MML Investors Services LLC Boosts Holdings in Paychex, Inc. $PAYX

Posted by on Jun 16th, 2026

MML Investors Services LLC boosted its position in Paychex, Inc. (NASDAQ:PAYX – Free Report) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,107 shares of the business services provider’s stock after buying an additional 37,422 shares during the period. MML Investors Services LLC owned approximately 0.10% of Paychex worth $41,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Paychex in the third quarter valued at $27,000. Cornerstone Planning Group LLC raised its stake in shares of Paychex by 957.1% during the 4th quarter. Cornerstone Planning Group LLC now owns 296 shares of the business services provider’s stock worth $30,000 after buying an additional 268 shares during the last quarter. Stance Capital LLC acquired a new position in shares of Paychex during the 3rd quarter worth $31,000. Hilton Head Capital Partners LLC acquired a new position in Paychex in the 4th quarter valued at about $31,000. Finally, Kingdom Financial Group LLC. acquired a new position in Paychex in the 4th quarter valued at about $33,000. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Paychex Stock Up 0.3%

NASDAQ PAYX opened at $100.90 on Tuesday. The business has a 50 day moving average price of $94.13 and a two-hundred day moving average price of $99.93. Paychex, Inc. has a fifty-two week low of $85.45 and a fifty-two week high of $154.90. The stock has a market cap of $36.15 billion, a PE ratio of 22.22 and a beta of 0.84. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13.

Paychex (NASDAQ:PAYX – Get Free Report) last announced its earnings results on Wednesday, March 25th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Paychex had a return on equity of 48.52% and a net margin of 25.84%.The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the company posted $1.49 EPS. Paychex’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, sell-side analysts predict that Paychex, Inc. will post 5.5 EPS for the current fiscal year.

Paychex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 13th were given a dividend of $1.19 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $4.76 annualized dividend and a dividend yield of 4.7%. This is an increase from Paychex’s previous quarterly dividend of $1.08. Paychex’s dividend payout ratio is currently 104.85%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Paychex from $123.00 to $107.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. JPMorgan Chase & Co. cut their target price on shares of Paychex from $125.00 to $100.00 and set an “underweight” rating for the company in a research note on Thursday, March 26th. Argus raised shares of Paychex to a “strong-buy” rating in a research note on Friday, March 27th. Wells Fargo & Company cut their target price on shares of Paychex from $116.00 to $95.00 and set an “underweight” rating for the company in a research note on Thursday, March 26th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Paychex in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $109.19.

Check Out Our Latest Report on Paychex

Paychex Profile

(Free Report)

Paychex, Inc, founded in 1971 by B. Thomas “Tom” Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company’s core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers’ compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.

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Institutional Ownership by Quarter for Paychex (NASDAQ:PAYX)

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