Paychex, Inc. (NASDAQ:PAYX) Stock Position Lifted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. grew its position in Paychex, Inc. (NASDAQ:PAYX) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,180 shares of the business services provider’s stock after acquiring an additional 5,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Paychex were worth $18,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PAYX. Monument Capital Management increased its stake in Paychex by 4.4% during the fourth quarter. Monument Capital Management now owns 1,714 shares of the business services provider’s stock valued at $240,000 after purchasing an additional 72 shares during the last quarter. Mutual Advisors LLC boosted its holdings in shares of Paychex by 2.6% in the 4th quarter. Mutual Advisors LLC now owns 2,881 shares of the business services provider’s stock valued at $423,000 after buying an additional 73 shares during the period. Fortitude Family Office LLC grew its position in shares of Paychex by 42.0% during 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 last quarter. Emerald Advisors LLC raised its stake in Paychex by 2.5% during the fourth quarter. Emerald Advisors LLC now owns 3,017 shares of the business services provider’s stock worth $423,000 after acquiring an additional 74 shares during the period. Finally, Kanawha Capital Management LLC lifted its holdings in Paychex by 1.8% in the third quarter. Kanawha Capital Management LLC now owns 4,283 shares of the business services provider’s stock worth $575,000 after acquiring an additional 75 shares during the last quarter. 83.47% of the stock is owned by institutional investors and hedge funds.

Paychex Stock Performance

PAYX stock opened at $148.76 on Friday. The company has a 50-day simple moving average of $144.99 and a 200 day simple moving average of $140.30. The company has a market capitalization of $53.56 billion, a P/E ratio of 31.32, a PEG ratio of 4.10 and a beta of 1.00. 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, Inc. has a fifty-two week low of $114.72 and a fifty-two week high of $151.86.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $1.08 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 7th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Friday, February 7th. Paychex’s dividend payout ratio (DPR) is presently 82.53%.

Wall Street Analysts Forecast Growth

PAYX has been the topic of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $148.00 price target on shares of Paychex in a research report on Friday, December 20th. 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. Finally, 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 report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. According to data from MarketBeat, Paychex presently 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.