TFG Advisers LLC Has $583,000 Stock Position in Paychex, Inc. (NASDAQ:PAYX)

TFG Advisers LLC grew its stake in Paychex, Inc. (NASDAQ:PAYX) by 4.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,158 shares of the business services provider’s stock after buying an additional 181 shares during the quarter. TFG Advisers LLC’s holdings in Paychex were worth $583,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in Paychex in the 4th quarter worth $28,000. Fortitude Family Office LLC boosted its position in shares of 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 during the period. MilWealth Group LLC bought a new position in shares of Paychex during the fourth quarter worth about $35,000. Quest Partners LLC acquired a new stake in Paychex in the 3rd quarter valued at approximately $36,000. Finally, Dunhill Financial LLC lifted its stake in Paychex by 805.9% in the 3rd quarter. Dunhill Financial LLC now owns 308 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 274 shares in the last quarter. Institutional investors own 83.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $148.00 price target on shares of Paychex in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted 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, Barclays increased their price objective 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. Two analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $132.23.

Paychex Stock Performance

PAYX opened at $146.74 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The stock has a market cap of $52.84 billion, a price-to-earnings ratio of 30.89, a PEG ratio of 4.10 and a beta of 1.00. Paychex, Inc. has a 12-month low of $114.72 and a 12-month high of $151.72. The business has a 50 day moving average of $143.01 and a 200-day moving average of $137.89.

Paychex (NASDAQ:PAYX) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The firm 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 company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 earnings per share. On average, equities research analysts expect that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The business 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 $0.98 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.92 annualized dividend and a yield of 2.67%. Paychex’s dividend payout ratio is currently 82.53%.

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.