10,709 Shares in Paychex, Inc. $PAYX Purchased by Greenland Capital Management LP

Greenland Capital Management LP acquired a new stake in Paychex, Inc. (NASDAQ:PAYX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,709 shares of the business services provider’s stock, valued at approximately $1,558,000.

A number of other institutional investors have also modified their holdings of PAYX. Brighton Jones LLC raised its position in Paychex by 26.3% during 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 valued at $566,000 after buying an additional 117 shares during the period. IFP Advisors Inc raised its holdings in shares of 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 raised its holdings in shares of 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 valued at $3,814,000 after acquiring an additional 1,001 shares in the last quarter. Finally, Crestwood Advisors Group LLC purchased a new stake in Paychex in the first quarter worth about $229,000. 83.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on PAYX. Morgan Stanley boosted their price target 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 research note on Thursday, November 13th. TD Cowen dropped their target price on Paychex from $140.00 to $126.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Wells Fargo & Company upgraded Paychex to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Stephens upgraded shares of Paychex to a “hold” rating in a report on Tuesday, October 7th. Thirteen equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $139.87.

Paychex Trading Down 0.4%

NASDAQ:PAYX opened at $109.55 on Thursday. The company has a market capitalization of $39.43 billion, a P/E ratio of 24.62, a PEG ratio of 2.68 and a beta of 0.93. 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, Inc. has a 12 month low of $108.00 and a 12 month high of $161.24. The firm has a fifty day simple moving average of $123.07 and a 200-day simple moving average of $138.29.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, equities research analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The firm 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 $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, November 7th. Paychex’s dividend payout ratio (DPR) is presently 97.08%.

Paychex Company 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.