Trilogy Capital Inc. Takes Position in Paychex, Inc. (NASDAQ:PAYX)

Trilogy Capital Inc. purchased a new stake in Paychex, Inc. (NASDAQ:PAYX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,623 shares of the business services provider’s stock, valued at approximately $2,050,000.

Other institutional investors also recently modified their holdings of the company. Mutual Advisors LLC boosted its stake in shares of Paychex by 2.6% in the 4th quarter. Mutual Advisors LLC now owns 2,881 shares of the business services provider’s stock valued at $423,000 after purchasing an additional 73 shares in the last quarter. CVA Family Office LLC lifted its position in Paychex by 5.6% during the 3rd quarter. CVA Family Office LLC now owns 1,388 shares of the business services provider’s stock worth $186,000 after buying an additional 74 shares in the last quarter. Fortitude Family Office LLC lifted 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 worth $34,000 after buying an additional 74 shares in the last quarter. Kanawha Capital Management LLC lifted its position in Paychex by 1.8% during the 3rd quarter. Kanawha Capital Management LLC now owns 4,283 shares of the business services provider’s stock worth $575,000 after buying an additional 75 shares in the last quarter. Finally, Weaver Capital Management LLC lifted its position in Paychex by 3.7% during the 4th quarter. Weaver Capital Management LLC now owns 2,121 shares of the business services provider’s stock worth $297,000 after buying an additional 75 shares in the last quarter. Institutional investors own 83.47% of the company’s stock.

Paychex Stock Performance

Shares of PAYX stock opened at $150.87 on Thursday. The business’s 50-day moving average price is $142.83 and its 200-day moving average price is $137.71. Paychex, Inc. has a 12 month low of $114.72 and a 12 month high of $151.01. The firm has a market capitalization of $54.32 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 4.03 and a beta of 1.00. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Paychex had a return on equity of 45.28% and a net margin of 32.02%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts forecast that Paychex, Inc. will post 4.99 EPS for the current 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. This represents a $3.92 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Friday, February 7th. Paychex’s payout ratio is currently 82.53%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. 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. Barclays boosted their price objective on Paychex from $135.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, December 23rd. Finally, JPMorgan Chase & Co. upped their price target on Paychex from $133.00 to $139.00 and gave the company an “underweight” rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $132.23.

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.