Shoker Investment Counsel buys $1,384,592 stake in Paychex (PAYX)

Paychex (PAYX) : Shoker Investment Counsel scooped up 85 additional shares in Paychex during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 23,065 shares of Paychex which is valued at $1,384,592.Paychex makes up approximately 1.19% of Shoker Investment Counsel’s portfolio.

Other Hedge Funds, Including , Mariner Wealth Advisors boosted its stake in PAYX in the latest quarter, The investment management firm added 9,484 additional shares and now holds a total of 31,638 shares of Paychex which is valued at $1,899,229. Paychex makes up approx 0.10% of Mariner Wealth Advisors’s portfolio.Credit Agricole S A boosted its stake in PAYX in the latest quarter, The investment management firm added 16,892 additional shares and now holds a total of 116,215 shares of Paychex which is valued at $6,976,386. Paychex makes up approx 0.03% of Credit Agricole S A’s portfolio.Dimensional Fund Advisors Lp reduced its stake in PAYX by selling 4,855 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 958,518 shares of PAYX which is valued at $56,629,243. Paychex makes up approx 0.03% of Dimensional Fund Advisors Lp’s portfolio.Eaton Vance Management reduced its stake in PAYX by selling 2,103 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 757,767 shares of PAYX which is valued at $45,390,243. Paychex makes up approx 0.13% of Eaton Vance Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in PAYX by selling 3,453 shares or 4.87% in the most recent quarter. The Hedge Fund company now holds 67,512 shares of PAYX which is valued at $4,002,111. Paychex makes up approx 0.03% of Public Employees Retirement Association Of Colorado’s portfolio.

Paychex opened for trading at $60.68 and hit $60.82 on the upside on Monday, eventually ending the session at $60.65, with a gain of 0.25% or 0.15 points. The heightened volatility saw the trading volume jump to 7,77,524 shares. Company has a market cap of $21,866 M.

On the company’s financial health, Paychex reported $0.49 EPS for the quarter, based on the information available during the earnings call on Jun 30, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $753.90 million for the quarter, compared to analysts expectations of $751.03 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

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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