Paychex (PAYX) : Van Cleef Asset Managementinc scooped up 87 additional shares in Paychex during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 130,540 shares of Paychex which is valued at $7,836,316.Paychex makes up approximately 2.59% of Van Cleef Asset Managementinc’s portfolio.
Other Hedge Funds, Including , Zacks Investment Management reduced its stake in PAYX by selling 41,762 shares or 27.37% in the most recent quarter. The Hedge Fund company now holds 110,805 shares of PAYX which is valued at $6,651,624. Paychex makes up approx 0.20% of Zacks Investment Management’s portfolio.Columbia Partners L L C Investment Management boosted its stake in PAYX in the latest quarter, The investment management firm added 432 additional shares and now holds a total of 16,800 shares of Paychex which is valued at $1,008,504. Paychex makes up approx 0.07% of Columbia Partners L L C Investment Management’s portfolio.First Trust Advisors Lp reduced its stake in PAYX by selling 53,506 shares or 10.81% in the most recent quarter. The Hedge Fund company now holds 441,547 shares of PAYX which is valued at $26,210,230. Paychex makes up approx 0.08% of First Trust Advisors Lp’s portfolio.
Paychex opened for trading at $60.8 and hit $61.025 on the upside on Thursday, eventually ending the session at $60.99, with a gain of 0.53% or 0.32 points. The heightened volatility saw the trading volume jump to 12,14,529 shares. Company has a market cap of $21,989 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.