Rfg Advisory Group buys $526,046 stake in Paychex (PAYX)

Paychex (PAYX) : Rfg Advisory Group scooped up 2,277 additional shares in Paychex during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 10,173 shares of Paychex which is valued at $526,046.Paychex makes up approximately 0.41% of Rfg Advisory Group’s portfolio.

Other Hedge Funds, Including , Verity Asset Management sold out all of its stake in PAYX during the most recent quarter. The investment firm sold 4,408 shares of PAYX which is valued $227,938. Hanlon Investment Management sold out all of its stake in PAYX during the most recent quarter. The investment firm sold 79,284 shares of PAYX which is valued $4.1 Million.Thrivent Financial For Lutherans boosted its stake in PAYX in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 9,480 shares of Paychex which is valued at $490,211.Thompson Siegel Walmsley boosted its stake in PAYX in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 1,410 shares of Paychex which is valued at $72,911. Cg Asset Management sold out all of its stake in PAYX during the most recent quarter. The investment firm sold 4,100 shares of PAYX which is valued $212,011.

Paychex opened for trading at $53.23 and hit $53.71 on the upside on Wednesday, eventually ending the session at $53.67, with a gain of 1.11% or 0.59 points. The heightened volatility saw the trading volume jump to 19,59,397 shares. Company has a market cap of $19,328 M.

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.

Leave a Reply

Paychex - Is it time to Sell?

Top Brokerage Firms are advising their investors on Paychex. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.