Capital Advisors Inc. OK Acquires 2,707 Shares of Paychex, Inc. (NASDAQ:PAYX)

Capital Advisors Inc. OK raised its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 275,700 shares of the business services provider’s stock after purchasing an additional 2,707 shares during the quarter. Capital Advisors Inc. OK’s holdings in Paychex were worth $38,659,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PAYX. Union Bancaire Privee UBP SA purchased a new position in shares of Paychex during the fourth quarter valued at $28,000. Fortitude Family Office LLC increased its stake 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 valued at $34,000 after buying an additional 74 shares during the period. MilWealth Group LLC purchased a new position in shares of Paychex during the fourth quarter valued at $35,000. Quest Partners LLC purchased a new position in shares of Paychex during the third quarter valued at $36,000. Finally, City Holding Co. purchased a new position in shares of Paychex during the fourth quarter valued at $42,000. 83.47% of the stock is currently owned by institutional investors.

Paychex Price Performance

Shares of NASDAQ PAYX opened at $146.10 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $52.60 billion, a PE ratio of 30.76, a P/E/G ratio of 4.10 and a beta of 1.00. The business has a 50-day simple moving average of $143.06 and a two-hundred day simple moving average of $138.42. Paychex, Inc. has a fifty-two week low of $114.72 and a fifty-two week high of $151.72.

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 the consensus estimate of $1.12 by $0.02. The business 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share. As a group, equities analysts expect that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 7th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, February 7th. Paychex’s dividend payout ratio (DPR) is 82.53%.

Analysts Set New Price Targets

Several equities analysts have recently commented on PAYX shares. Barclays raised their price target on Paychex from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, December 23rd. JPMorgan Chase & Co. raised their price target on Paychex from $133.00 to $139.00 and gave the company an “underweight” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $148.00 target price on shares of Paychex in a research note on Friday, December 20th. Two investment 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 currently has an average rating of “Hold” and a consensus price target 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.