Consolidated Planning Corp Sells 473 Shares of Paychex, Inc. $PAYX

Consolidated Planning Corp cut its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 19.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,954 shares of the business services provider’s stock after selling 473 shares during the period. Consolidated Planning Corp’s holdings in Paychex were worth $284,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Newman Dignan & Sheerar Inc. bought a new stake in shares of Paychex during the second quarter valued at about $204,000. QTR Family Wealth LLC increased its position in shares of Paychex by 2.5% during the second quarter. QTR Family Wealth LLC now owns 3,107 shares of the business services provider’s stock valued at $452,000 after buying an additional 77 shares during the period. Trust Co. of Vermont increased its position in shares of Paychex by 0.5% during the second quarter. Trust Co. of Vermont now owns 36,757 shares of the business services provider’s stock valued at $5,347,000 after buying an additional 166 shares during the period. Loudon Investment Management LLC grew its holdings in shares of Paychex by 4.4% during the second quarter. Loudon Investment Management LLC now owns 7,195 shares of the business services provider’s stock worth $1,047,000 after purchasing an additional 300 shares in the last quarter. Finally, Rogco LP grew its holdings in shares of Paychex by 3.6% during the second quarter. Rogco LP now owns 7,119 shares of the business services provider’s stock worth $1,036,000 after purchasing an additional 246 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors.

Paychex Stock Down 0.5%

Shares of PAYX opened at $123.42 on Friday. The firm has a market cap of $44.38 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.83 and a beta of 0.92. The stock has a 50 day simple moving average of $136.13 and a two-hundred day simple moving average of $144.55. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.28. Paychex, Inc. has a 1 year low of $119.02 and a 1 year high of $161.24.

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

Paychex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, July 21st were paid a $1.08 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $4.32 annualized dividend and a yield of 3.5%. Paychex’s dividend payout ratio is currently 97.08%.

Insider Activity at Paychex

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on PAYX shares. Citigroup cut their price objective on Paychex from $158.00 to $148.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Jefferies Financial Group set a $130.00 price objective on Paychex in a report on Tuesday. Stifel Nicolaus cut their price objective on Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a report on Wednesday. Royal Bank Of Canada set a $165.00 price objective on Paychex and gave the stock a “sector perform” rating in a report on Tuesday, June 24th. Finally, BMO Capital Markets cut their price objective on Paychex from $143.00 to $140.00 and set a “market perform” rating for the company in a report on Wednesday. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $142.83.

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.