Reviewing the Insider Trends for Paychex, Inc. (PAYX)
- Lucia Bradley
According to Paychex, Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 68.80%. Asset Advisors Corp sold 6,100 shares as the company's stock declined 2.74% while stock markets rallied.
A number of hedge funds have recently added to or reduced their stakes in PAYX. It also increased its holding in Nicolet Nat'l Bankshares by 26,789 shares in the quarter, for a total of 36,079 shares, and has risen its stake in Echo Global Logistics (NASDAQ:ECHO). JPMorgan Chase & Co. increased its position in Paychex by 314.1% in the first quarter. Sun Life Financial INC now owns 2,336 shares of the business services provider's stock worth $133,000 after purchasing an additional 2,326 shares during the period. (NASDAQ:PAYX). Schwab Charles Investment Management Inc reported 0.08% in Paychex, Inc. WI now owns 213,833 shares of the business services provider's stock valued at $12,821,000 after acquiring an additional 2,855 shares during the period. Pennsylvania Trust Co increased its stake in shares of Paychex by 21.9% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,796 shares of the business services provider's stock worth $102,000 after purchasing an additional 11 shares during the period. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Chardan Capital Markets initiated the shares of WAGE in report on Wednesday, November 30 with "Buy" rating. $67.39 was the targeted price for Paychex, Inc. having a 6,875,482 volume of shares. The firm earned "Market Perform" rating on Wednesday, October 4 by BMO Capital Markets.
Mcdonald Capital Investors Inc Ca holds 10.96% of its portfolio in Paychex, Inc. for 2.14 million shares. Robert W. Baird reissued a "hold" rating and set a $64.00 price objective on shares of Paychex in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating and twelve have assigned a hold rating to the company. The price earnings ratio (P/E) ratio helps investors analyze how much they should pay for a stock based on its current earnings. Oak Associates Ltd who had been investing in Paychex Inc. for a number of months, seems to be bullish on the $25.14 billion market cap company.
Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Following the sale, the vice president now owns 21,758 shares in the company, valued at approximately $1,385,984.60.
North Star Asset Management Inc decreased its stake in Federated Investors (FII) by 71.72% based on its latest 2017Q3 regulatory filing with the SEC. (NASDAQ:PAYX) was sold by Vossler Jennifer R. on Friday, October 6. The shares were sold at an average price of $68.29, for a total value of $682,900.00. The total dollar value of all 356.00 million outstanding shares is 24.92 billion. The disclosure for this sale can be found here. Another trade for 34,311 shares valued at $2.36M was sold by Gioja Michael E. Insider data is useful because it can reveal what a company's executives and largest shareholders feel about a stock.
With an estimated value of 25.55 for 2017, Paychex, Inc. has a P/E ratio of 30.04.
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Paychex, Inc. PAYX began its day with a share price of $69.99. This works out to a net increase in ownership of 2.48 million shares, and suggests that institutions are feeling bullish about the stock. ATR is an exponential moving average (consist of 14 trading days) of the True Ranges that is explaining range of a day's trading is high-low.
Paychex (NASDAQ:PAYX) last announced its quarterly earnings data on Thursday, December 21st. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.53 by $0.01. Return on equity is a metric of paramount significance. The business had revenue of $826.50 million for the quarter, compared to the consensus estimate of $823.48 million. The business's quarterly revenue was up 7.1% compared to the same quarter a year ago. On average, equities analysts forecast that Paychex, Inc. will post $2.37 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, July 28th. Paychex's dividend payout ratio is now 60.94%.
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North Star Asset Management Inc, which manages about $1.15B and $1.01B US Long portfolio, upped its stake in Henry Schein (NASDAQ:HSIC) by 8,735 shares to 18,150 shares, valued at $1.49 million in 2017Q3, according to the filing. Vanguard Group Inc. now owns 23,043,348 shares of the business services provider's stock worth $1,312,089,000 after buying an additional 589,880 shares during the last quarter.
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