Paychex, Inc. $PAYX Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 494,586 shares of the business services provider’s stock after selling 4,751 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.14% of Paychex worth $71,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in 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 acquiring an additional 1,190 shares during the period. Bison Wealth LLC boosted its holdings in shares of Paychex by 3.0% during the fourth quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock worth $566,000 after purchasing an additional 117 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Paychex by 31.8% during the first quarter. GAMMA Investing LLC now owns 7,474 shares of the business services provider’s stock worth $1,153,000 after purchasing an additional 1,804 shares during the last quarter. Continuum Advisory LLC boosted its holdings in Paychex by 76.7% in the first quarter. Continuum Advisory LLC now owns 1,067 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 463 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Paychex by 7.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,607 shares of the business services provider’s stock valued at $1,174,000 after acquiring an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PAYX. Barclays set a $155.00 target price on shares of Paychex and gave the stock an “equal weight” rating in a research report on Tuesday, June 24th. Robert W. Baird lowered their price objective on Paychex from $153.00 to $148.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Weiss Ratings raised shares of Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Morgan Stanley lifted their price target on Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Argus cut their price objective on Paychex from $170.00 to $150.00 in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $140.47.

Paychex Price Performance

NASDAQ PAYX opened at $127.54 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average price of $132.13 and a two-hundred day moving average price of $142.49. The stock has a market capitalization of $45.90 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 2.89 and a beta of 0.92. Paychex, Inc. has a 12-month low of $119.02 and a 12-month high of $161.24.

Paychex (NASDAQ:PAYX) last released its earnings results 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. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $1.16 EPS. The company’s revenue was up 16.8% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. As a group, equities analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 payout ratio is presently 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.