Paychex, Inc. (PAYX) Holdings Raised by Chilton Investment Co. LLC
Chilton Investment Co. LLC boosted its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 21.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 39,801 shares of the business services provider’s stock after acquiring an additional 6,980 shares during the quarter. Chilton Investment Co. LLC’s holdings in Paychex were worth $2,710,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PAYX. Field & Main Bank bought a new stake in Paychex during the 4th quarter worth approximately $101,000. Acadian Asset Management LLC bought a new stake in Paychex during the 4th quarter worth approximately $109,000. Calton & Associates Inc. bought a new stake in Paychex during the 4th quarter worth approximately $151,000. Bank of Nova Scotia Trust Co. bought a new stake in Paychex during the 3rd quarter worth approximately $188,000. Finally, Cpwm LLC bought a new stake in Paychex during the 4th quarter worth approximately $205,000. Institutional investors own 67.98% of the company’s stock.
In related news, insider Michael E. Gioja sold 34,311 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $68.91, for a total value of $2,364,371.01. Following the sale, the insider now owns 63,374 shares in the company, valued at $4,367,102.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jennifer R. Vossler sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $68.29, for a total transaction of $682,900.00. Following the completion of the sale, the vice president now owns 31,578 shares in the company, valued at approximately $2,156,461.62. The disclosure for this sale can be found here. Insiders own 11.70% of the company’s stock.
Shares of Paychex, Inc. (NASDAQ:PAYX) opened at $64.16 on Friday. The stock has a market cap of $23,030.00, a P/E ratio of 27.54, a PEG ratio of 3.48 and a beta of 0.95. Paychex, Inc. has a 1 year low of $54.20 and a 1 year high of $73.10.
Paychex (NASDAQ:PAYX) last announced its quarterly earnings results on Thursday, December 21st. The business services provider reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. Paychex had a net margin of 26.02% and a return on equity of 42.80%. The company had revenue of $826.50 million for the quarter, compared to analysts’ expectations of $823.48 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. Paychex’s quarterly revenue was up 7.1% on a year-over-year basis. equities analysts expect that Paychex, Inc. will post 2.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, January 31st. Paychex’s dividend payout ratio is presently 85.84%.
Paychex Company Profile
Paychex, Inc is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.
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