OFI Invest Asset Management Grows Stock Holdings in Paychex, Inc. $PAYX

OFI Invest Asset Management grew its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 31.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 666 shares of the business services provider’s stock after purchasing an additional 158 shares during the period. OFI Invest Asset Management’s holdings in Paychex were worth $97,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Paychex by 118.5% during the first quarter. Robeco Institutional Asset Management B.V. now owns 136,876 shares of the business services provider’s stock valued at $21,117,000 after purchasing an additional 74,245 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Paychex by 32.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 119,291 shares of the business services provider’s stock valued at $18,404,000 after purchasing an additional 29,320 shares during the last quarter. Martin Capital Partners LLC lifted its holdings in shares of Paychex by 166.9% during the second quarter. Martin Capital Partners LLC now owns 6,340 shares of the business services provider’s stock valued at $922,000 after purchasing an additional 3,965 shares during the last quarter. MWA Asset Management lifted its holdings in shares of Paychex by 6.5% during the first quarter. MWA Asset Management now owns 4,269 shares of the business services provider’s stock valued at $659,000 after purchasing an additional 262 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Paychex in the 1st quarter worth approximately $832,000. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO John B. Gibson sold 12,370 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $141.92, for a total transaction of $1,755,550.40. Following the completion of the sale, the chief executive officer owned 81,755 shares of the company’s stock, valued at $11,602,669.60. The trade was a 13.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.80% of the stock is currently owned by insiders.

Paychex Price Performance

Shares of PAYX opened at $127.42 on Tuesday. The firm has a market cap of $45.86 billion, a PE ratio of 28.63, a P/E/G ratio of 2.87 and a beta of 0.92. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $133.54 and a two-hundred day simple moving average of $143.46. Paychex, Inc. has a 1-year low of $119.02 and a 1-year high of $161.24.

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

Paychex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a yield of 3.4%. Paychex’s payout ratio is currently 97.08%.

Wall Street Analysts Forecast Growth

PAYX has been the subject of a number of recent analyst reports. Stephens upgraded shares of Paychex to a “hold” rating in a report on Tuesday, October 7th. TD Cowen decreased their price objective on shares of Paychex from $140.00 to $126.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Stifel Nicolaus decreased their price objective on shares of Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. JPMorgan Chase & Co. decreased their price objective on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating for the company in a report on Wednesday, October 1st. Finally, Jefferies Financial Group set a $130.00 price objective on shares of Paychex in a report on Tuesday, September 30th. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $141.29.

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.