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W.G. Shaheen & Associates DBA Whitney & Co Raises Stock Holdings in Paychex, Inc. $PAYX
W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Paychex, Inc. (NASDAQ:PAYX) by 96.6% in the fourth quarter, now owning 106,620 shares valued at $11,961,000. Other institutional investors have also adjusted their holdings in Paychex, with hedge funds and institutional investors collectively owning 83.47% of the company’s stock. Analysts currently hold a “Reduce” rating for Paychex with an average target price of $106.38, while the company recently reported strong earnings, beating consensus estimates.