SecurityPAYX / Paychex, Inc.
InstitutionCovington Capital Management
Shares110,058
Value $ 7,522,000

Covington Capital Management reports 7.19% decrease in ownership of PAYX / Paychex, Inc.

August 13, 2018 - Covington Capital Management has filed a 13F-HR form disclosing ownership of 110,058 shares of Paychex, Inc. (NASDAQ:PAYX) with total holdings valued at $7,522,000 USD as of June 30, 2018. Covington Capital Management had filed a previous 13F-HR on May 11, 2018 disclosing 118,582 shares of Paychex, Inc. at a value of $7,303,000 USD. This represents a change in shares of -7.19 percent and a change in value of 3.00 percent during the quarter.

Other investors with positions similar to Covington Capital Management include Franklin Street Advisors Inc /nc, Canandaigua National Bank & Trust Co, BRYN MAWR TRUST Co, Susquehanna Fundamental Investments, Llc, D. E. Shaw & Co., Inc., and Steinberg Global Asset Management.

Paychex, Inc. has declared a standard industrial code (sic) of 87 which is the "Engineering, Accounting, Research, Management, And Related Services" industry. Covington Capital Management's top industries are "Construction Special Trade Contractors" (sic 17), "Non-depository Credit Institutions" (sic 61), and "Food Stores" (sic 54).

13F Filings

The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.

In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-06-30 13F-HR PAYCHEX COM 704326107 64.97 110,058 -7.19 7,522 3.00 -554 773 10.58
2018-03-31 13F-HR PAYCHEX COM 704326107 64.83 118,582 -7.07 7,303 -15.93 -585 -799 -9.20
2017-12-31 13F-HR PAYCHEX COM 704326107 64.02 127,605 0.73 8,687 14.36 59 1,032 13.58
2017-09-30 13F-HR PAYCHEX COM 704326107 58.45 126,679 4.40 7,596 9.94 312 375 5.42
2017-06-30 13F-HR PAYCHEX COM 704326107 57.92 121,338 6.02 6,909 2.49 399 -231 -3.43
2017-03-31 13F-HR PAYCHEX COM 704326107 59.89 114,451 -3.85 6,741 -6.98 -274 -232 -3.20
2016-12-31 13F-HR PAYCHEX COM 704326107 59.38 119,033 -2.18 7,247 2.91 -157 362 5.14
2016-09-30 13F-HR/A-1 PAYCHEX COM 704326107 58.69 121,681 -4.75 7,042 -7.35 -356 -203 -2.67
2016-09-30 13F-HR PAYCHEX COM 704326107 121,681 7,042
2016-06-30 13F-HR PAYCHEX COM 704326107 56.75 127,746 -0.77 7,601 9.32 -56 704 10.13
2016-03-31 13F-HR PAYCHEX COM 704326107 53.45 128,739 1.33 6,953 3.48 91 143 2.13
2015-12-31 13F-HR PAYCHEX COM 704326107 50.26 127,044 -1.35 6,719 9.54 -88 673 10.97
2015-09-30 13F-HR PAYCHEX COM 704326107 47.25 128,789 1.89 6,134 3.53 113 96 1.62
2015-06-30 13F-HR PAYCHEX COM 704326107 48.25 126,394 -1.57 5,925 -7.00 -97 -349 -5.48
2015-03-31 13F-HR/A-1 PAYCHEX COM 704326107 47.89 128,406 0.32 6,371 7.80 20 441 7.47
2015-03-31 13F-HR PAYCHEX COM 704326107 128,406 6,371
2014-12-31 13F-HR PAYCHEX COM 704326107 45.19 127,996 3.18 5,910 7.79 178 249 4.54
2014-09-30 13F-HR PAYCHEX COM 704326107 42.87 124,051 16.53 5,483 23.97 755 305 6.90
2014-06-30 13F-HR PAYCHEX COM 704326107 42.08 106,451 -2.41 4,423 -4.82 -111 -113 -2.44
2014-03-31 13F-HR PAYCHEX COM 704326107 109,078 4,647


CUSIP: 704326107