Ossiam Grows Stock Position in Paychex, Inc. $PAYX

Ossiam boosted its position in Paychex, Inc. (NASDAQ:PAYX) by 398.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,225 shares of the business services provider’s stock after buying an additional 70,523 shares during the period. Ossiam’s holdings in Paychex were worth $11,183,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Paychex by 17.2% in the 3rd quarter. Vanguard Group Inc. now owns 37,765,468 shares of the business services provider’s stock worth $4,787,151,000 after acquiring an additional 5,549,511 shares during the period. State Street Corp boosted its holdings in shares of Paychex by 2.6% in the second quarter. State Street Corp now owns 14,066,067 shares of the business services provider’s stock valued at $2,046,050,000 after acquiring an additional 355,294 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Paychex by 2.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 11,033,312 shares of the business services provider’s stock worth $1,604,906,000 after acquiring an additional 251,139 shares during the period. Invesco Ltd. raised its holdings in Paychex by 6.0% during the second quarter. Invesco Ltd. now owns 4,384,846 shares of the business services provider’s stock worth $637,820,000 after purchasing an additional 249,550 shares in the last quarter. Finally, Select Equity Group L.P. raised its holdings in Paychex by 15.9% during the second quarter. Select Equity Group L.P. now owns 4,051,413 shares of the business services provider’s stock worth $589,319,000 after purchasing an additional 557,101 shares in the last quarter. 83.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PAYX shares. Wolfe Research lowered their price objective on Paychex from $130.00 to $115.00 and set an “underperform” rating on the stock in a report on Wednesday, December 10th. TD Cowen reissued a “hold” rating on shares of Paychex in a research note on Monday, December 1st. BMO Capital Markets decreased their price target on Paychex from $121.00 to $103.00 and set a “market perform” rating on the stock in a research note on Friday. Cantor Fitzgerald raised Paychex to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Paychex in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Paychex currently has an average rating of “Reduce” and an average price target of $122.81.

Paychex Stock Performance

NASDAQ:PAYX opened at $92.61 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average price of $100.48 and a two-hundred day moving average price of $114.09. Paychex, Inc. has a twelve month low of $86.89 and a twelve month high of $161.24. The company has a market capitalization of $33.24 billion, a P/E ratio of 21.00 and a beta of 0.91.

Paychex (NASDAQ:PAYX) last posted its earnings results on Friday, December 19th. The business services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.03. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. Paychex had a return on equity of 46.38% and a net margin of 26.45%.Paychex’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. Paychex has set its FY 2026 guidance at 5.480-5.530 EPS. As a group, research analysts expect that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex declared that its Board of Directors has authorized a stock buyback plan on Friday, January 16th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the business services provider to repurchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Paychex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, January 28th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Wednesday, January 28th. Paychex’s dividend payout ratio is 97.96%.

About Paychex

Paychex, Inc, founded in 1971 by B. Thomas “Tom” Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company’s core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers’ compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.