3,720 Shares in Paychex, Inc. $PAYX Purchased by Compass Capital Management Inc.

Compass Capital Management Inc. bought a new stake in shares of Paychex, Inc. (NASDAQ:PAYX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,720 shares of the business services provider’s stock, valued at approximately $541,000.

A number of other large investors have also recently made changes to their positions in PAYX. Select Equity Group L.P. boosted its holdings in Paychex by 99.0% in the first quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider’s stock worth $539,102,000 after purchasing an additional 1,738,372 shares during the last quarter. Nuveen LLC bought a new position in shares of Paychex during the 1st quarter valued at $134,192,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Paychex by 7.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,782,173 shares of the business services provider’s stock worth $1,663,474,000 after buying an additional 737,542 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Paychex by 117.6% in the first quarter. Neuberger Berman Group LLC now owns 1,217,092 shares of the business services provider’s stock worth $187,512,000 after acquiring an additional 657,871 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Paychex by 25.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,844,949 shares of the business services provider’s stock valued at $438,919,000 after acquiring an additional 581,410 shares during the last quarter. 83.47% of the stock is currently owned by institutional investors.

Paychex Price Performance

Shares of NASDAQ:PAYX opened at $111.96 on Monday. 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, Inc. has a 1-year low of $110.70 and a 1-year high of $161.24. The company has a market capitalization of $40.29 billion, a P/E ratio of 25.16, a P/E/G ratio of 2.68 and a beta of 0.93. The firm’s 50 day simple moving average is $127.05 and its two-hundred day simple moving average is $140.21.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the company posted $1.16 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Research analysts expect 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 given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, November 7th. Paychex’s payout ratio is presently 97.08%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PAYX shares. Stephens raised Paychex to a “hold” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. dropped their price objective on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Wolfe Research reduced their target price on shares of Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Robert W. Baird decreased their price target on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Finally, BMO Capital Markets cut their price objective on shares of Paychex from $143.00 to $140.00 and set a “market perform” rating for the company 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. Based on data from MarketBeat.com, Paychex currently has an average rating of “Reduce” and an average 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.