Dillon & Associates Inc. Has $6.84 Million Holdings in Paychex, Inc. $PAYX

Dillon & Associates Inc. lessened its stake in Paychex, Inc. (NASDAQ:PAYX) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,197 shares of the business services provider’s stock after selling 1,684 shares during the quarter. Dillon & Associates Inc.’s holdings in Paychex were worth $6,844,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC raised its stake in Paychex by 83.8% in the second quarter. NewSquare Capital LLC now owns 215 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 98 shares in the last quarter. Quarry LP bought a new position in Paychex in the first quarter valued at about $34,000. Nova Wealth Management Inc. bought a new position in Paychex in the first quarter valued at about $38,000. Whipplewood Advisors LLC grew its position in Paychex by 94.0% in the second quarter. Whipplewood Advisors LLC now owns 293 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 142 shares during the last quarter. Finally, Bogart Wealth LLC grew its position in Paychex by 32.5% in the second quarter. Bogart Wealth LLC now owns 379 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

Paychex Price Performance

Shares of NASDAQ:PAYX opened at $115.11 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. Paychex, Inc. has a twelve month low of $113.47 and a twelve month high of $161.24. The stock’s 50 day moving average is $129.02 and its 200-day moving average is $141.02. The firm has a market capitalization of $41.43 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 2.68 and a beta of 0.92.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. Paychex’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. Sell-side analysts forecast that Paychex, Inc. will post 4.99 EPS for the current fiscal 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 paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, November 7th. Paychex’s dividend payout ratio is 97.08%.

Wall Street Analysts Forecast Growth

PAYX has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their target price on Paychex from $142.00 to $137.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Morgan Stanley lifted their target price on Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. BMO Capital Markets decreased their target price on Paychex from $143.00 to $140.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Argus decreased their target price on Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. Finally, Jefferies Financial Group set a $130.00 target price on Paychex in a research report on Tuesday, September 30th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $139.87.

Paychex 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.