Mission Wealth Management LP Has $561,000 Stock Position in Paychex, Inc. (NASDAQ:PAYX)

Mission Wealth Management LP lowered its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,003 shares of the business services provider’s stock after selling 69 shares during the quarter. Mission Wealth Management LP’s holdings in Paychex were worth $561,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PAYX. Union Bancaire Privee UBP SA acquired a new stake in shares of Paychex in the 4th quarter valued at approximately $28,000. Avion Wealth boosted its holdings in shares of Paychex by 469.8% in the 4th quarter. Avion Wealth now owns 245 shares of the business services provider’s stock valued at $34,000 after buying an additional 202 shares during the last quarter. MilWealth Group LLC acquired a new stake in shares of Paychex in the 4th quarter valued at approximately $35,000. Asset Planning Inc acquired a new stake in shares of Paychex in the 4th quarter valued at approximately $36,000. Finally, Quest Partners LLC acquired a new stake in shares of Paychex in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.47% of the company’s stock.

Paychex Stock Up 0.1 %

PAYX stock opened at $152.10 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $54.77 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 4.10 and a beta of 1.00. The business’s fifty day moving average price is $145.94 and its two-hundred day moving average price is $141.17. Paychex, Inc. has a fifty-two week low of $114.72 and a fifty-two week high of $154.98.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data 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 firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 EPS. On average, equities analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Friday, February 7th were given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Friday, February 7th. Paychex’s payout ratio is 82.53%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays increased their price objective on Paychex from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, December 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $148.00 price target on shares of Paychex in a report on Friday, December 20th. UBS Group raised their price target on Paychex from $152.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on Paychex from $133.00 to $139.00 and gave the company an “underweight” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to MarketBeat, Paychex has an average rating of “Hold” and an average price target of $133.23.

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.