Wendell David Associates Inc. Sells 3,012 Shares of Paychex, Inc. $PAYX

Wendell David Associates Inc. reduced its position in Paychex, Inc. (NASDAQ:PAYX) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,303 shares of the business services provider’s stock after selling 3,012 shares during the quarter. Wendell David Associates Inc.’s holdings in Paychex were worth $3,972,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its position in shares of Paychex by 118.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 136,876 shares of the business services provider’s stock valued at $21,117,000 after acquiring an additional 74,245 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Paychex by 32.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 119,291 shares of the business services provider’s stock valued at $18,404,000 after acquiring an additional 29,320 shares during the period. Martin Capital Partners LLC lifted its position in shares of Paychex by 166.9% during the 2nd quarter. Martin Capital Partners LLC now owns 6,340 shares of the business services provider’s stock valued at $922,000 after acquiring an additional 3,965 shares during the period. MWA Asset Management lifted its position in shares of Paychex by 6.5% during the 1st quarter. MWA Asset Management now owns 4,269 shares of the business services provider’s stock valued at $659,000 after acquiring an additional 262 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Paychex during the 1st quarter valued at $832,000. 83.47% of the stock is owned by institutional investors.

Paychex Stock Up 0.1%

Paychex stock opened at $126.56 on Friday. Paychex, Inc. has a 1-year low of $119.02 and a 1-year high of $161.24. The firm has a market capitalization of $45.55 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 2.89 and a beta of 0.92. The firm’s fifty day moving average price is $132.52 and its two-hundred day moving average price is $142.78. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15.

Paychex (NASDAQ:PAYX) last released its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The firm 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 business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm earned $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, equities research analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Dividend Announcement

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

Analyst Upgrades and Downgrades

PAYX has been the topic of a number of research reports. Jefferies Financial Group set a $130.00 target price on shares of Paychex in a research report on Tuesday, September 30th. BMO Capital Markets dropped their target price on shares of Paychex from $143.00 to $140.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. UBS Group dropped their target price on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Wolfe Research dropped their price objective on shares of Paychex from $145.00 to $140.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Finally, Weiss Ratings raised shares of Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $141.29.

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.