RDA Financial Network Acquires 117 Shares of Paychex, Inc. $PAYX

RDA Financial Network grew its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,803 shares of the business services provider’s stock after buying an additional 117 shares during the quarter. RDA Financial Network’s holdings in Paychex were worth $699,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYX. Brighton Jones LLC lifted its position in Paychex by 26.3% during the 4th quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock worth $801,000 after buying an additional 1,190 shares in the last quarter. Bison Wealth LLC increased its position in Paychex by 3.0% during the fourth quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock worth $566,000 after buying an additional 117 shares during the last quarter. NorthRock Partners LLC acquired a new position in Paychex during the fourth quarter worth approximately $512,000. Pathstone Holdings LLC raised its stake in Paychex by 3.9% in the fourth quarter. Pathstone Holdings LLC now owns 54,172 shares of the business services provider’s stock valued at $7,604,000 after buying an additional 2,033 shares during the period. Finally, Raiffeisen Bank International AG acquired a new stake in shares of Paychex in the fourth quarter valued at approximately $1,261,000. 83.47% of the stock is owned by institutional investors.

Paychex Price Performance

Paychex stock opened at $135.11 on Friday. The stock’s 50 day moving average is $140.44 and its 200-day moving average is $146.53. Paychex, Inc. has a 12 month low of $131.83 and a 12 month high of $161.24. The company has a market capitalization of $48.59 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 3.10 and a beta of 0.91. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.10.

Paychex (NASDAQ:PAYX) last announced its earnings results on Wednesday, June 25th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.19. Paychex had a net margin of 29.75% and a return on equity of 45.01%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted $1.12 EPS. Paychex has set its FY 2026 guidance at EPS. Equities research analysts expect that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, July 21st were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, July 21st. Paychex’s dividend payout ratio is presently 94.53%.

Analyst Ratings Changes

A number of research analysts recently weighed in on PAYX shares. UBS Group decreased their target price on Paychex from $155.00 to $145.00 and set a “neutral” rating on the stock in a report on Thursday, June 26th. JPMorgan Chase & Co. upped their price objective on shares of Paychex from $148.00 to $153.00 and gave the company an “underweight” rating in a report on Thursday, August 14th. Morgan Stanley cut their target price on shares of Paychex from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Friday, June 27th. Citigroup reduced their target price on shares of Paychex from $158.00 to $148.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Finally, Royal Bank Of Canada set a $165.00 price target on shares of Paychex and gave the company a “sector perform” rating in a research note on Tuesday, June 24th. Ten equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $149.70.

Insider Buying and Selling

In other Paychex news, Chairman Martin Mucci sold 97,526 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $145.17, for a total transaction of $14,157,849.42. Following the transaction, the chairman owned 446,917 shares in the company, valued at $64,878,940.89. This represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John B. Gibson sold 12,370 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $141.92, for a total transaction of $1,755,550.40. Following the transaction, the chief executive officer owned 81,755 shares in the company, valued at approximately $11,602,669.60. The trade was a 13.14% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

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.