<div id="readability-page-1"><p>Prudential Financial Inc. trimmed its position in shares of  Paychex, Inc. (NASDAQ:PAYX - Free Report) by 26.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor  owned 170,164 shares of the business services provider's stock after selling 62,411 shares during the period. Prudential Financial Inc.'s holdings in Paychex were worth $23,860,000 at the end of the most recent reporting period.</p><ul><li>Why Paychex Stock's Dip is the Best Opportunity in Today's Cycle</li></ul><p>Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in  Paychex by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 31,521,025 shares of the business services provider's stock worth $4,419,878,000 after acquiring an additional 174,817 shares during the period.  State Street Corp grew its position in  Paychex by 0.5% during the third quarter. State Street Corp now owns 13,230,236 shares of the business services provider's stock valued at $1,775,365,000 after purchasing an additional 60,455 shares in the last quarter.  Charles Schwab Investment Management Inc. increased its stake in  Paychex by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,044,631 shares of the business services provider's stock valued at $1,408,458,000 after buying an additional 519,761 shares during the period.  Geode Capital Management LLC lifted its position in  Paychex by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 9,414,072 shares of the business services provider's stock worth $1,262,700,000 after buying an additional 190,937 shares in the last quarter.  Finally, Barclays PLC boosted its stake in shares of  Paychex by 46.2% during the 3rd quarter. Barclays PLC now owns 1,748,485 shares of the business services provider's stock valued at $234,627,000 after buying an additional 552,540 shares during the period. 83.47% of the stock is owned by institutional investors and hedge funds. </p><h2>Paychex Trading Up 4.2 %</h2><p>PAYX stock opened at $150.19 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Paychex, Inc. has a twelve month low of $114.72 and a twelve month high of $158.37. The company has a market cap of $54.08 billion, a P/E ratio of 31.62, a PEG ratio of 4.10 and a beta of 0.98. The business has a fifty day moving average of $148.03 and a 200-day moving average of $143.04. </p><ul><li>Buy the Dip in Paychex, Inc. for a Pay Check at Retirement</li></ul><p>Paychex (NASDAQ:PAYX - Get Free Report) last announced its earnings results on Wednesday, March 26th. The business services provider reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.01. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. Paychex had a net margin of 32.02% and a return on equity of 45.28%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.38 EPS.  As a group, equities research analysts expect that  Paychex, Inc. will post 4.99 EPS for the current year. </p><h2>Paychex Dividend Announcement</h2><p>The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Friday, February 7th were paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend  was Friday, February 7th. Paychex's dividend payout ratio (DPR) is presently 82.53%. </p><h2>Analyst Ratings Changes</h2><ul><li>3 payroll companies get clocked, but 1 looks cheap </li></ul><p>Several brokerages recently commented on PAYX. Royal Bank of Canada  reissued a &#34;sector perform&#34; rating and issued a $148.00 price target on shares of Paychex in a research note on Friday, December 20th. UBS Group increased their price objective on Paychex from $152.00 to $155.00 and gave the company a &#34;neutral&#34; rating in a report on Tuesday, March 4th. Finally, Barclays boosted their target price on Paychex from $135.00 to $140.00 and gave the stock an &#34;equal weight&#34; rating in a report on Monday, December 23rd. Two equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat, Paychex currently has a consensus rating of &#34;Hold&#34; and an average price target of $134.50.</p><p><b>View Our Latest Report on PAYX</b></p><h2>Paychex Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Paychex</li><li>What Are Growth Stocks and Investing in Them </li><li>Energy Transfer: Powering Data With Dividends and Diversification</li><li>What Investors Need to Know About Upcoming IPOs</li><li>Qualcomm Stock Is Coiling for a Breakout </li><li>What Are Dividends? Buy the Best Dividend Stocks</li><li>Is Alphabet Too Cheap to Ignore After Its Recent Correction?</li></ul><p><strong>Want to see what other hedge funds are holding PAYX?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paychex, Inc. (NASDAQ:PAYX - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEFZWA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEFZWA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Paychex Right Now?</h2><p>Before you consider Paychex, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paychex wasn't on the list.</p><p>While Paychex currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PAYX

<p>Prudential Financial Inc. reduced its stake in Paychex, Inc. (NASDAQ:PAYX) by 26.8% in Q4, now holding 170,164 shares valued at $23.86 million. Other investors like Vanguard and State Street also adjusted their positions. Paychex's stock opened at $150.19, with a market cap of $54.08 billion and a P/E ratio of 31.62. The company reported $1.49 EPS for the last quarter, exceeding estimates. Paychex declared a quarterly dividend of $0.98, yielding 2.61%. Analysts maintain a consensus rating of "Hold" with an average price target of $134.50.</p>

Paychex, Inc. (NASDAQ:PAYX) Stock Position Lowered by Prudential Financial Inc.