Commerzbank Aktiengesellschaft FI Grows Stake in Paychex, Inc. $PAYX

Commerzbank Aktiengesellschaft FI increased its position in Paychex, Inc. (NASDAQ:PAYX) by 4.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,060 shares of the business services provider’s stock after purchasing an additional 567 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Paychex were worth $1,900,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PAYX. Brighton Jones LLC lifted its stake in shares of Paychex by 26.3% in the 4th quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock valued at $801,000 after purchasing an additional 1,190 shares during the period. Bison Wealth LLC lifted its stake in shares of Paychex by 3.0% in the 4th quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock valued at $566,000 after purchasing an additional 117 shares during the period. GAMMA Investing LLC lifted its stake in shares of Paychex by 31.8% in the 1st quarter. GAMMA Investing LLC now owns 7,474 shares of the business services provider’s stock valued at $1,153,000 after purchasing an additional 1,804 shares during the period. CX Institutional increased its position in Paychex by 11.5% during the 1st quarter. CX Institutional now owns 3,172 shares of the business services provider’s stock valued at $489,000 after buying an additional 327 shares in the last quarter. Finally, Simon Quick Advisors LLC increased its position in Paychex by 31.1% during the 1st quarter. Simon Quick Advisors LLC now owns 7,268 shares of the business services provider’s stock valued at $1,121,000 after buying an additional 1,725 shares in the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Analysts Set New Price Targets

PAYX has been the subject of a number of analyst reports. Argus reduced their price objective on Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. BMO Capital Markets reduced their price objective on Paychex from $143.00 to $140.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. Citigroup reduced their price objective on Paychex from $158.00 to $148.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Morgan Stanley reduced their price objective on Paychex from $148.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. reduced their price objective on Paychex from $153.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 1st. 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, Paychex presently has an average rating of “Reduce” and a consensus target price of $141.29.

Insider Activity

In other news, CEO John B. Gibson sold 12,370 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer directly owned 81,755 shares in the company, valued at $11,602,669.60. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.80% of the stock is currently owned by company insiders.

Paychex Stock Up 0.3%

Paychex stock opened at $125.55 on Friday. The firm has a market cap of $45.18 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.86 and a beta of 0.92. The stock has a fifty day simple moving average of $133.78 and a two-hundred day simple moving average of $143.73. Paychex, Inc. has a 12 month low of $119.02 and a 12 month high of $161.24. 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 posted its earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The company’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Equities analysts predict that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Announces Dividend

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

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.