Rogco LP Grows Stock Position in Paychex, Inc. $PAYX

Rogco LP boosted its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,119 shares of the business services provider’s stock after acquiring an additional 246 shares during the quarter. Rogco LP’s holdings in Paychex were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Alpine Bank Wealth Management bought a new stake in Paychex during the 1st quarter valued at $34,000. MorganRosel Wealth Management LLC purchased a new position in shares of Paychex in the first quarter valued at about $34,000. Quarry LP bought a new position in shares of Paychex during the first quarter valued at about $34,000. Tsfg LLC boosted its holdings in shares of Paychex by 122.3% during the first 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 period. Finally, Nova Wealth Management Inc. purchased a new stake in shares of Paychex during the first quarter worth about $38,000. 83.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on PAYX shares. Royal Bank Of Canada set a $165.00 price target on Paychex and gave the company a “sector perform” rating in a research report on Tuesday, June 24th. Wolfe Research reduced their target price on Paychex from $145.00 to $140.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. JPMorgan Chase & Co. raised their price target on Paychex from $148.00 to $153.00 and gave the stock an “underweight” rating in a research note on Thursday, August 14th. Barclays set a $155.00 price target on shares of Paychex and gave the company an “equal weight” rating in a report on Tuesday, June 24th. Finally, Morgan Stanley decreased their price objective on shares of Paychex from $150.00 to $148.00 and set an “equal weight” rating for the company in a report on Friday, June 27th. Ten research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Paychex currently has an average rating of “Reduce” and an average target price of $145.00.

Insider Activity

In other news, Chairman Martin Mucci sold 97,526 shares of Paychex 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 directly owned 446,917 shares in the company, valued at approximately $64,878,940.89. This trade represents a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John B. Gibson sold 12,370 shares of the business’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 value of $1,755,550.40. Following the completion of the sale, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

Paychex Trading Down 1.4%

NASDAQ PAYX opened at $126.78 on Wednesday. The firm has a market capitalization of $45.59 billion, a PE ratio of 27.74, a P/E/G ratio of 2.95 and a beta of 0.91. The stock’s 50 day moving average is $137.02 and its 200 day moving average is $144.86. Paychex, Inc. has a twelve month low of $119.02 and a twelve month high of $161.24. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.10.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data 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. Paychex had a return on equity of 45.01% and a net margin of 29.75%.The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Research analysts forecast that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, July 21st were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, July 21st. Paychex’s dividend payout ratio (DPR) is 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.