Quotient Wealth Partners LLC Buys 201 Shares of Paychex, Inc. $PAYX

Quotient Wealth Partners LLC lifted its stake in Paychex, Inc. (NASDAQ:PAYX) by 12.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,822 shares of the business services provider’s stock after acquiring an additional 201 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Paychex were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new stake in shares of Paychex in the first quarter worth approximately $34,000. Quarry LP bought a new stake in Paychex during the first quarter valued at approximately $34,000. Alpine Bank Wealth Management bought a new stake in Paychex during the first quarter valued at approximately $34,000. Tsfg LLC grew its position in Paychex by 122.3% during the first quarter. Tsfg LLC now owns 229 shares of the business services provider’s stock valued at $35,000 after buying an additional 126 shares during the period. Finally, Nova Wealth Management Inc. bought a new stake in Paychex during the first quarter valued at approximately $38,000. 83.47% of the stock is currently owned by institutional investors.

Paychex Price Performance

Shares of NASDAQ:PAYX opened at $126.56 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 $119.02 and a 1-year high of $161.24. The company has a market capitalization of $45.55 billion, a P/E ratio of 28.44, a P/E/G ratio of 2.89 and a beta of 0.92. The firm’s 50 day simple moving average is $132.52 and its two-hundred day simple moving average is $142.71.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PAYX. Stifel Nicolaus cut their target price on shares of Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. UBS Group cut their target price on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Robert W. Baird cut their target price on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. Citigroup cut their target price on shares of Paychex from $158.00 to $148.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Finally, Stephens upgraded shares of Paychex to a “hold” rating in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Paychex has an average rating of “Reduce” and an average 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.