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Ascent Group LLC significantly increased its stake in Paychex, despite mixed signals from analysts and recent insider sales.
Ascent Group LLC increased its holdings in Paychex, Inc. by 117.9% in the third quarter, while other institutional investors also boosted their shares.
Paychex's CFO and VP sold significant shares recently.
Analysts have mixed views, with some raising price targets but giving neutral ratings.
The company reported $1.16 EPS for the last quarter and a 2.5% revenue increase, with a dividend yield of 2.70%.
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Ascent Group LLC aumentó significativamente su participación en Paychex, a pesar de las señales contradictorias de los analistas y las recientes ventas de información privilegiada.