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Paychex, Inc. sees investment boost from Resona and Prospector as its earnings beat estimates.
Resona Asset Management and Prospector Partners LLC have increased their investments in Paychex, Inc., a business services provider.
Resona acquired 108,343 shares valued at about $15.2 million, while Prospector increased its holdings by 0.9%, now owning 37,222 shares.
Paychex's recent quarterly earnings beat estimates, reporting $1.49 per share, with a 4.8% revenue increase.
The company has a market cap of $51.62 billion and a P/E ratio of 30.17.
Analysts predict earnings of $4.99 per share for the fiscal year.
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Paychex, Inc. ve el impulso de inversión de Resona y Prospector como sus ganancias superan las estimaciones.