Paychex, Inc. $PAYX Shares Sold by Cypress Capital Group

Cypress Capital Group lessened its holdings in Paychex, Inc. (NASDAQ:PAYX) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,065 shares of the business services provider’s stock after selling 2,116 shares during the period. Cypress Capital Group’s holdings in Paychex were worth $6,555,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Paychex by 26.3% in the fourth 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 last quarter. Bison Wealth LLC lifted its position in shares of Paychex by 3.0% in 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. GAMMA Investing LLC lifted its position in shares of Paychex by 31.8% in the first quarter. GAMMA Investing LLC now owns 7,474 shares of the business services provider’s stock worth $1,153,000 after buying an additional 1,804 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of Paychex by 1,086.7% in the first quarter. NorthCrest Asset Manangement LLC now owns 2,314 shares of the business services provider’s stock worth $357,000 after buying an additional 2,119 shares during the last quarter. Finally, Tritonpoint Wealth LLC lifted its position in shares of Paychex by 15.4% in the first quarter. Tritonpoint Wealth LLC now owns 1,863 shares of the business services provider’s stock worth $287,000 after buying an additional 248 shares during the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PAYX. Robert W. Baird cut their price objective on Paychex from $153.00 to $148.00 and set a “neutral” rating for the company in a research report on Wednesday, October 1st. TD Cowen cut their price objective on Paychex from $140.00 to $126.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Wolfe Research cut their price objective on Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Jefferies Financial Group set a $130.00 price objective on Paychex in a research report on Tuesday, September 30th. Finally, Weiss Ratings raised Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $141.29.

Paychex Stock Up 0.3%

Shares of PAYX opened at $125.55 on Monday. The company has a market capitalization of $45.18 billion, a P/E ratio of 28.21, a PEG ratio of 2.87 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. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24. The business’s 50 day simple moving average is $133.78 and its 200-day simple moving average is $143.63.

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, topping the consensus estimate of $1.20 by $0.02. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business earned $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. As a group, sell-side analysts predict that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

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

Insider Buying and Selling

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

Paychex 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.