Paychex, Inc. $PAYX Shares Acquired by LMG Wealth Partners LLC

LMG Wealth Partners LLC grew its holdings in Paychex, Inc. (NASDAQ:PAYX) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,183 shares of the business services provider’s stock after buying an additional 667 shares during the quarter. LMG Wealth Partners LLC’s holdings in Paychex were worth $1,918,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its stake in shares of Paychex by 118.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 136,876 shares of the business services provider’s stock worth $21,117,000 after acquiring an additional 74,245 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Paychex by 32.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 119,291 shares of the business services provider’s stock worth $18,404,000 after acquiring an additional 29,320 shares in the last quarter. Martin Capital Partners LLC grew its stake in shares of Paychex by 166.9% in the second quarter. Martin Capital Partners LLC now owns 6,340 shares of the business services provider’s stock worth $922,000 after acquiring an additional 3,965 shares in the last quarter. MWA Asset Management grew its stake in shares of Paychex by 6.5% in the first quarter. MWA Asset Management now owns 4,269 shares of the business services provider’s stock worth $659,000 after acquiring an additional 262 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Paychex during the first quarter worth $832,000. Institutional investors and hedge funds own 83.47% of the company’s stock.

Paychex Price Performance

Shares of PAYX opened at $126.56 on Monday. Paychex, Inc. has a 1-year low of $119.02 and a 1-year high of $161.24. The stock has a market cap of $45.55 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 2.89 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 firm has a fifty day moving average price of $132.52 and a 200 day moving average price of $142.71.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share 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 analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned $1.16 earnings per share. Paychex’s quarterly revenue 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 anticipate that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders 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 dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 7th. Paychex’s dividend payout ratio is presently 97.08%.

Analysts Set New Price Targets

PAYX has been the subject of a number of analyst reports. Barclays set a $155.00 target price on shares of Paychex and gave the stock an “equal weight” rating in a research note on Tuesday, June 24th. Jefferies Financial Group set a $130.00 target price on shares of Paychex in a research note on Tuesday, September 30th. Morgan Stanley lowered their target price on shares of Paychex from $148.00 to $132.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 1st. UBS Group lowered their target price on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Finally, BMO Capital Markets lowered 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. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $141.29.

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.