Moisand Fitzgerald Tamayo LLC Has $82,000 Stake in Paychex, Inc. (NASDAQ:PAYX)

Moisand Fitzgerald Tamayo LLC decreased its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 585 shares of the business services provider’s stock after selling 85 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Paychex were worth $82,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PAYX. International Assets Investment Management LLC grew its position in shares of Paychex by 38,655.2% during the 3rd quarter. International Assets Investment Management LLC now owns 799,907 shares of the business services provider’s stock worth $107,340,000 after buying an additional 797,843 shares during the period. Barclays PLC grew its holdings in Paychex by 46.2% during the third quarter. Barclays PLC now owns 1,748,485 shares of the business services provider’s stock valued at $234,627,000 after purchasing an additional 552,540 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Paychex by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,524,870 shares of the business services provider’s stock valued at $1,278,142,000 after purchasing an additional 345,682 shares during the period. Assenagon Asset Management S.A. grew its holdings in Paychex by 2,404.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 330,844 shares of the business services provider’s stock valued at $46,391,000 after purchasing an additional 317,634 shares during the period. Finally, Unigestion Holding SA grew its holdings in Paychex by 2,139.2% during the third quarter. Unigestion Holding SA now owns 295,692 shares of the business services provider’s stock valued at $39,667,000 after purchasing an additional 282,487 shares during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.

Paychex Stock Down 1.2 %

Paychex stock opened at $148.51 on Monday. The stock has a market capitalization of $53.47 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 4.10 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 company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $144.11 and a 200-day moving average of $139.81.

Paychex (NASDAQ:PAYX) last released its quarterly 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 analysts’ expectations of $1.31 billion. Paychex had a net margin of 32.02% and a return on equity of 45.28%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, equities research analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 7th will be given a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Friday, February 7th. Paychex’s dividend payout ratio is presently 82.53%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. 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. Barclays boosted their price objective on shares of Paychex from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, December 23rd. Finally, JPMorgan Chase & Co. boosted their price objective 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 research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Based on data from MarketBeat, the company 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.