Uhlmann Price Securities LLC Sells 3,112 Shares of Paychex, Inc. $PAYX

Uhlmann Price Securities LLC reduced its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 27.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,427 shares of the business services provider’s stock after selling 3,112 shares during the period. Paychex makes up 0.9% of Uhlmann Price Securities LLC’s investment portfolio, making the stock its 25th biggest position. Uhlmann Price Securities LLC’s holdings in Paychex were worth $1,226,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PAYX. MorganRosel Wealth Management LLC bought a new stake in Paychex in the first quarter worth $34,000. Quarry LP bought a new stake in Paychex in the first quarter worth $34,000. Alpine Bank Wealth Management bought a new stake in Paychex in the first quarter worth $34,000. Tsfg LLC lifted its stake in Paychex by 122.3% in 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 last quarter. Finally, Nova Wealth Management Inc. bought a new stake in Paychex in the first quarter worth $38,000. 83.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PAYX has been the subject of several recent research reports. Morgan Stanley lowered their price target on shares of Paychex from $148.00 to $132.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. BMO Capital Markets lowered their price target on shares of Paychex from $143.00 to $140.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Royal Bank Of Canada set a $165.00 price target on shares of Paychex and gave the stock a “sector perform” rating in a research note on Tuesday, June 24th. UBS Group lowered their price target on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Finally, Argus lowered their price objective on shares of Paychex from $170.00 to $150.00 in a research note on Thursday, October 2nd. 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 company’s stock. According to MarketBeat, Paychex has an average rating of “Reduce” and an average price target of $141.29.

Paychex Price Performance

Shares of NASDAQ PAYX opened at $126.56 on Monday. Paychex, Inc. has a 1 year low of $119.02 and a 1 year high of $161.24. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50-day moving average is $132.52 and its 200 day moving average is $142.71. The stock has a market capitalization of $45.55 billion, a P/E ratio of 28.44, a P/E/G ratio of 2.89 and a beta of 0.92.

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

Paychex Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, November 7th. Paychex’s dividend payout ratio is currently 97.08%.

Paychex Company 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.