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Altrius Capital Management Inc Acquires Shares of 42,211 Paychex, Inc. $PAYX
Altrius Capital Management Inc. has acquired a new stake of 42,211 shares in Paychex (NASDAQ:PAYX) during the fourth quarter, valued at approximately $4.735 million. This coincides with Paychex exceeding Q earnings expectations with $1.71 EPS against an anticipated $1.67, and recording revenue of $1.81 billion, a 19.9% increase year-over-year. The company also announced a $1.00 billion share repurchase program, reflecting management’s belief that the stock may be undervalued.