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
Indian soldiers killed in 'retaliatory firing' across LoC says Pakistan
Tensions between the rival neighbors continue to intensify over the restive province and its contested border. Indian Army retaliated with full force to the Pakistan's misadventure.

04 October 2017
Russian Airstrikes Kill 12 Al-Qaeda-Linked Commanders In Syria's Idlib
Military this division track the location of terrorist groups and coordinate airstrikes. This happened after a blow to Russian aviation.

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
Gujarat: Third Dalit attacked over 'moustache row', activists to march to Gandhinagar
Another FIR was registered on the following day. "We will make sure that we investigate the matter thoroughly", he added. The attackers allegedly belonged to the upper caste "who said Dalits can not sport moustaches".

04 October 2017
Another Woman Alleges Roman Polanski Raped Her As a Teenager
Ms Langer later accepted a small role in Mr Polanski's film 'Che?' and was again raped by the director in Rome. She said: "My mother would have had a heart attack".

04 October 2017
Rezvani TANK | Military Inspired, Built To Take On Anything
The base Rezvani Tank kicks off at $178,500, with orders already open and first deliveries scheduled before the end of the year. Rezvani also has two other powertrains planned, with one generating less than 500 horsepower and the other generating more.

04 October 2017
Soumya Swaminathan appointed as new World Health Organization deputy director
Some of Swaminathan's interest areas have been tuberculosis (TB) and other lung diseases, especially drug-resistant tuberculosis. She has also served as the director of the National Institute for Research in Tuberculosis, Chennai.

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
Fight to the death: Indonesian man saves pedestrians from giant snake
Some of Robert's friends then took him to the hospital, while others remained and killed the poor snake . Several days later, police said they had investigated the incident and claim they have the full story.

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.