Paychex, Inc. $PAYX Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its position in Paychex, Inc. (NASDAQ:PAYX) by 50.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 27,065 shares of the business services provider’s stock after selling 27,289 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Paychex were worth $3,937,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC grew its position in Paychex by 83.8% in the 2nd quarter. NewSquare Capital LLC now owns 215 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 98 shares in the last quarter. Quarry LP acquired a new stake in shares of Paychex during the first quarter worth about $34,000. Nova Wealth Management Inc. purchased a new position in shares of Paychex in the first quarter valued at approximately $38,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Paychex by 40.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 263 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 76 shares during the period. Finally, Whipplewood Advisors LLC grew its holdings in shares of Paychex by 94.0% in the second quarter. Whipplewood Advisors LLC now owns 293 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

Paychex Price Performance

Shares of PAYX opened at $111.96 on Friday. The firm has a market capitalization of $40.29 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.68 and a beta of 0.93. The firm’s fifty day simple moving average is $127.05 and its 200-day simple moving average is $140.23. Paychex, Inc. has a twelve month low of $110.70 and a twelve 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.

Paychex (NASDAQ:PAYX) last issued its earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The company’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Equities analysts forecast that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.9%. Paychex’s dividend payout ratio is presently 97.08%.

Analyst Ratings Changes

PAYX has been the topic of a number of research reports. Argus reduced their target price on shares of Paychex from $170.00 to $150.00 in a report on Thursday, October 2nd. Weiss Ratings raised Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. TD Cowen reduced 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. Wolfe Research decreased their target price on Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Finally, Wells Fargo & Company upgraded Paychex to a “strong sell” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $139.87.

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.