Soltis Investment Advisors LLC Has $2.34 Million Position in Paychex, Inc. $PAYX

Soltis Investment Advisors LLC grew its stake in Paychex, Inc. (NASDAQ:PAYX) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,052 shares of the business services provider’s stock after purchasing an additional 832 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Paychex were worth $2,335,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew 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 valued at $801,000 after purchasing an additional 1,190 shares during the last quarter. Bison Wealth LLC grew its holdings in Paychex by 3.0% in the 4th quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock valued at $566,000 after buying an additional 117 shares in the last quarter. Strategic Blueprint LLC bought a new position in Paychex during the 1st quarter worth $229,000. Penserra Capital Management LLC lifted its holdings in shares of Paychex by 200.3% during the first quarter. Penserra Capital Management LLC now owns 6,970 shares of the business services provider’s stock worth $1,074,000 after buying an additional 4,649 shares in the last quarter. Finally, Stratos Investment Management LLC boosted its position in shares of Paychex by 56.0% in the first quarter. Stratos Investment Management LLC now owns 3,002 shares of the business services provider’s stock valued at $463,000 after acquiring an additional 1,078 shares during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.

Analyst Upgrades and Downgrades

PAYX has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their price objective 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. Wells Fargo & Company upgraded shares of Paychex to a “strong sell” rating in a research report on Wednesday, October 22nd. Robert W. Baird reduced their price target on Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. Stifel Nicolaus lowered their price objective on Paychex from $142.00 to $137.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Finally, Argus cut their target price on Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Paychex presently has a consensus rating of “Reduce” and an average target price of $139.87.

Paychex Price Performance

Paychex stock opened at $116.50 on Thursday. 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 52 week low of $113.15 and a 52 week high of $161.24. The stock has a market capitalization of $41.93 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 2.68 and a beta of 0.93. The stock has a fifty day moving average of $128.11 and a 200-day moving average of $140.64.

Paychex (NASDAQ:PAYX) last issued its 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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, sell-side analysts expect that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 7th. Paychex’s payout ratio is presently 97.08%.

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.