Windsor Advisory Group LLC Acquires 5,496 Shares of Paychex, Inc. $PAYX

Windsor Advisory Group LLC lifted its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,760 shares of the business services provider’s stock after acquiring an additional 5,496 shares during the period. Paychex comprises approximately 21.2% of Windsor Advisory Group LLC’s holdings, making the stock its largest holding. Windsor Advisory Group LLC owned about 0.06% of Paychex worth $23,755,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Crawford Investment Counsel Inc. raised its position in shares of Paychex by 7.5% during the 4th quarter. Crawford Investment Counsel Inc. now owns 48,124 shares of the business services provider’s stock valued at $5,399,000 after acquiring an additional 3,346 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Paychex by 88.6% during the 4th quarter. Captrust Financial Advisors now owns 118,802 shares of the business services provider’s stock valued at $13,327,000 after acquiring an additional 55,817 shares in the last quarter. &PARTNERS raised its position in shares of Paychex by 5.2% during the 4th quarter. &PARTNERS now owns 388,940 shares of the business services provider’s stock valued at $43,488,000 after acquiring an additional 19,375 shares in the last quarter. Berkshire Asset Management LLC PA raised its position in shares of Paychex by 4.5% during the 4th quarter. Berkshire Asset Management LLC PA now owns 2,577 shares of the business services provider’s stock valued at $289,000 after acquiring an additional 112 shares in the last quarter. Finally, Cynosure Group LLC acquired a new stake in shares of Paychex during the 4th quarter valued at approximately $482,000. 83.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Guggenheim assumed coverage on Paychex in a research report on Thursday, March 19th. They set a “neutral” rating on the stock. Wells Fargo & Company dropped their price target on Paychex from $116.00 to $95.00 and set an “underweight” rating on the stock in a research report on Thursday, March 26th. JPMorgan Chase & Co. dropped their price target on Paychex from $125.00 to $100.00 and set an “underweight” rating on the stock in a research report on Thursday, March 26th. Argus raised Paychex to a “strong-buy” rating in a research report on Friday, March 27th. Finally, TD Cowen increased their target price on Paychex from $94.00 to $98.00 and gave the stock a “hold” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $109.19.

Paychex Trading Down 0.6%

NASDAQ:PAYX opened at $100.28 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13. Paychex, Inc. has a 1-year low of $85.45 and a 1-year high of $154.29. The firm has a market capitalization of $35.93 billion, a price-to-earnings ratio of 22.09 and a beta of 0.84. The stock has a fifty day simple moving average of $94.30 and a 200 day simple moving average of $99.85.

Paychex (NASDAQ:PAYX) last released its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Paychex had a return on equity of 48.52% and a net margin of 25.84%.The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter last year, the company posted $1.49 EPS. Paychex’s revenue for the quarter was up 19.9% on a year-over-year basis. Sell-side analysts forecast that Paychex, Inc. will post 5.5 earnings per share for the current year.

Paychex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 13th were given a $1.19 dividend. This is a positive change from Paychex’s previous quarterly dividend of $1.08. The ex-dividend date was Wednesday, May 13th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 4.7%. Paychex’s dividend payout ratio is 104.85%.

Paychex Company Profile

Paychex, Inc, founded in 1971 by B. Thomas “Tom” Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company’s core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers’ compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.