Wilmington Savings Fund Society FSB Has $7.93 Million Position in Paychex, Inc. $PAYX

Wilmington Savings Fund Society FSB lowered its position in Paychex, Inc. (NASDAQ:PAYX) by 4.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 54,527 shares of the business services provider’s stock after selling 2,366 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Paychex were worth $7,931,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Summit Wealth Partners LLC increased its holdings in Paychex by 2.4% in the first quarter. Summit Wealth Partners LLC now owns 3,027 shares of the business services provider’s stock worth $467,000 after buying an additional 70 shares during the last quarter. LGT Group Foundation grew its holdings in Paychex by 2.8% during the first quarter. LGT Group Foundation now owns 2,528 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 70 shares during the last quarter. Golden State Equity Partners grew its holdings in Paychex by 0.9% during the first quarter. Golden State Equity Partners now owns 7,623 shares of the business services provider’s stock valued at $1,176,000 after purchasing an additional 71 shares during the last quarter. Palumbo Wealth Management LLC grew its holdings in Paychex by 2.4% during the first quarter. Palumbo Wealth Management LLC now owns 3,192 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 74 shares during the last quarter. Finally, King Wealth Management Group grew its holdings in Paychex by 4.7% during the first quarter. King Wealth Management Group now owns 1,669 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PAYX shares. Wolfe Research lowered their price target on Paychex from $145.00 to $140.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Weiss Ratings upgraded shares of Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Argus lowered their price objective on shares of Paychex from $170.00 to $150.00 in a research note on Thursday, October 2nd. Citigroup lowered their price objective on shares of Paychex from $158.00 to $148.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Finally, Jefferies Financial Group set a $130.00 price objective on shares of Paychex in a research note on Tuesday, September 30th. 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’s stock. According to data from MarketBeat, Paychex presently has an average rating of “Reduce” and an average target price of $141.29.

Insider Activity

In related news, CEO John B. Gibson sold 12,370 shares of Paychex stock in a transaction dated 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 transaction, the chief executive officer directly owned 81,755 shares of the company’s stock, valued at $11,602,669.60. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.

Paychex Stock Up 1.5%

Shares of NASDAQ PAYX opened at $127.42 on Tuesday. The stock has a market cap of $45.86 billion, a PE ratio of 28.63, a PEG ratio of 2.87 and a beta of 0.92. The business has a fifty day moving average of $133.54 and a two-hundred day moving average of $143.46. Paychex, Inc. has a 52-week low of $119.02 and a 52-week high of $161.24. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The business’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the business earned $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. As a group, equities research analysts expect 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 will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be issued 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 of this dividend is Friday, November 7th. Paychex’s payout ratio is currently 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.