HORAN Wealth LLC Acquires Shares of 48,343 Paychex, Inc. $PAYX

Posted by Stanley Muller on Sep 7th, 2026

HORAN Wealth LLC bought a new position in shares of Paychex, Inc. (NASDAQ:PAYX – Free Report) in the second quarter, Holdings Channel.com reports. The fund bought 48,343 shares of the business services provider’s stock, valued at approximately $4,754,000.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its stake in Paychex by 26.3% in the 4th quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock worth $801,000 after purchasing an additional 1,190 shares in the last quarter. Bison Wealth LLC grew its position in shares of Paychex by 3.0% in the fourth quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock valued at $566,000 after purchasing an additional 117 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Paychex in the first quarter valued at approximately $3,333,000. NewEdge Advisors LLC increased its holdings in shares of Paychex by 3.2% in the second quarter. NewEdge Advisors LLC now owns 41,081 shares of the business services provider’s stock valued at $5,976,000 after purchasing an additional 1,290 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Paychex by 47.1% during the second quarter. Sei Investments Co. now owns 156,680 shares of the business services provider’s stock worth $22,790,000 after buying an additional 50,169 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Paychex Price Performance

Shares of PAYX opened at $121.71 on Monday. The company’s 50-day moving average price is $116.50 and its 200 day moving average price is $102.02. Paychex, Inc. has a 12-month low of $85.45 and a 12-month high of $138.19. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.22. The firm has a market cap of $43.29 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 2.55 and a beta of 0.82.

Paychex (NASDAQ:PAYX – Get Free Report) last announced its earnings results on Wednesday, June 24th. The business services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.01. Paychex had a net margin of 27.03% and a return on equity of 50.90%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the firm posted $1.19 earnings per share. Paychex’s revenue was up 12.5% compared to the same quarter last year. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. On average, sell-side analysts forecast that Paychex, Inc. will post 5.96 earnings per share for the current year.

Paychex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Tuesday, July 28th were given a dividend of $1.19 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 3.9%. Paychex’s dividend payout ratio (DPR) is presently 97.34%.

Insider Activity at Paychex

In related news, Director Joseph M. Tucci sold 3,907 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $98.25, for a total value of $383,862.75. Following the sale, the director owned 67,364 shares in the company, valued at approximately $6,618,513. The trade was a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert L. Schrader sold 2,600 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $115.09, for a total value of $299,234.00. Following the transaction, the chief financial officer directly owned 18,547 shares in the company, valued at approximately $2,134,574.23. The trade was a 12.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of Paychex in a research note on Thursday, May 28th. JPMorgan Chase & Co. boosted their price target on shares of Paychex from $100.00 to $105.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. TD Cowen raised their price objective on shares of Paychex from $94.00 to $98.00 and gave the stock a “hold” rating in a research report on Monday, June 8th. Citigroup lifted their target price on shares of Paychex from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus boosted their target price on shares of Paychex from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $111.00.

Read Our Latest Report on Paychex

Paychex Company Profile

(Free Report)

Paychex, Inc, founded in 1971 by B. Thomas “Tom” Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company’s core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers’ compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.