NBT Bank N A NY Sells 100 Shares of Paychex, Inc. $PAYX

NBT Bank N A NY trimmed its holdings in Paychex, Inc. (NASDAQ:PAYX) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,244 shares of the business services provider’s stock after selling 100 shares during the period. NBT Bank N A NY’s holdings in Paychex were worth $2,363,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PAYX. Brighton Jones LLC boosted its holdings in shares of 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 during the period. Bison Wealth LLC boosted its holdings in shares of 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 buying an additional 117 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Paychex by 18.3% during the 1st quarter. Farther Finance Advisors LLC now owns 12,030 shares of the business services provider’s stock worth $1,860,000 after buying an additional 1,858 shares during the period. Pallas Capital Advisors LLC boosted its holdings in shares of Paychex by 4.1% during the 1st quarter. Pallas Capital Advisors LLC now owns 3,541 shares of the business services provider’s stock worth $546,000 after buying an additional 138 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Paychex by 2.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 18,702 shares of the business services provider’s stock worth $2,885,000 after buying an additional 366 shares during the period. 83.47% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO John B. Gibson sold 12,370 shares of the stock in a transaction 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 transaction, the chief executive officer owned 81,755 shares in the company, valued at approximately $11,602,669.60. This represents a 13.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PAYX shares. Argus decreased their price objective on shares of Paychex from $170.00 to $150.00 in a report on Thursday, October 2nd. Wolfe Research decreased their price objective on shares of Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Stifel Nicolaus decreased their price objective on shares of Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. BMO Capital Markets cut their target price on shares of Paychex from $143.00 to $140.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Finally, Robert W. Baird cut their target price on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $141.29.

Paychex Price Performance

NASDAQ:PAYX opened at $126.59 on Thursday. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24. The stock has a market cap of $45.56 billion, a P/E ratio of 28.45, a PEG ratio of 2.90 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27. The company has a fifty day moving average price of $134.43 and a 200 day moving average price of $143.99.

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

About Paychex

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.