Mawer Investment Management Ltd. Sells 183,784 Shares of Paychex, Inc. $PAYX

Mawer Investment Management Ltd. trimmed its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 31.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 407,696 shares of the business services provider’s stock after selling 183,784 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Paychex were worth $59,303,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Summit Wealth Partners LLC lifted its holdings in Paychex by 2.4% during the 1st quarter. Summit Wealth Partners LLC now owns 3,027 shares of the business services provider’s stock valued at $467,000 after buying an additional 70 shares in the last quarter. LGT Group Foundation raised its position in Paychex by 2.8% during the 1st quarter. LGT Group Foundation now owns 2,528 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 70 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Paychex by 1.0% in the 2nd quarter. Brighton Jones LLC now owns 6,954 shares of the business services provider’s stock worth $1,012,000 after buying an additional 71 shares during the period. King Wealth Management Group grew its position in shares of Paychex by 4.7% during the 1st quarter. King Wealth Management Group now owns 1,669 shares of the business services provider’s stock worth $257,000 after buying an additional 75 shares in the last quarter. Finally, Sunflower Bank N.A. raised its holdings in shares of Paychex by 3.4% in the second quarter. Sunflower Bank N.A. now owns 2,305 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 75 shares in the last quarter. 83.47% of the stock is owned by hedge funds and other institutional investors.

Paychex Stock Down 0.4%

NASDAQ:PAYX opened at $111.48 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. Paychex, Inc. has a twelve month low of $110.16 and a twelve month high of $161.24. The company has a market cap of $40.12 billion, a PE ratio of 25.05, a P/E/G ratio of 2.68 and a beta of 0.93. The company’s 50 day moving average is $126.49 and its two-hundred day moving average is $139.98.

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

Paychex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, November 7th. Paychex’s dividend payout ratio (DPR) is 97.08%.

Analysts Set New Price Targets

A number of research analysts have commented on PAYX shares. Weiss Ratings downgraded shares of Paychex from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday. UBS Group lowered their target price on Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. Jefferies Financial Group set a $130.00 target price on Paychex in a research report on Tuesday, September 30th. Argus reduced their price target on Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. Finally, Morgan Stanley raised their price objective on Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Thirteen research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Paychex presently has a consensus rating of “Reduce” and a consensus target price of $139.87.

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.