SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Makes New $240,000 Investment in Paychex, Inc. $PAYX

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Paychex, Inc. (NASDAQ:PAYX) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,700 shares of the business services provider’s stock, valued at approximately $240,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Paychex by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 32,215,957 shares of the business services provider’s stock worth $4,686,133,000 after buying an additional 408,114 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Paychex by 7.3% in the first 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 acquiring an additional 737,542 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Paychex by 2.8% during the second quarter. Geode Capital Management LLC now owns 10,183,871 shares of the business services provider’s stock worth $1,481,053,000 after acquiring an additional 274,947 shares in the last quarter. Northern Trust Corp boosted its position in Paychex by 3.8% during the first quarter. Northern Trust Corp now owns 4,989,182 shares of the business services provider’s stock valued at $769,731,000 after purchasing an additional 181,628 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Paychex by 0.7% in the first quarter. Invesco Ltd. now owns 4,135,296 shares of the business services provider’s stock valued at $637,993,000 after purchasing an additional 30,670 shares in the last quarter. 83.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen reduced their price target on Paychex from $140.00 to $126.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. JPMorgan Chase & Co. cut their price objective on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. Stephens raised shares of Paychex to a “hold” rating in a research report on Tuesday, October 7th. Wells Fargo & Company upgraded shares of Paychex to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, UBS Group reduced their price objective on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Thirteen equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $139.87.

Paychex Trading Down 0.4%

Shares of PAYX stock opened at $109.55 on Thursday. Paychex, Inc. has a 12 month low of $108.00 and a 12 month high of $161.24. The company has a market cap of $39.43 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 2.68 and a beta of 0.93. 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 business’s 50 day moving average is $123.07 and its two-hundred day moving average is $138.29.

Paychex (NASDAQ:PAYX) last announced its earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.20 by $0.02. The firm had revenue of $1.54 billion for 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 business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Equities analysts predict that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, November 7th. Paychex’s payout ratio is currently 97.08%.

About Paychex

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.