Leo Wealth LLC Has $269,000 Holdings in Paychex, Inc. $PAYX

Leo Wealth LLC increased its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 19.1% in the second quarter, Holdings Channel reports. The firm owned 1,848 shares of the business services provider’s stock after buying an additional 297 shares during the quarter. Leo Wealth LLC’s holdings in Paychex were worth $269,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on PAYX shares. Citigroup decreased their target price on Paychex from $158.00 to $148.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. UBS Group cut their price target on Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Robert W. Baird cut their price target on Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. BMO Capital Markets cut their price target on Paychex from $143.00 to $140.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Finally, Morgan Stanley cut their price target on Paychex from $148.00 to $132.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 1st. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $141.29.

Paychex Stock Performance

PAYX opened at $125.55 on Friday. Paychex, Inc. has a 52-week low of $119.02 and a 52-week high of $161.24. The firm has a market capitalization of $45.18 billion, a PE ratio of 28.21, a PEG ratio of 2.86 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27. The business’s 50-day simple moving average is $133.78 and its 200 day simple moving average is $143.73.

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

Paychex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, November 7th. Paychex’s dividend payout ratio is presently 97.08%.

Insider Transactions at Paychex

In related news, CEO John B. Gibson sold 12,370 shares of the company’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $141.92, for a total transaction of $1,755,550.40. Following the sale, the chief executive officer owned 81,755 shares in the company, 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 SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Paychex Company 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.