Courier Capital Corp buys $1,934,224 stake in Paychex (PAYX)

Paychex (PAYX) : Courier Capital Corp scooped up 645 additional shares in Paychex during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 33,058 shares of Paychex which is valued at $1,934,224.Paychex makes up approximately 0.38% of Courier Capital Corp’s portfolio.

Other Hedge Funds, Including , Community Bank Trust Waco Texas reduced its stake in PAYX by selling 153 shares or 0.29% in the most recent quarter. The Hedge Fund company now holds 52,937 shares of PAYX which is valued at $3,189,454. Paychex makes up approx 1.71% of Community Bank Trust Waco Texas’s portfolio. American Century Companies Inc sold out all of its stake in PAYX during the most recent quarter. The investment firm sold 312,665 shares of PAYX which is valued $18,838,066.Horan Capital Management reduced its stake in PAYX by selling 700 shares or 4.09% in the most recent quarter. The Hedge Fund company now holds 16,423 shares of PAYX which is valued at $997,533. Paychex makes up approx 0.27% of Horan Capital Management’s portfolio. Cribstone Capital Management added PAYX to its portfolio by purchasing 73 company shares during the most recent quarter which is valued at $4,417.

Paychex opened for trading at $58.4 and hit $58.72 on the upside on Thursday, eventually ending the session at $58.64, with a gain of 0.22% or 0.13 points. The heightened volatility saw the trading volume jump to 17,57,221 shares. Company has a market cap of $21,142 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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