Aberdeen Group plc Purchases 24,820 Shares of Paychex, Inc. $PAYX

Aberdeen Group plc raised its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 10.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 255,076 shares of the business services provider’s stock after purchasing an additional 24,820 shares during the period. Aberdeen Group plc owned 0.07% of Paychex worth $36,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Summit Wealth Partners LLC lifted its stake in Paychex by 2.4% in the 1st quarter. Summit Wealth Partners LLC now owns 3,027 shares of the business services provider’s stock valued at $467,000 after acquiring an additional 70 shares in the last quarter. LGT Group Foundation raised its holdings in shares of Paychex by 2.8% in the first quarter. LGT Group Foundation now owns 2,528 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 70 shares during the last quarter. Golden State Equity Partners boosted its holdings in Paychex by 0.9% during the first quarter. Golden State Equity Partners now owns 7,623 shares of the business services provider’s stock worth $1,176,000 after purchasing an additional 71 shares during the last quarter. Palumbo Wealth Management LLC grew its position in Paychex by 2.4% in the first quarter. Palumbo Wealth Management LLC now owns 3,192 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 74 shares in the last quarter. Finally, King Wealth Management Group increased its stake in Paychex by 4.7% in the 1st quarter. King Wealth Management Group now owns 1,669 shares of the business services provider’s stock valued at $257,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

Insider Activity at Paychex

In related news, CEO John B. Gibson sold 12,370 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was 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 of the company’s stock, valued at $11,602,669.60. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.80% of the company’s stock.

Paychex Stock Performance

Shares of NASDAQ PAYX opened at $125.55 on Monday. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24. The firm has a market cap of $45.18 billion, a price-to-earnings ratio of 28.21, a P/E/G ratio of 2.87 and a beta of 0.92. The stock’s fifty day moving average price is $133.78 and its two-hundred day moving average price is $143.63. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27.

Paychex (NASDAQ:PAYX) last posted 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm posted $1.16 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, equities analysts forecast that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a yield of 3.4%. Paychex’s dividend payout ratio is currently 97.08%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PAYX shares. Stephens upgraded Paychex to a “hold” rating in a report on Tuesday, October 7th. UBS Group decreased their price target on Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Jefferies Financial Group set a $130.00 price objective on Paychex in a report on Tuesday, September 30th. Citigroup lowered their price objective on shares of Paychex from $158.00 to $148.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Finally, Barclays set a $155.00 target price on Paychex and gave the stock an “equal weight” rating in a report on Tuesday, June 24th. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Paychex presently has a consensus rating of “Reduce” and a consensus target price of $141.29.

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.