Bogart Wealth LLC Has $55,000 Position in Paychex, Inc. $PAYX

Bogart Wealth LLC boosted its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 32.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 379 shares of the business services provider’s stock after buying an additional 93 shares during the quarter. Bogart Wealth LLC’s holdings in Paychex were worth $55,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Paychex by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 31,807,843 shares of the business services provider’s stock worth $4,907,314,000 after buying an additional 286,818 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Paychex by 7.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,782,173 shares of the business services provider’s stock valued at $1,663,474,000 after purchasing an additional 737,542 shares during the period. Northern Trust Corp lifted its stake in shares of Paychex by 3.8% in the 1st quarter. Northern Trust Corp now owns 4,989,182 shares of the business services provider’s stock valued at $769,731,000 after purchasing an additional 181,628 shares during the period. Invesco Ltd. lifted its stake in shares of Paychex by 0.7% in the 1st quarter. Invesco Ltd. now owns 4,135,296 shares of the business services provider’s stock valued at $637,993,000 after purchasing an additional 30,670 shares during the period. Finally, Select Equity Group L.P. lifted its stake in shares of Paychex by 99.0% in the 1st quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider’s stock valued at $539,102,000 after purchasing an additional 1,738,372 shares during the period. 83.47% of the stock is owned by institutional investors and hedge funds.

Paychex Stock Performance

Shares of Paychex stock opened at $127.54 on Wednesday. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24. The firm has a market capitalization of $45.90 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 2.89 and a beta of 0.92. The business has a 50-day simple moving average of $132.13 and a 200 day simple moving average of $142.49. 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 (NASDAQ:PAYX) last issued its earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company posted $1.16 EPS. The firm’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. On average, research analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 7th. Paychex’s payout ratio is currently 97.08%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PAYX. Weiss Ratings raised Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. BMO Capital Markets dropped their price objective on Paychex from $143.00 to $140.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. UBS Group dropped their price objective on Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. TD Cowen dropped their price objective on Paychex from $140.00 to $126.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Finally, Morgan Stanley boosted their price objective on Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $140.47.

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.