Paychex, Inc. (NASDAQ:PAYX) Trading Volume Significantly Higher

Paychex, Inc. (NASDAQ:PAYX) Trading Volume Significantly Higher”

State Street Corp is the second biggest holder with 14 million shares now valued at 789.03 million whilst Fidelity Management and Research Company has 10 million shares valued at 586.57 million.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings results on Tuesday, September 26th. OxFORD Asset Management LLP owned approximately 0.06% of Paychex at the end of the most recent quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in PAYX.

The Rochester-area based company says the adjusted net income of almost $223 million was up 9% compared to a year ago, and earnings per share of.62 topped analysts' estimates by 2 cents. Nelson Roberts Investment Advisors LLC now owns 86,530 shares of the business services provider's stock valued at $5,097,000 after buying an additional 492 shares during the period. Xact Kapitalforvaltning AB boosted its stake in Paychex by 15.0% in the 1st quarter. Year to date is 150.94%, 30.39% over the last quarter, 61.21% for the past six months and 111.45% over the last 12 months. The stock decreased 0.89% or $0.002 on October 2, reaching $0.268. Moving out to look at the previous month performance, the stock is at 4.87%. The fund owned 149,465 shares of the business services provider's stock after selling 7,624 shares during the quarter. Canandaigua National Bank & Trust Co. raised its position in shares of Paychex by 1.9% in the first quarter. Parkside Financial Bank & Trust now owns 2,935 shares of the business services provider's stock valued at $173,000 after purchasing an additional 564 shares during the last quarter.

Shares of Paychex, Inc. "(PAYX) Acquired by OxFORD Asset Management LLP" was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another website, it was illegally copied and reposted in violation of United States and global copyright and trademark laws. The original version of this report can be viewed at

PAYX has been the subject of several research reports. The firm exchanged a volume of 5.61 million shares at hands. BMO Capital Markets reissued a "hold" rating and issued a $60.00 target price on shares of Paychex in a research report on Thursday, June 29th. William Blair downgraded shares of Paychex from an "outperform" rating to a "market perform" rating in a research report on Friday, July 21st. Morgan Stanley dropped their target price on shares of Paychex from $56.00 to $55.00 and set an "underweight" rating for the company in a report on Friday, June 30th.

Valued now at $61.99, the vast majority of Wall Street analysts continue to say it's worth selling. Their average price target spell out an upbeat performance - a -5% and would give PAYX a market capitalization of almost $21.3B.

Some buy side analysts are also providing their Analysis on Paychex, Inc., where 2 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 14 said it's a HOLD, 1 reported it as Underperform and 2 analysts rated the stock as Sell.

Paychex, Inc. (PAYX) shares are up 3.42% for the week and that has got investors and traders sitting up and taking note. Baird Financial Group, Inc. grew its investment by buying 15,173 shares an increase of 3.2% from 03/31/2017 to 06/30/2017. The stock has a market capitalization of $22.19 billion, a PE ratio of 27.44 and a beta of 0.98. The firm's 50 day moving average price is $57.42 and its 200-day moving average price is $58.17. Barclays Capital initiated the shares of PAYX in report on Tuesday, December 20 with "Equal Weight" rating. (NASDAQ:PAYX) for 4,025 shares. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The stock was sold at an average price of $60.00, for a total transaction of $900,000.00. The disclosure for this sale can be found here. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services.

Like this


04 October 2017
Two rape victims move HC,seek life imprisonment for Dera chief
For nearly 40 days, Haryana Police were tracking leads on Honeypreet in Uttar Pradesh, Punjab, Haryana and Rajasthan. On 26 September, Delhi High Court dismissed the transit anticipatory bail plea of Honeypreet Insan.

04 October 2017
Google Home Gets New Night Mode, Assistant Gets Male Voice
The Watch, Listen, and Discover tabs have been replaced by new Discover and Browse categories at the bottom of the screen. You might have to wait a few days, but Google will get in contact with you when a new preview update is available.

04 October 2017
Ferrari and Vettel are letting Mercedes off the hook
Hamilton rarely gets beaten for pace, especially when starting from pole position. Red Bull's Max Verstappen overtook Hamilton easily early on to win the race.

04 October 2017
Harvest Moon to Rise this Week
This is only the 18th October appearance by a harvest moon in the 80 years between 1970 and 2050, reported. The name was given to the September moon by Native Americans because it marked when corn was supposed to be harvested.

04 October 2017
Shopify Rolls Out Instagram Shopping Ahead Of Holiday Season
With this expanded rollout, Shopify will continue testing and tweaking the feature before issuing a wide release. Instagram is incredibly influential in product purchases, and shoppable posts should help merchants capitalize.

04 October 2017
India Fuel-Price Cut Alters Inflation View Before RBI Decision
The RBI said it expects inflation to rise from its current level and range between 4.2-4.6 per cent in 2nd half of 2017. The rate cut was the first in 10 months and brought policy rates to a near 7-year low.

04 October 2017
Vijay Mallya Arrested In UK In Money Laundering Case, Gets Bail
The defence agreed to review the evidence and will prepare its response before the actual extradition hearing on December 04. The extradition request was sent to the United Kingdom for their consideration under bilateral extradition treaty.

04 October 2017
Aamir Khan gives reality shows a miss for 'Secret Superstar'
Superstars in their respective fields, Aamir Khan and Virat Kohli shot for a special Diwali special TV show in Mumbai on Tuesday. Actor-producer Aamir Khan's next project " Secret Superstar " will release in Turkey on the same date as in India.

04 October 2017
Scientists Have Discovered a Way to Generate Electricity From Tears And Saliva
These materials can generate electricity when pressure is applied, and vice versa, a technology used to make phones vibrate. Scientists at the University of Limerick have found a way to produce electricity from saliva, milk and tears.

04 October 2017
Amazon India Launches Great Indian Sale with upto 80% on select categories
What's more, on making payment using Amazon Pay, users can avail up to 15 percent cash back (maximum of Rs 300) on the purchase. The subscription gives Amazon customers eligibility for special discounts , early access to sales and free delivery and so on.