Capital Advisors Inc. OK Buys 2,707 Shares of Paychex, Inc. (NASDAQ:PAYX)

Capital Advisors Inc. OK grew its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 275,700 shares of the business services provider’s stock after purchasing an additional 2,707 shares during the quarter. Capital Advisors Inc. OK owned approximately 0.08% of Paychex worth $38,659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PAYX. CWM LLC increased its position in shares of Paychex by 13.9% during the 3rd quarter. CWM LLC now owns 18,998 shares of the business services provider’s stock valued at $2,549,000 after purchasing an additional 2,321 shares during the last quarter. Procyon Advisors LLC increased its holdings in Paychex by 36.5% in the 3rd quarter. Procyon Advisors LLC now owns 5,494 shares of the business services provider’s stock worth $737,000 after acquiring an additional 1,470 shares in the last quarter. Cornell Pochily Investment Advisors Inc. increased its holdings in Paychex by 0.9% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 15,689 shares of the business services provider’s stock worth $2,105,000 after acquiring an additional 145 shares in the last quarter. Richwood Investment Advisors LLC increased its holdings in Paychex by 14.3% in the 3rd quarter. Richwood Investment Advisors LLC now owns 1,997 shares of the business services provider’s stock worth $268,000 after acquiring an additional 250 shares in the last quarter. Finally, RDA Financial Network increased its holdings in Paychex by 39.9% in the 3rd quarter. RDA Financial Network now owns 4,553 shares of the business services provider’s stock worth $611,000 after acquiring an additional 1,299 shares in the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $148.00 target price on shares of Paychex in a report on Friday, December 20th. Barclays increased their price objective on shares of Paychex from $135.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, December 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Paychex from $133.00 to $139.00 and gave the company an “underweight” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. According to data from MarketBeat.com, Paychex presently has a consensus rating of “Hold” and a consensus target price of $132.23.

Paychex Stock Down 0.6 %

NASDAQ PAYX opened at $146.10 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $52.60 billion, a P/E ratio of 30.76, a P/E/G ratio of 4.10 and a beta of 1.00. Paychex, Inc. has a one year low of $114.72 and a one year high of $151.72. The stock has a 50 day moving average price of $143.06 and a 200-day moving average price of $138.42.

Paychex (NASDAQ:PAYX) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. Paychex had a return on equity of 45.28% and a net margin of 32.02%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 EPS. As a group, equities analysts predict that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 7th will be given a $0.98 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.92 dividend on an annualized basis and a yield of 2.68%. Paychex’s dividend payout ratio is presently 82.53%.

Paychex Profile

Paychex, Inc, together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.