Paychex, Inc. $PAYX Shares Bought by Aviva PLC

Aviva PLC grew its position in Paychex, Inc. (NASDAQ:PAYX) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,406 shares of the business services provider’s stock after acquiring an additional 14,946 shares during the quarter. Aviva PLC owned approximately 0.07% of Paychex worth $35,697,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. NewSquare Capital LLC boosted its holdings in shares of Paychex by 83.8% in the 2nd quarter. NewSquare Capital LLC now owns 215 shares of the business services provider’s stock valued at $31,000 after buying an additional 98 shares during the period. Quarry LP bought a new position in Paychex in the first quarter worth about $34,000. Nova Wealth Management Inc. acquired a new position in Paychex in the first quarter valued at approximately $38,000. GPS Wealth Strategies Group LLC boosted its stake in Paychex by 40.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 263 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 76 shares during the period. Finally, Whipplewood Advisors LLC grew its holdings in shares of 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. 83.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley raised their price target on Paychex from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. UBS Group lowered their price target on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Weiss Ratings raised shares of Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. TD Cowen reduced their target price on shares of Paychex from $140.00 to $126.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company upgraded shares of Paychex to a “strong sell” rating in a research note on Wednesday, October 22nd. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $139.87.

Paychex Stock Down 0.8%

Paychex stock opened at $111.96 on Monday. Paychex, Inc. has a 52 week low of $110.70 and a 52 week high of $161.24. The stock has a market cap of $40.29 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.68 and a beta of 0.93. The company’s 50-day moving average price is $127.05 and its two-hundred day moving average price is $140.21. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15.

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, beating the consensus estimate of $1.20 by $0.02. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm posted $1.16 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, analysts expect that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, November 7th. This represents a $4.32 annualized dividend and a dividend yield of 3.9%. Paychex’s dividend payout ratio (DPR) is 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.