Bontempo Ohly Capital Mgmt LLC Has $4.86 Million Holdings in Paychex, Inc. $PAYX

Bontempo Ohly Capital Mgmt LLC decreased its position in Paychex, Inc. (NASDAQ:PAYX) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,474 shares of the business services provider’s stock after selling 1,976 shares during the quarter. Paychex comprises 2.3% of Bontempo Ohly Capital Mgmt LLC’s investment portfolio, making the stock its 4th largest holding. Bontempo Ohly Capital Mgmt LLC’s holdings in Paychex were worth $4,856,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Summit Wealth Partners LLC grew its stake in shares of Paychex by 2.4% in the 1st quarter. Summit Wealth Partners LLC now owns 3,027 shares of the business services provider’s stock valued at $467,000 after buying an additional 70 shares in the last quarter. LGT Group Foundation grew its stake in shares of Paychex by 2.8% in the 1st quarter. LGT Group Foundation now owns 2,528 shares of the business services provider’s stock valued at $390,000 after buying an additional 70 shares in the last quarter. Golden State Equity Partners grew its stake in shares of Paychex by 0.9% in the 1st quarter. Golden State Equity Partners now owns 7,623 shares of the business services provider’s stock valued at $1,176,000 after buying an additional 71 shares in the last quarter. Palumbo Wealth Management LLC grew its stake in shares of Paychex by 2.4% in the 1st quarter. Palumbo Wealth Management LLC now owns 3,192 shares of the business services provider’s stock valued at $492,000 after buying an additional 74 shares in the last quarter. Finally, King Wealth Management Group grew its stake in shares of Paychex by 4.7% in the 1st quarter. King Wealth Management Group now owns 1,669 shares of the business services provider’s stock valued at $257,000 after buying an additional 75 shares in the last quarter. Institutional investors own 83.47% of the company’s stock.

Paychex Stock Up 1.8%

PAYX opened at $135.46 on Friday. Paychex, Inc. has a 1-year low of $131.83 and a 1-year high of $161.24. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $48.71 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 3.05 and a beta of 0.91. The business has a 50 day moving average of $140.67 and a 200-day moving average of $146.66.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Wednesday, June 25th. The business services provider reported $1.19 earnings per share for the quarter, meeting the consensus estimate of $1.19. Paychex had a return on equity of 45.01% and a net margin of 29.75%.The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business earned $1.12 earnings per share. Paychex has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, July 21st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, July 21st. Paychex’s dividend payout ratio is currently 94.53%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PAYX. UBS Group decreased their target price on Paychex from $155.00 to $145.00 and set a “neutral” rating for the company in a research report on Thursday, June 26th. JPMorgan Chase & Co. upped their target price on Paychex from $148.00 to $153.00 and gave the stock an “underweight” rating in a research report on Thursday, August 14th. Stifel Nicolaus decreased their target price on Paychex from $156.00 to $152.00 and set a “hold” rating for the company in a research report on Thursday, June 26th. Royal Bank Of Canada set a $165.00 target price on Paychex and gave the stock a “sector perform” rating in a research report on Tuesday, June 24th. Finally, BMO Capital Markets began coverage on Paychex in a research report on Thursday, July 10th. They set a “market perform” rating and a $160.00 target price for the company. Ten equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Paychex has an average rating of “Reduce” and an average target price of $149.70.

Insider Activity at Paychex

In other news, CEO John B. Gibson sold 12,370 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $141.92, for a total value of $1,755,550.40. Following the completion of the sale, the chief executive officer directly owned 81,755 shares of the company’s stock, valued at approximately $11,602,669.60. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Martin Mucci sold 97,526 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $145.17, for a total value of $14,157,849.42. Following the completion of the sale, the chairman directly owned 446,917 shares of the company’s stock, valued at $64,878,940.89. This represents a 17.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by corporate insiders.

Paychex Profile

Paychex, Inc, together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.