AG2R LA Mondiale Gestion D Actifs Purchases 249 Shares of Paychex, Inc. $PAYX

AG2R LA Mondiale Gestion D Actifs boosted its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,913 shares of the business services provider’s stock after acquiring an additional 249 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Paychex were worth $1,878,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new stake in shares of Paychex in the 1st quarter valued at approximately $34,000. Quarry LP bought a new stake in shares of Paychex in the 1st quarter valued at approximately $34,000. Tsfg LLC grew its stake in shares of Paychex by 122.3% in the 1st quarter. Tsfg LLC now owns 229 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 126 shares during the period. Nova Wealth Management Inc. bought a new stake in shares of Paychex in the 1st quarter valued at approximately $38,000. Finally, Bogart Wealth LLC grew its stake in shares of Paychex by 32.5% in the 2nd quarter. Bogart Wealth LLC now owns 379 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 93 shares during the period. 83.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PAYX shares. Citigroup started coverage on Paychex in a research note on Thursday. They issued a “neutral” rating and a $139.00 price objective on the stock. UBS Group lowered their price objective on Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. Argus lowered their price objective on Paychex from $170.00 to $150.00 in a research note on Thursday, October 2nd. Wolfe Research decreased 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. Finally, BMO Capital Markets decreased their price target on Paychex from $143.00 to $140.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Paychex presently has an average rating of “Reduce” and an average price target of $139.87.

Paychex Stock Down 0.1%

NASDAQ PAYX opened at $124.60 on Friday. The firm has a market cap of $44.84 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.85 and a beta of 0.92. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24. The stock’s 50 day simple moving average is $131.36 and its 200 day simple moving average is $142.22. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27.

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

Paychex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, November 7th. Paychex’s dividend payout ratio (DPR) is presently 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.