JBR Co Financial Management Inc Sells 175 Shares of Paychex, Inc. (NASDAQ:PAYX)

JBR Co Financial Management Inc trimmed its position in Paychex, Inc. (NASDAQ:PAYX) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,024 shares of the business services provider’s stock after selling 175 shares during the quarter. JBR Co Financial Management Inc’s holdings in Paychex were worth $564,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Monument Capital Management grew its stake in shares of Paychex by 4.4% during the fourth quarter. Monument Capital Management now owns 1,714 shares of the business services provider’s stock worth $240,000 after buying an additional 72 shares during the last quarter. Mutual Advisors LLC grew its stake in shares of Paychex by 2.6% during the fourth quarter. Mutual Advisors LLC now owns 2,881 shares of the business services provider’s stock worth $423,000 after buying an additional 73 shares during the last quarter. Fortitude Family Office LLC grew 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 worth $34,000 after buying an additional 74 shares during the last quarter. Emerald Advisors LLC grew its stake in shares of Paychex by 2.5% during the fourth quarter. Emerald Advisors LLC now owns 3,017 shares of the business services provider’s stock worth $423,000 after buying an additional 74 shares during the last quarter. Finally, Kanawha Capital Management LLC grew its stake in shares of Paychex by 1.8% during the third quarter. Kanawha Capital Management LLC now owns 4,283 shares of the business services provider’s stock worth $575,000 after buying an additional 75 shares during the last quarter. 83.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Paychex from $133.00 to $139.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 19th. Barclays boosted their price objective on shares of Paychex from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, December 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $148.00 price objective on shares of Paychex in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. Based on data from MarketBeat.com, Paychex has an average rating of “Hold” and a consensus target price of $132.23.

Paychex Price Performance

PAYX stock opened at $148.51 on Friday. The firm has a market cap of $53.47 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 4.10 and a beta of 1.00. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Paychex, Inc. has a 12-month low of $114.72 and a 12-month high of $151.72. The company’s fifty day simple moving average is $144.11 and its 200 day simple moving average is $139.70.

Paychex (NASDAQ:PAYX) last released its earnings results on Thursday, December 19th. The business services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.02. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. Paychex had a net margin of 32.02% and a return on equity of 45.28%. Paychex’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, analysts expect that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

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

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.