TD Private Client Wealth LLC Purchases 2,147 Shares of Paychex, Inc. (NASDAQ:PAYX)

TD Private Client Wealth LLC boosted its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,884 shares of the business services provider’s stock after purchasing an additional 2,147 shares during the quarter. TD Private Client Wealth LLC’s holdings in Paychex were worth $6,013,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYX. Union Bancaire Privee UBP SA bought a new stake in shares of Paychex in the 4th quarter valued at about $28,000. Avion Wealth increased its stake 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 acquiring an additional 202 shares during the last quarter. MilWealth Group LLC bought a new stake in shares of Paychex in the 4th quarter valued at about $35,000. Asset Planning Inc bought a new stake in shares of Paychex in the 4th quarter valued at about $36,000. Finally, Quest Partners LLC bought a new stake in shares of Paychex in the 3rd quarter valued at about $36,000. 83.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PAYX has been the subject of a number of recent analyst reports. UBS Group upped their price target on Paychex from $152.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, March 4th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $148.00 price target 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 report on Monday, December 23rd. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $133.23.

Paychex Trading Down 1.6 %

NASDAQ:PAYX opened at $145.23 on Friday. Paychex, Inc. has a twelve month low of $114.72 and a twelve month high of $158.37. 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 business has a 50 day moving average price of $147.70 and a two-hundred day moving average price of $142.55. The company has a market cap of $52.29 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 4.10 and a beta of 0.98.

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, topping analysts’ consensus estimates of $1.12 by $0.02. Paychex had a return on equity of 45.28% and a net margin of 32.02%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. The business’s revenue was up 4.7% on a year-over-year basis. As a group, analysts expect that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 7th were issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Friday, February 7th. Paychex’s payout ratio is presently 82.53%.

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.