Paychex (PAYX) : Hendershot Investments reduced its stake in Paychex by 1.14% during the most recent quarter end. The investment management company now holds a total of 61,242 shares of Paychex which is valued at $3,689,831 after selling 705 shares in Paychex , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Paychex makes up approximately 1.83% of Hendershot Investments’s portfolio.
Other Hedge Funds, Including , Confluence Investment Management boosted its stake in PAYX in the latest quarter, The investment management firm added 27,350 additional shares and now holds a total of 1,117,828 shares of Paychex which is valued at $67,349,137. Paychex makes up approx 1.81% of Confluence Investment Management’s portfolio. Parametrica Management Ltd added PAYX to its portfolio by purchasing 5,855 company shares during the most recent quarter which is valued at $355,633. Paychex makes up approx 0.51% of Parametrica Management Ltd’s portfolio.Tiaa Cref Trust Co Fsbmo reduced its stake in PAYX by selling 335 shares or 1.87% in the most recent quarter. The Hedge Fund company now holds 17,615 shares of PAYX which is valued at $1,069,935. Paychex makes up approx 0.01% of Tiaa Cref Trust Co Fsbmo’s portfolio.Wendell David Associates Inc reduced its stake in PAYX by selling 400 shares or 0.72% in the most recent quarter. The Hedge Fund company now holds 55,270 shares of PAYX which is valued at $3,344,388. Paychex makes up approx 0.64% of Wendell David Associates Inc’s portfolio.
Paychex opened for trading at $59.16 and hit $59.31 on the upside on Friday, eventually ending the session at $59.28, with a gain of 0.14% or 0.08 points. The heightened volatility saw the trading volume jump to 34,74,522 shares. Company has a market cap of $21,372 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.