Paychex, Inc. $PAYX Shares Purchased by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC increased its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,253 shares of the business services provider’s stock after acquiring an additional 138 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Paychex were worth $1,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Arista Wealth Management LLC purchased a new position in Paychex during the second quarter worth approximately $1,350,000. Master S Wealth Management Inc. boosted its position in Paychex by 48.9% during the second quarter. Master S Wealth Management Inc. now owns 4,670 shares of the business services provider’s stock worth $679,000 after purchasing an additional 1,533 shares in the last quarter. Nordea Investment Management AB boosted its position in Paychex by 15.1% during the second quarter. Nordea Investment Management AB now owns 846,180 shares of the business services provider’s stock worth $121,317,000 after purchasing an additional 110,766 shares in the last quarter. Patten & Patten Inc. TN boosted its position in Paychex by 9.5% during the second quarter. Patten & Patten Inc. TN now owns 3,446 shares of the business services provider’s stock worth $501,000 after purchasing an additional 300 shares in the last quarter. Finally, Mutual Advisors LLC boosted its position in Paychex by 38.2% during the second quarter. Mutual Advisors LLC now owns 3,374 shares of the business services provider’s stock worth $499,000 after purchasing an additional 932 shares in the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Paychex Price Performance

NASDAQ:PAYX opened at $126.56 on Friday. Paychex, Inc. has a one year low of $119.02 and a one year 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. The stock has a market cap of $45.55 billion, a PE ratio of 28.44, a P/E/G ratio of 2.89 and a beta of 0.92. The stock has a 50 day moving average price of $132.52 and a 200 day moving average price of $142.87.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.20 by $0.02. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Equities research analysts expect that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

The business 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 annualized dividend 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 currently 97.08%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PAYX. Wolfe Research lowered their price target on Paychex from $145.00 to $140.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. Citigroup lowered their price target on Paychex from $158.00 to $148.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Stifel Nicolaus decreased their target price on Paychex from $142.00 to $137.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Royal Bank Of Canada set a $165.00 target price on Paychex and gave the company a “sector perform” rating in a research report on Tuesday, June 24th. Finally, Weiss Ratings upgraded Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Paychex has an average rating of “Reduce” and an average price target of $141.29.

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.