Institutional investors boost Paychex shares despite mixed analyst views and a "Hold" rating.

Chesapeake Capital Corp IL and other institutional investors have increased their positions in Paychex, Inc., following a strong third quarter where the company beat earnings estimates with $1.16 EPS and reported $1.32 billion in revenue. Despite some institutions like KPP Advisory Services LLC reducing their holdings, Paychex's stock has seen mixed analyst reviews with a consensus "Hold" rating and a target price of $130.77. The company has a market cap of $51.45 billion and a dividend yield of 2.74%.

November 16, 2024
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