Two Point Capital Management Inc. Reduces Stock Position in Paychex, Inc. (NASDAQ:PAYX)

Two Point Capital Management Inc. trimmed its position in Paychex, Inc. (NASDAQ:PAYX) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,605 shares of the business services provider’s stock after selling 159 shares during the quarter. Paychex makes up approximately 3.7% of Two Point Capital Management Inc.’s holdings, making the stock its 13th largest position. Two Point Capital Management Inc.’s holdings in Paychex were worth $10,430,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Union Bancaire Privee UBP SA acquired a new position in Paychex during the 4th quarter valued at approximately $28,000. Avion Wealth boosted its position in Paychex by 469.8% during the 4th quarter. Avion Wealth now owns 245 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 202 shares during the period. Fortitude Family Office LLC boosted its position in Paychex by 42.0% during the 3rd quarter. Fortitude Family Office LLC now owns 250 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 74 shares during the period. MilWealth Group LLC acquired a new position in Paychex during the 4th quarter valued at approximately $35,000. Finally, Quest Partners LLC acquired a new position in Paychex during the 3rd quarter valued at approximately $36,000. 83.47% of the stock is currently owned by institutional investors.

Paychex Trading Up 0.6 %

PAYX stock opened at $146.95 on Thursday. The business has a fifty day moving average price of $143.09 and a 200 day moving average price of $138.56. Paychex, Inc. has a fifty-two week low of $114.72 and a fifty-two week high of $151.72. The stock has a market capitalization of $52.91 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 4.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.31 billion. Paychex had a return on equity of 45.28% and a net margin of 32.02%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.08 EPS. Analysts expect that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 7th will be given a $0.98 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.92 annualized dividend and a dividend yield of 2.67%. Paychex’s dividend payout ratio is currently 82.53%.

Analyst Ratings Changes

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

Paychex Company 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.