Good Life Advisors LLC Has $444,000 Holdings in Paychex, Inc. (NASDAQ:PAYX)

Good Life Advisors LLC trimmed its holdings in Paychex, Inc. (NASDAQ:PAYX) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,169 shares of the business services provider’s stock after selling 973 shares during the period. Good Life Advisors LLC’s holdings in Paychex were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PAYX. 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. Avion Wealth boosted its holdings in shares of Paychex by 469.8% in the fourth quarter. Avion Wealth now owns 245 shares of the business services provider’s stock valued at $34,000 after buying an additional 202 shares during the period. MilWealth Group LLC acquired a new position in shares of Paychex in the fourth quarter valued at approximately $35,000. Finally, Quest Partners LLC bought a new stake in shares of Paychex during the third quarter worth $36,000. 83.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays upped their target price on shares of Paychex from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, December 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $148.00 price target on shares of Paychex in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. increased their price objective on Paychex from $133.00 to $139.00 and gave the stock an “underweight” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. According to data from MarketBeat, Paychex currently has a consensus rating of “Hold” and an average price target of $132.23.

Paychex Stock Up 0.1 %

PAYX stock opened at $150.26 on Friday. The company has a market cap of $54.10 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 4.05 and a beta of 1.00. Paychex, Inc. has a twelve month low of $114.72 and a twelve month high of $151.72. The business has a 50 day moving average price of $143.96 and a two-hundred day moving average price of $139.43. 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 released its earnings results on Thursday, December 19th. The business services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Paychex had a net margin of 32.02% and a return on equity of 45.28%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.08 earnings per share. Analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.98 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.92 annualized dividend and a dividend yield of 2.61%. Paychex’s dividend payout ratio is presently 82.53%.

About Paychex

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.