Paychex, Inc. $PAYX Shares Sold by Human Investing LLC

Human Investing LLC cut its stake in Paychex, Inc. (NASDAQ:PAYX) by 11.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,061 shares of the business services provider’s stock after selling 625 shares during the period. Human Investing LLC’s holdings in Paychex were worth $736,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC bought a new stake in Paychex during the first quarter valued at $34,000. Quarry LP bought a new stake in Paychex during the first quarter valued at $34,000. Nova Wealth Management Inc. bought a new stake in Paychex during the first quarter valued at $38,000. Whipplewood Advisors LLC increased its stake in Paychex by 94.0% during the second quarter. Whipplewood Advisors LLC now owns 293 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 142 shares during the last quarter. Finally, Bogart Wealth LLC increased its stake in Paychex by 32.5% during the second quarter. Bogart Wealth LLC now owns 379 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 93 shares during the last quarter. 83.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PAYX has been the subject of several recent research reports. Wells Fargo & Company upgraded shares of Paychex to a “strong sell” rating in a research note on Wednesday, October 22nd. 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. Wolfe Research lowered their target price on shares of Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. JPMorgan Chase & Co. lowered their target price on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. Finally, BMO Capital Markets lowered their price target on shares of Paychex from $143.00 to $140.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Paychex presently has a consensus rating of “Reduce” and an average price target of $139.87.

Paychex Stock Down 0.8%

Paychex stock opened at $124.05 on Wednesday. The company has a 50-day simple moving average of $130.81 and a 200-day simple moving average of $141.90. The firm has a market capitalization of $44.64 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.86 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24.

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

Paychex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, November 7th. Paychex’s dividend payout ratio is currently 97.08%.

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.