Apeiron RIA LLC Sells 161 Shares of Paychex, Inc. $PAYX

Apeiron RIA LLC trimmed its position in Paychex, Inc. (NASDAQ:PAYX) by 7.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,111 shares of the business services provider’s stock after selling 161 shares during the period. Apeiron RIA LLC’s holdings in Paychex were worth $326,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PAYX. Alpine Bank Wealth Management acquired a new stake in shares of Paychex in the first quarter valued at about $34,000. MorganRosel Wealth Management LLC acquired a new stake in Paychex during the 1st quarter valued at approximately $34,000. Quarry LP acquired a new stake in Paychex during the 1st quarter valued at approximately $34,000. Tsfg LLC raised its holdings in Paychex by 122.3% during the 1st quarter. Tsfg LLC now owns 229 shares of the business services provider’s stock worth $35,000 after purchasing an additional 126 shares during the last quarter. Finally, HWG Holdings LP acquired a new position in shares of Paychex in the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 83.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PAYX. BMO Capital Markets initiated coverage on shares of Paychex in a research report on Thursday, July 10th. They set a “market perform” rating and a $160.00 price target on the stock. Stifel Nicolaus reduced their price objective on shares of 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 shares of Paychex and gave the company a “sector perform” rating in a research report on Tuesday, June 24th. JPMorgan Chase & Co. increased their target price on shares of Paychex from $148.00 to $153.00 and gave the stock an “underweight” rating in a research note on Thursday, August 14th. Finally, UBS Group decreased their price target on shares of Paychex from $155.00 to $145.00 and set a “neutral” rating for the company in a research note on Thursday, June 26th. Ten investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $149.70.

Insider Buying and Selling

In related news, Chairman Martin Mucci sold 97,526 shares of the business’s stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $145.17, for a total transaction of $14,157,849.42. Following the completion of the transaction, the chairman owned 446,917 shares of the company’s stock, valued at approximately $64,878,940.89. The trade was a 17.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John B. Gibson sold 12,370 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer 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 disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

Paychex Price Performance

Shares of NASDAQ PAYX opened at $133.07 on Thursday. The stock has a market cap of $47.85 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 3.08 and a beta of 0.91. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.28 and a current ratio of 1.28. Paychex, Inc. has a fifty-two week low of $129.20 and a fifty-two week high of $161.24. The firm’s 50-day simple moving average is $140.91 and its 200 day simple moving average is $146.76.

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

Paychex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, July 21st were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, July 21st. Paychex’s dividend payout ratio is presently 94.53%.

About Paychex

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.