1,705 Shares in Paychex, Inc. $PAYX Acquired by Bey Douglas LLC

Bey Douglas LLC bought a new position in shares of Paychex, Inc. (NASDAQ:PAYX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,705 shares of the business services provider’s stock, valued at approximately $248,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Paychex by 0.9% during the first quarter. Vanguard Group Inc. now owns 31,807,843 shares of the business services provider’s stock worth $4,907,314,000 after buying an additional 286,818 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Paychex by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,782,173 shares of the business services provider’s stock worth $1,663,474,000 after buying an additional 737,542 shares during the period. Northern Trust Corp increased its stake in shares of Paychex by 3.8% during the first quarter. Northern Trust Corp now owns 4,989,182 shares of the business services provider’s stock worth $769,731,000 after buying an additional 181,628 shares during the period. Invesco Ltd. increased its stake in shares of Paychex by 0.7% during the first quarter. Invesco Ltd. now owns 4,135,296 shares of the business services provider’s stock worth $637,993,000 after buying an additional 30,670 shares during the period. Finally, Select Equity Group L.P. increased its stake in shares of Paychex by 99.0% during the first quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider’s stock worth $539,102,000 after buying an additional 1,738,372 shares during the period. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Paychex Stock Performance

Shares of PAYX opened at $125.55 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. The firm has a market cap of $45.18 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 2.86 and a beta of 0.92. The company’s 50 day simple moving average is $133.78 and its 200-day simple moving average is $143.73. Paychex, Inc. has a 12-month low of $119.02 and a 12-month high of $161.24.

Paychex (NASDAQ:PAYX) last announced its earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. As a group, equities analysts predict that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.4%. Paychex’s dividend payout ratio (DPR) is 97.08%.

Insider Activity

In other news, CEO John B. Gibson sold 12,370 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $141.92, for a total transaction of $1,755,550.40. Following the transaction, the chief executive officer directly owned 81,755 shares in the company, valued at approximately $11,602,669.60. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PAYX shares. Royal Bank Of Canada set a $165.00 target price on shares of Paychex and gave the stock a “sector perform” rating in a research note on Tuesday, June 24th. JPMorgan Chase & Co. dropped their price target on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Morgan Stanley dropped their price target on shares of Paychex from $148.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 1st. Jefferies Financial Group set a $130.00 price target on shares of Paychex in a research note on Tuesday, September 30th. Finally, Argus dropped their price target on shares of Paychex from $170.00 to $150.00 in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Paychex currently has an average rating of “Reduce” and an average price target of $141.29.

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.