Kingsview Wealth Management LLC Makes New Investment in Paychex, Inc. $PAYX

Posted by Geri Gentry on Aug 30th, 2026

Kingsview Wealth Management LLC acquired a new position in shares of Paychex, Inc. (NASDAQ:PAYX – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 29,426 shares of the business services provider’s stock, valued at approximately $2,893,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. XXEC Inc. acquired a new stake in shares of Paychex in the 2nd quarter valued at about $1,123,016,000. BlackRock Inc. acquired a new position in Paychex during the second quarter worth approximately $2,728,970,000. Capital International Investors lifted its stake in Paychex by 59.1% in the fourth quarter. Capital International Investors now owns 30,265,174 shares of the business services provider’s stock valued at $3,395,583,000 after buying an additional 11,243,295 shares during the last quarter. Bank of America Corp DE purchased a new stake in Paychex in the second quarter valued at approximately $434,061,000. Finally, Federated Hermes Inc. boosted its holdings in shares of Paychex by 4,141.2% in the fourth quarter. Federated Hermes Inc. now owns 2,409,229 shares of the business services provider’s stock valued at $270,267,000 after acquiring an additional 2,352,423 shares during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.

Insider Buying and Selling

In other Paychex news, CFO Robert L. Schrader sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $115.09, for a total transaction of $299,234.00. Following the transaction, the chief financial officer owned 18,547 shares in the company, valued at approximately $2,134,574.23. The trade was a 12.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph M. Tucci sold 3,907 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $98.25, for a total value of $383,862.75. Following the transaction, the director directly owned 67,364 shares of the company’s stock, valued at approximately $6,618,513. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by insiders.

Paychex Stock Up 0.4%

PAYX stock opened at $127.04 on Friday. Paychex, Inc. has a one year low of $85.45 and a one year high of $139.53. The stock has a market capitalization of $45.19 billion, a PE ratio of 25.98 and a beta of 0.81. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.26 and a current ratio of 1.26. The company has a fifty day moving average of $113.76 and a 200-day moving average of $100.95.

Paychex (NASDAQ:PAYX – Get Free Report) last issued its earnings results on Wednesday, June 24th. The business services provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.01. Paychex had a net margin of 27.03% and a return on equity of 50.90%. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. As a group, analysts expect that Paychex, Inc. will post 5.96 EPS for the current year.

Paychex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, July 28th were issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, July 28th. Paychex’s payout ratio is currently 97.34%.

Wall Street Analyst Weigh In

PAYX has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on shares of Paychex from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, June 17th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paychex in a research note on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of Paychex from $100.00 to $105.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Morgan Stanley lifted their price objective on shares of Paychex from $107.00 to $109.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings raised shares of Paychex from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Paychex currently has a consensus rating of “Hold” and a consensus price target of $109.20.

Read Our Latest Stock Analysis on PAYX

Paychex Company 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.