Resona Asset Management Co. Ltd. Acquires 4,209 Shares of Paychex, Inc. $PAYX

Resona Asset Management Co. Ltd. grew its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 3.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,873 shares of the business services provider’s stock after purchasing an additional 4,209 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Paychex were worth $17,410,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Paychex by 26.3% during the fourth quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock valued at $801,000 after acquiring an additional 1,190 shares in the last quarter. Bison Wealth LLC increased its holdings in Paychex by 3.0% during the 4th quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock worth $566,000 after purchasing an additional 117 shares during the period. Stratos Wealth Partners LTD. raised its position in Paychex by 20.3% during the 1st quarter. Stratos Wealth Partners LTD. now owns 12,645 shares of the business services provider’s stock valued at $1,951,000 after purchasing an additional 2,137 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of Paychex by 10.8% in the 1st quarter. Greenleaf Trust now owns 7,146 shares of the business services provider’s stock worth $1,102,000 after buying an additional 694 shares during the period. Finally, Quotient Wealth Partners LLC bought a new position in shares of Paychex during the 1st quarter worth $250,000. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PAYX. Stephens upgraded Paychex to a “hold” rating in a report on Tuesday, October 7th. Stifel Nicolaus lowered their price target 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. Morgan Stanley increased their price objective on shares of Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. UBS Group reduced their price objective on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Finally, Wolfe Research lowered their target price on Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a report on Friday, September 26th. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Paychex currently has an average rating of “Reduce” and an average price target of $139.87.

Paychex Price Performance

Shares of PAYX opened at $111.96 on Friday. The company has a market cap of $40.29 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 2.68 and a beta of 0.93. Paychex, Inc. has a twelve month low of $110.70 and a twelve month high of $161.24. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average of $127.05 and a two-hundred day moving average of $140.25.

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

Paychex Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 dividend yield of 3.9%. Paychex’s payout ratio is presently 97.08%.

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.