an additional 274 shares during the period. 83.47% of the stock is currently owned by institutional investors and hedge funds.
Paychex Stock Down 2.2 %
Paychex stock opened at $146.74 on Friday. Paychex, Inc. has a fifty-two week low of $114.72 and a fifty-two week high of $151.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 1.39. The firm’s 50-day simple moving average is $143.02 and its 200 day simple moving average is $138.05. The stock has a market cap of $52.84 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 4.10 and a beta of 1.00.
Paychex Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, February 7th will be paid a $0.98 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.92 dividend on an annualized basis and a yield of 2.67%. Paychex’s dividend payout ratio (DPR) is presently 82.53%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Barclays boosted their price objective on Paychex from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, December 23rd. JPMorgan Chase & Co. boosted their price target on shares of Paychex from $133.00 to $139.00 and gave the company an “underweight” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $148.00 price objective on shares of Paychex in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $132.23.
Get Our Latest Research Report on Paychex
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.
See Also
- Five stocks we like better than Paychex
- Best Aerospace Stocks Investing
- Chipotle’s Slip: A Short-Term Dip or Long-Term Opportunity?
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Why New Tariffs Could Boost These 3 Basic Materials Stocks
- The Significance of Brokerage Rankings in Stock Selection
- MarketBeat Week in Review – 02/03 – 02/07
Want to see what other hedge funds are holding PAYX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paychex, Inc. (NASDAQ:PAYX – Free Report).
Receive News & Ratings for Paychex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paychex and related companies with MarketBeat.com's FREE daily email newsletter.