Bogart Wealth LLC Buys 93 Shares of Paychex, Inc. $PAYX

Bogart Wealth LLC grew its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 32.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 379 shares of the business services provider’s stock after purchasing an additional 93 shares during the period. Bogart Wealth LLC’s holdings in Paychex were worth $55,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted 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 worth $801,000 after buying an additional 1,190 shares during the last quarter. Bison Wealth LLC boosted 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 worth $566,000 after buying an additional 117 shares during the last quarter. GAMMA Investing LLC boosted 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 worth $1,153,000 after buying an additional 1,804 shares during the last quarter. Continuum Advisory LLC boosted its stake in shares of Paychex by 76.7% in the 1st quarter. Continuum Advisory LLC now owns 1,067 shares of the business services provider’s stock worth $165,000 after buying an additional 463 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Paychex by 7.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,607 shares of the business services provider’s stock worth $1,174,000 after buying an additional 502 shares during the last quarter. 83.47% of the stock is owned by institutional investors.

Paychex Price Performance

Paychex stock opened at $127.54 on Wednesday. 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. The business’s 50 day simple moving average is $132.13 and its 200 day simple moving average is $142.49. The company has a market cap of $45.90 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.89 and a beta of 0.92.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data 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 business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. Paychex’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. Sell-side analysts forecast that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a yield of 3.4%. Paychex’s payout ratio is presently 97.08%.

Analyst Upgrades and Downgrades

PAYX has been the topic of a number of research analyst reports. Stephens upgraded Paychex to a “hold” rating in a research note on Tuesday, October 7th. Stifel Nicolaus cut their target price on Paychex from $142.00 to $137.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Jefferies Financial Group set a $130.00 target price on Paychex in a research note on Tuesday, September 30th. Morgan Stanley boosted their target price on Paychex from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, TD Cowen dropped their price objective on Paychex from $140.00 to $126.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $140.47.

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.