Caledonia Investments PLC Makes New Investment in Paychex, Inc. $PAYX

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Caledonia Investments PLC initiated a new position in Paychex, Inc. by acquiring 133,000 shares valued at approximately $14.92 million, making it their 15th largest holding. Paychex recently reported strong Q4 earnings, beating analyst estimates with $1.71 EPS and $1.81 billion in revenue, and announced a $1.00 billion stock buyback program. Despite positive financial results and a significant dividend, analysts generally have a “Reduce” rating on the stock with a consensus price target of $108.81.

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