Paychex (PAYX) : Asset Advisors Corp scooped up 11,750 additional shares in Paychex during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 216,795 shares of Paychex which is valued at $11,331,875.Paychex makes up approximately 2.44% of Asset Advisors Corp’s portfolio.
Paychex closed down -0.02 points or -0.04% at $52.27 with 16,52,262 shares getting traded on Friday. Post opening the session at $52.28, the shares hit an intraday low of $52.08 and an intraday high of $52.67 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Umb Bank N Amo boosted its stake in PAYX in the latest quarter, The investment management firm added 87,699 additional shares and now holds a total of 366,992 shares of Paychex which is valued at $19,182,672. Paychex makes up approx 0.81% of Umb Bank N Amo’s portfolio.Private Trust Co Na boosted its stake in PAYX in the latest quarter, The investment management firm added 312 additional shares and now holds a total of 6,927 shares of Paychex which is valued at $362,074. Paychex makes up approx 0.10% of Private Trust Co Na’s portfolio. Simplex Trading sold out all of its stake in PAYX during the most recent quarter. The investment firm sold 17,438 shares of PAYX which is valued $921,947.Capstone Asset Management Co reduced its stake in PAYX by selling 1,920 shares or 2.79% in the most recent quarter. The Hedge Fund company now holds 66,847 shares of PAYX which is valued at $3,534,201. Paychex makes up approx 0.10% of Capstone Asset Management Co’s portfolio.Filament reduced its stake in PAYX by selling 1,000 shares or 16.67% in the most recent quarter. The Hedge Fund company now holds 5,000 shares of PAYX which is valued at $263,400. Paychex makes up approx 0.13% of Filament’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.