200 Shares in Paychex, Inc. (NASDAQ:PAYX) Purchased by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new stake in Paychex, Inc. (NASDAQ:PAYX) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 200 shares of the business services provider’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC grew its position in Paychex by 42.0% during the third quarter. Fortitude Family Office LLC now owns 250 shares of the business services provider’s stock worth $34,000 after buying an additional 74 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Paychex during the 3rd quarter valued at $36,000. Quarry LP grew its holdings in shares of Paychex by 152.6% during the 2nd quarter. Quarry LP now owns 293 shares of the business services provider’s stock worth $35,000 after purchasing an additional 177 shares in the last quarter. City Holding Co. bought a new position in shares of Paychex in the fourth quarter worth $42,000. Finally, Dunhill Financial LLC raised its stake in Paychex by 805.9% in the third quarter. Dunhill Financial LLC now owns 308 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 274 shares in the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

Paychex Price Performance

Shares of NASDAQ:PAYX opened at $146.89 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 1.39. Paychex, Inc. has a 52 week low of $114.72 and a 52 week high of $150.71. The firm has a market cap of $52.89 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 3.95 and a beta of 1.00. The firm’s fifty day moving average is $142.45 and its 200-day moving average is $136.86.

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

Paychex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.98 per share. The ex-dividend date is Friday, February 7th. This represents a $3.92 annualized dividend and a yield of 2.67%. Paychex’s payout ratio is 82.53%.

Analyst Ratings Changes

PAYX has been the topic of a number of analyst reports. TD Cowen increased their price objective on shares of Paychex from $126.00 to $131.00 and gave the stock a “hold” rating in a research note on Wednesday, October 2nd. UBS Group lifted their price objective on shares of Paychex from $125.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada restated a “sector perform” rating and set a $148.00 target price on shares of Paychex in a research note on Friday, December 20th. Jefferies Financial Group boosted their price target on Paychex from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus raised their price objective on Paychex from $130.00 to $141.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $132.23.

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.