Miller Howard Investments Inc. NY Decreases Position in Paychex, Inc. $PAYX

Miller Howard Investments Inc. NY reduced its stake in Paychex, Inc. by 30.3% in the fourth quarter, selling 164,949 shares and retaining 379,071 shares valued at $42.52 million. This institutional transaction occurred as Paychex reported strong Q4 earnings, surpassing EPS and revenue expectations, and authorized a $1.0 billion share repurchase program. Despite the positive earnings, analyst sentiment for Paychex is largely “Reduce” with an average price target of $106.38, reflecting mixed recent ratings.

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