Paychex (PAYX) : Hengehold Capital Management reduced its stake in Paychex by 1.6% during the most recent quarter end. The investment management company now holds a total of 40,491 shares of Paychex which is valued at $2,116,465 after selling 660 shares in Paychex , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Paychex makes up approximately 0.67% of Hengehold Capital Management’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 , Hartford Financial Management boosted its stake in PAYX in the latest quarter, The investment management firm added 2,261 additional shares and now holds a total of 17,881 shares of Paychex which is valued at $934,640. Paychex makes up approx 0.56% of Hartford Financial Management’s portfolio.Davis R M Inc boosted its stake in PAYX in the latest quarter, The investment management firm added 2,650 additional shares and now holds a total of 7,150 shares of Paychex which is valued at $373,731. Paychex makes up approx 0.02% of Davis R M Inc’s portfolio.Sigma Planning Corp boosted its stake in PAYX in the latest quarter, The investment management firm added 490 additional shares and now holds a total of 20,692 shares of Paychex which is valued at $1,081,571. Paychex makes up approx 0.15% of Sigma Planning Corp’s portfolio.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.
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.