Brookstone Capital Management Acquires 214 Shares of Paychex, Inc. $PAYX

Brookstone Capital Management boosted its holdings in Paychex, Inc. (NASDAQ:PAYX) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,857 shares of the business services provider’s stock after buying an additional 214 shares during the period. Brookstone Capital Management’s holdings in Paychex were worth $2,452,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PAYX. Select Equity Group L.P. increased its position in Paychex by 99.0% in the 1st quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider’s stock worth $539,102,000 after buying an additional 1,738,372 shares during the period. Nuveen LLC bought a new position in Paychex in the 1st quarter worth approximately $134,192,000. Charles Schwab Investment Management Inc. increased its position in Paychex by 7.3% in the 1st 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 buying an additional 737,542 shares during the period. Neuberger Berman Group LLC increased its position in shares of Paychex by 117.6% during the first quarter. Neuberger Berman Group LLC now owns 1,217,092 shares of the business services provider’s stock valued at $187,512,000 after purchasing an additional 657,871 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Paychex by 25.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,844,949 shares of the business services provider’s stock valued at $438,919,000 after purchasing an additional 581,410 shares during the period. 83.47% of the stock is owned by institutional investors.

Paychex Price Performance

Shares of PAYX stock opened at $124.60 on Friday. The stock’s fifty day simple moving average is $131.36 and its 200 day simple moving average is $142.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $44.84 billion, a price-to-earnings ratio of 28.00, a P/E/G ratio of 2.85 and a beta of 0.92. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24.

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

Paychex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a yield of 3.5%. Paychex’s payout ratio is currently 97.08%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group lowered their price objective on Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. JPMorgan Chase & Co. lowered their price objective on Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. Wolfe Research lowered their price objective on Paychex from $145.00 to $140.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. TD Cowen lowered their price objective on Paychex from $140.00 to $126.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Finally, Jefferies Financial Group set a $130.00 price objective on Paychex in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $139.87.

Paychex Company 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.