Teacher Retirement System of Texas Sells 33,006 Shares of Paychex, Inc. $PAYX

Teacher Retirement System of Texas lowered its stake in Paychex, Inc. (NASDAQ:PAYX) by 35.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,750 shares of the business services provider’s stock after selling 33,006 shares during the quarter. Teacher Retirement System of Texas’ holdings in Paychex were worth $8,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PAYX. Brighton Jones LLC raised its stake 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 period. Bison Wealth LLC raised its stake 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 period. Diversified Trust Co raised its stake in shares of Paychex by 10.2% in the first quarter. Diversified Trust Co now owns 2,091 shares of the business services provider’s stock worth $323,000 after buying an additional 193 shares during the period. Koshinski Asset Management Inc. raised its stake in shares of Paychex by 13.0% in the first quarter. Koshinski Asset Management Inc. now owns 9,041 shares of the business services provider’s stock worth $1,395,000 after buying an additional 1,039 shares during the period. Finally, Alta Advisers Ltd bought a new stake in Paychex during the 1st quarter valued at approximately $267,000. Institutional investors own 83.47% of the company’s stock.

Paychex Stock Performance

NASDAQ:PAYX opened at $117.40 on Thursday. 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 1 year low of $117.00 and a 1 year high of $161.24. The stock’s 50 day simple moving average is $130.38 and its two-hundred day simple moving average is $141.70. The company has a market cap of $42.25 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.84 and a beta of 0.92.

Paychex (NASDAQ:PAYX) last released its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the company posted $1.16 EPS. The company’s 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, equities analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders 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 yield of 3.7%. Paychex’s payout ratio is presently 97.08%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Stifel Nicolaus decreased their target price on Paychex from $142.00 to $137.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Jefferies Financial Group set a $130.00 target price on Paychex in a research note on Tuesday, September 30th. Wells Fargo & Company raised Paychex to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Citigroup assumed coverage on Paychex in a research note on Thursday, October 23rd. They set a “neutral” rating and a $139.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $139.87.

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.