Paychex (PAYX) : Shelton Capital Management reduced its stake in Paychex by 2.74% during the most recent quarter end. The investment management company now holds a total of 65,467 shares of Paychex which is valued at $3,830,474 after selling 1,846 shares in Paychex , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Paychex makes up approximately 0.33% of Shelton Capital Management’s portfolio.
Other Hedge Funds, Including , Hendershot Investments reduced its stake in PAYX by selling 705 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 61,242 shares of PAYX which is valued at $3,689,831. Paychex makes up approx 1.83% of Hendershot Investments’s portfolio.Stock Yards Bank Trust Co boosted its stake in PAYX in the latest quarter, The investment management firm added 11,257 additional shares and now holds a total of 277,201 shares of Paychex which is valued at $16,657,008. Paychex makes up approx 2.22% of Stock Yards Bank Trust Co’s portfolio.
Paychex opened for trading at $58.4 and hit $58.72 on the upside on Thursday, eventually ending the session at $58.64, with a gain of 0.22% or 0.13 points. The heightened volatility saw the trading volume jump to 17,57,221 shares. Company has a market cap of $21,142 M.
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.