Paychex, Inc. $PAYX Stock Position Cut by Human Investing LLC

Human Investing LLC lessened its stake in Paychex, Inc. (NASDAQ:PAYX) by 11.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,061 shares of the business services provider’s stock after selling 625 shares during the period. Human Investing LLC’s holdings in Paychex were worth $736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Martin Capital Partners LLC boosted its position in shares of Paychex by 166.9% during the 2nd quarter. Martin Capital Partners LLC now owns 6,340 shares of the business services provider’s stock valued at $922,000 after purchasing an additional 3,965 shares in the last quarter. MWA Asset Management boosted its position in shares of Paychex by 6.5% during the 1st quarter. MWA Asset Management now owns 4,269 shares of the business services provider’s stock valued at $659,000 after purchasing an additional 262 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Paychex during the 1st quarter valued at about $832,000. Two Point Capital Management Inc. bought a new position in shares of Paychex during the 2nd quarter valued at about $8,761,000. Finally, SCS Capital Management LLC bought a new position in shares of Paychex during the 1st quarter valued at about $481,000. Institutional investors own 83.47% of the company’s stock.

Paychex Price Performance

PAYX stock opened at $124.05 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24. The firm has a market capitalization of $44.64 billion, a PE ratio of 27.88, a P/E/G ratio of 2.86 and a beta of 0.92. The firm has a 50-day moving average of $130.81 and a two-hundred day moving average of $141.90.

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 analysts’ consensus estimates of $1.20 by $0.02. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, analysts forecast that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 7th. Paychex’s dividend payout ratio is 97.08%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PAYX shares. JPMorgan Chase & Co. reduced their price objective on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating for the company in a research report on Wednesday, October 1st. Stifel Nicolaus reduced their price objective on shares of Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings upgraded shares of Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Morgan Stanley raised their price objective on shares of Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Wolfe Research reduced their price objective on shares of Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. One 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, Paychex currently has an average rating of “Reduce” and a consensus target price of $139.87.

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.