Paychex, Inc. (NASDAQ:PAYX) is Mcdonald Capital Investors Inc. CA’s 4th Largest Position

Mcdonald Capital Investors Inc. CA trimmed its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 911,646 shares of the business services provider’s stock after selling 10,758 shares during the period. Paychex comprises 8.0% of Mcdonald Capital Investors Inc. CA’s investment portfolio, making the stock its 4th biggest holding. Mcdonald Capital Investors Inc. CA’s holdings in Paychex were worth $127,831,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new stake in Paychex during the 4th quarter valued at $28,000. Avion Wealth boosted its holdings in shares of Paychex by 469.8% during the fourth quarter. Avion Wealth now owns 245 shares of the business services provider’s stock worth $34,000 after purchasing an additional 202 shares during the last quarter. MilWealth Group LLC acquired a new stake in shares of Paychex during the fourth quarter worth $35,000. Quest Partners LLC acquired a new stake in shares of Paychex during the third quarter worth $36,000. Finally, Asset Planning Inc acquired a new stake in shares of Paychex during the fourth quarter worth $36,000. 83.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PAYX has been the topic of several analyst reports. JPMorgan Chase & Co. raised 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. Royal Bank of Canada restated a “sector perform” rating and set a $148.00 price objective on shares of Paychex in a report on Friday, December 20th. UBS Group raised their price objective on Paychex from $152.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. Finally, Barclays increased their target price on Paychex from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. Based on data from MarketBeat.com, Paychex presently has a consensus rating of “Hold” and an average price target of $133.23.

Paychex Stock Up 2.4 %

Shares of Paychex stock opened at $153.48 on Monday. The business has a 50-day moving average of $146.33 and a 200-day moving average of $141.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $55.26 billion, a PE ratio of 32.31, a P/E/G ratio of 4.10 and a beta of 0.98. Paychex, Inc. has a 1-year low of $114.72 and a 1-year high of $154.98.

Paychex (NASDAQ:PAYX) last announced 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 company had revenue of $1.32 billion during 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 company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. As a group, equities analysts forecast that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Friday, February 7th were paid a $0.98 dividend. The ex-dividend date was Friday, February 7th. This represents a $3.92 dividend on an annualized basis and a yield of 2.55%. Paychex’s payout ratio is currently 82.53%.

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.