Cross Staff Investments Inc Has $978,000 Stock Position in Paychex, Inc. $PAYX

Cross Staff Investments Inc reduced its holdings in Paychex, Inc. (NASDAQ:PAYX) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,722 shares of the business services provider’s stock after selling 250 shares during the quarter. Cross Staff Investments Inc’s holdings in Paychex were worth $978,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYX. Brighton Jones LLC increased its position in Paychex by 26.3% in the 4th quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock valued at $801,000 after acquiring an additional 1,190 shares during the period. Bison Wealth LLC increased its position in Paychex by 3.0% in the 4th quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock valued at $566,000 after acquiring an additional 117 shares during the period. GAMMA Investing LLC increased its position in Paychex by 31.8% in the 1st quarter. GAMMA Investing LLC now owns 7,474 shares of the business services provider’s stock valued at $1,153,000 after acquiring an additional 1,804 shares during the period. CX Institutional increased its position in Paychex by 11.5% in the 1st quarter. CX Institutional now owns 3,172 shares of the business services provider’s stock valued at $489,000 after acquiring an additional 327 shares during the period. Finally, Simon Quick Advisors LLC increased its position in Paychex by 31.1% in the 1st quarter. Simon Quick Advisors LLC now owns 7,268 shares of the business services provider’s stock valued at $1,121,000 after acquiring an additional 1,725 shares during the period. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Paychex news, CEO John B. Gibson sold 12,370 shares of the firm’s 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 sale, the chief executive officer directly owned 81,755 shares in the company, valued at approximately $11,602,669.60. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

PAYX has been the subject of several recent analyst reports. TD Cowen decreased their price objective on shares of Paychex from $140.00 to $126.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Citigroup decreased their price objective on shares of Paychex from $158.00 to $148.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Morgan Stanley decreased their price objective on shares of Paychex from $148.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. Royal Bank Of Canada set a $165.00 price objective on shares of Paychex and gave the stock a “sector perform” rating in a research report on Tuesday, June 24th. Finally, Weiss Ratings upgraded shares of Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. 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 stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $141.29.

Paychex Trading Up 0.3%

NASDAQ:PAYX opened at $125.55 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $45.18 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.86 and a beta of 0.92. The firm has a fifty day simple moving average of $133.78 and a two-hundred day simple moving average of $143.73. Paychex, Inc. has a 12 month low of $119.02 and a 12 month high of $161.24.

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

Paychex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, November 7th. Paychex’s dividend payout ratio (DPR) is presently 97.08%.

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.