Pinnacle Wealth Planning Services Inc. Makes New Investment in Paychex, Inc. $PAYX

Pinnacle Wealth Planning Services Inc. purchased a new position in Paychex, Inc. (NASDAQ:PAYX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,778 shares of the business services provider’s stock, valued at approximately $259,000.

A number of other large investors have also modified their holdings of PAYX. Brighton Jones LLC raised its position in Paychex by 26.3% in the 4th 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 in the last quarter. Bison Wealth LLC increased its stake in shares of Paychex by 3.0% during 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. IFP Advisors Inc raised its holdings in Paychex by 10.3% in the first quarter. IFP Advisors Inc now owns 7,023 shares of the business services provider’s stock valued at $1,090,000 after acquiring an additional 658 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Paychex by 4.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 24,720 shares of the business services provider’s stock worth $3,814,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Crestwood Advisors Group LLC purchased a new position in Paychex in the first quarter worth approximately $229,000. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PAYX. Morgan Stanley raised their price objective on shares of Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Paychex in a report on Thursday, November 13th. Stifel Nicolaus cut their price target on Paychex from $142.00 to $137.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company raised Paychex to a “strong sell” rating in a research report on Wednesday, October 22nd. Finally, Argus cut their target price on Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. Thirteen investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $139.87.

Paychex Stock Performance

Shares of PAYX stock opened at $109.55 on Thursday. The stock’s 50-day moving average is $123.07 and its two-hundred day moving average is $138.29. 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 1 year low of $108.00 and a 1 year high of $161.24. The firm has a market cap of $39.43 billion, a price-to-earnings ratio of 24.62, a PEG ratio of 2.68 and a beta of 0.93.

Paychex (NASDAQ:PAYX) last posted its earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. The business 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 period in the previous year, the business earned $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Analysts predict that Paychex, Inc. will post 4.99 earnings per share 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 3.9%. 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.