Paychex (PAYX) : Dillon Associates Inc reduced its stake in Paychex by 0.25% during the most recent quarter end. The investment management company now holds a total of 157,741 shares of Paychex which is valued at $9,469,192 after selling 400 shares in Paychex , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Paychex makes up approximately 4.16% of Dillon Associates Inc’s portfolio.
Other Hedge Funds, Including , Clinton Group Inc sold out all of its stake in PAYX during the most recent quarter. The investment firm sold 62,597 shares of PAYX which is valued $3,757,698.Stearns Financial Services Group boosted its stake in PAYX in the latest quarter, The investment management firm added 186 additional shares and now holds a total of 16,879 shares of Paychex which is valued at $1,013,246. Paychex makes up approx 0.28% of Stearns Financial Services Group’s portfolio.Pinebridge Investments boosted its stake in PAYX in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 503 shares of Paychex which is valued at $30,195.Nelson Van Denburg Campbell Wealth Management Group reduced its stake in PAYX by selling 283 shares or 48.54% in the most recent quarter. The Hedge Fund company now holds 300 shares of PAYX which is valued at $17,808. Paychex makes up approx 0.01% of Nelson Van Denburg Campbell Wealth Management Group’s portfolio.Dean Investment Associates boosted its stake in PAYX in the latest quarter, The investment management firm added 941 additional shares and now holds a total of 17,592 shares of Paychex which is valued at $1,029,308. Paychex makes up approx 0.20% of Dean Investment Associates’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.