Ims Capital Management buys $1,291,257 stake in Paychex (PAYX)

Paychex (PAYX) : Ims Capital Management scooped up 3 additional shares in Paychex during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 22,069 shares of Paychex which is valued at $1,291,257.Paychex makes up approximately 1.46% of Ims Capital Management’s portfolio.

Other Hedge Funds, Including , Dupont Capital Management Corp sold out all of its stake in PAYX during the most recent quarter. The investment firm sold 11,000 shares of PAYX which is valued $643,610.Shelton Capital Management reduced its stake in PAYX by selling 1,846 shares or 2.74% in the most recent quarter. The Hedge Fund company now holds 65,467 shares of PAYX which is valued at $3,830,474. Paychex makes up approx 0.33% of Shelton Capital Management’s portfolio.First National Trust Co reduced its stake in PAYX by selling 13,269 shares or 33.62% in the most recent quarter. The Hedge Fund company now holds 26,194 shares of PAYX which is valued at $1,578,189. Paychex makes up approx 0.24% of First National Trust Co’s portfolio.

Paychex closed down -0.28 points or -0.47% at $59.08 with 13,89,463 shares getting traded on Monday. Post opening the session at $59.33, the shares hit an intraday low of $58.96 and an intraday high of $59.3535 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Paychex reported $0.49 EPS for the quarter, based on the information available during the earnings call on Jun 30, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $753.90 million for the quarter, compared to analysts expectations of $751.03 million. The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Paychex Inc. is a provider of integrated payroll human Resource insurance and benefits outsourcing solutions for small- to medium-sized businesses. The Company focuses on providing payroll and human Resource services; delivering these services; growing its client base through the efforts of its direct sales force; improving client service through its leading-edge technology; capitalizing on the growth opportunities within its existing client base and from new clients; investing in business through expansion of its services and product offerings; and supplementing its growth through strategic acquisitions. The Company offers services and products that allow its clients to meet their diverse payroll and human Resource needs. These include: payroll processing; payroll tax administration services; employee payment services; regulatory compliance services; Paychex HR Services; retirement services administration; insurance services; and online HR administration services.

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