Advisors Management Group Inc Adv Lowers stake in Paychex (PAYX)

Paychex (PAYX) : Advisors Management Group Inc Adv reduced its stake in Paychex by 1.25% during the most recent quarter end. The investment management company now holds a total of 44,395 shares of Paychex which is valued at $2,665,032 after selling 564 shares in Paychex , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Paychex makes up approximately 1.82% of Advisors Management Group Inc Adv’s portfolio.

Other Hedge Funds, Including , Crawford Investment Counsel Inc reduced its stake in PAYX by selling 95,525 shares or 10.81% in the most recent quarter. The Hedge Fund company now holds 788,024 shares of PAYX which is valued at $47,305,081. Paychex makes up approx 1.82% of Crawford Investment Counsel Inc’s portfolio.Smith Asset Management Group Lp reduced its stake in PAYX by selling 600 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 224,010 shares of PAYX which is valued at $13,496,603. Paychex makes up approx 0.39% of Smith Asset Management Group Lp’s portfolio.Tnb Financial reduced its stake in PAYX by selling 1,205 shares or 14.63% in the most recent quarter. The Hedge Fund company now holds 7,029 shares of PAYX which is valued at $425,325. Paychex makes up approx 0.11% of Tnb Financial’s portfolio.Capstone Asset Management Co boosted its stake in PAYX in the latest quarter, The investment management firm added 5,475 additional shares and now holds a total of 72,322 shares of Paychex which is valued at $4,419,597. Paychex makes up approx 0.13% of Capstone Asset Management Co’s portfolio.

Paychex opened for trading at $60.69 and hit $60.87 on the upside on Tuesday, eventually ending the session at $60.65, with a gain of 0.45% or 0.27 points. The heightened volatility saw the trading volume jump to 11,71,107 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.

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.