Mcdonald Capital Investors Incca Lowers stake in Paychex (PAYX)

Paychex (PAYX) : Mcdonald Capital Investors Incca reduced its stake in Paychex by 0.42% during the most recent quarter end. The investment management company now holds a total of 2,061,186 shares of Paychex which is valued at $106,996,165 after selling 8,763 shares in Paychex , the firm said in a disclosure report filed with the SEC on May 2, 2016.Paychex makes up approximately 11.27% of Mcdonald Capital Investors Incca’s portfolio.

Paychex opened for trading at $51.06 and hit $51.91 on the upside on Friday, eventually ending the session at $51.91, with a gain of 1.41% or 0.72 points. The heightened volatility saw the trading volume jump to 19,72,946 shares. Company has a market cap of $18,694 M.

Other Hedge Funds, Including , Hendershot Investments boosted its stake in PAYX in the latest quarter, The investment management firm added 3,060 additional shares and now holds a total of 61,947 shares of Paychex which is valued at $3,215,669. Paychex makes up approx 1.65% of Hendershot Investments’s portfolio.Wade G W Inc boosted its stake in PAYX in the latest quarter, The investment management firm added 3,376 additional shares and now holds a total of 78,158 shares of Paychex which is valued at $4,073,595. Paychex makes up approx 0.79% of Wade G W Inc’s portfolio.Yhb Investment Advisors boosted its stake in PAYX in the latest quarter, The investment management firm added 2,868 additional shares and now holds a total of 62,585 shares of Paychex which is valued at $3,271,318. Paychex makes up approx 0.87% of Yhb Investment Advisors’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in PAYX in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 97,611 shares of Paychex which is valued at $5,102,127. Paychex makes up approx 0.09% of Gulf International Bank (uk) Ltd’s portfolio.

On the company’s financial health, Paychex reported $0.50 EPS for the quarter, based on the information available during the earnings call on Mar 30, 2016. Analyst had a consensus estimate of $0.50. The company had revenue of $752.60 million for the quarter, compared to analysts expectations of $751.21 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Paychex. Compass Point Initiated Paychex on Apr 15, 2016 to “Sell”, Price Target of the shares are set at $45.

Paychex Inc. is a provider of integrated payroll human Resource insurance and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and human Resource services; delivering these services; growing its client base through the efforts of its direct sales force; improving client service through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions. The Company offers services and products that allow its clients to meet their diverse payroll and human Resource needs. These include: payroll processing; payroll tax administration services; employee payment services; regulatory compliance services; Paychex HR Services; retirement services administration; insurance services; and online HR administration services.

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