Cordatus Wealth Management LLC Grows Stock Holdings in Paychex, Inc. (NASDAQ:PAYX)

Cordatus Wealth Management LLC increased its stake in Paychex, Inc. (NASDAQ:PAYX) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,046 shares of the business services provider’s stock after purchasing an additional 490 shares during the quarter. Cordatus Wealth Management LLC’s holdings in Paychex were worth $2,811,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its stake in shares of Paychex by 38,655.2% in 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 purchasing an additional 797,843 shares during the period. Barclays PLC grew its position 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 buying an additional 552,540 shares during the period. Charles Schwab Investment Management Inc. increased 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 buying an additional 345,682 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Paychex by 2,404.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 330,844 shares of the business services provider’s stock worth $46,391,000 after acquiring an additional 317,634 shares during the period. Finally, Unigestion Holding SA boosted its stake in shares of Paychex by 2,139.2% during the 3rd quarter. Unigestion Holding SA now owns 295,692 shares of the business services provider’s stock worth $39,667,000 after acquiring an additional 282,487 shares during the last quarter. Institutional investors own 83.47% of the company’s stock.

Paychex Trading Up 0.1 %

Shares of PAYX opened at $150.26 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39. Paychex, Inc. has a 1 year low of $114.72 and a 1 year high of $151.72. The company has a 50 day simple moving average of $143.96 and a two-hundred day simple moving average of $139.43. The firm has a market cap of $54.10 billion, a P/E ratio of 31.63, a price-to-earnings-growth ratio of 4.10 and a beta of 1.00.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm posted $1.08 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, equities analysts expect that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

The business also recently disclosed 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. This represents a $3.92 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Friday, February 7th. Paychex’s dividend payout ratio (DPR) is currently 82.53%.

Analyst Ratings Changes

PAYX has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on Paychex from $133.00 to $139.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $148.00 price objective on shares of Paychex in a research note on Friday, December 20th. Finally, Barclays boosted their price objective on Paychex from $135.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to data from MarketBeat.com, Paychex currently has a consensus rating of “Hold” and a consensus price target 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.