Dynamic Technology Lab Private Ltd Purchases New Shares in Paychex, Inc. $PAYX

Dynamic Technology Lab Private Ltd purchased a new position in shares of Paychex, Inc. (NASDAQ:PAYX) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 12,409 shares of the business services provider’s stock, valued at approximately $1,573,000.

Other institutional investors have also added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC purchased a new position in shares of Paychex in the 3rd quarter worth approximately $25,000. MMA Asset Management LLC purchased a new position in Paychex in the third quarter worth $32,000. Westfuller Advisors LLC purchased a new position in Paychex in the third quarter worth $35,000. Caitlin John LLC bought a new position in Paychex in the 3rd quarter valued at $36,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in Paychex by 193.2% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 346 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 228 shares during the period. 83.47% of the stock is owned by institutional investors.

Paychex Price Performance

NASDAQ PAYX opened at $100.85 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.17. The company has a market cap of $36.20 billion, a PE ratio of 22.87 and a beta of 0.91. Paychex, Inc. has a 52 week low of $86.89 and a 52 week high of $161.24. The firm’s 50-day simple moving average is $102.25 and its two-hundred day simple moving average is $115.48.

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

Paychex declared that its board has approved a share buyback program on Friday, January 16th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Paychex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, January 28th were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $4.32 dividend on an annualized basis and a yield of 4.3%. Paychex’s payout ratio is presently 97.96%.

Analysts Set New Price Targets

PAYX has been the topic of a number of recent analyst reports. BMO Capital Markets lowered their target price on Paychex from $140.00 to $121.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 9th. Cantor Fitzgerald upgraded shares of Paychex to a “strong sell” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada lowered their price target on shares of Paychex from $150.00 to $125.00 and set a “sector perform” rating on the stock in a report on Friday, December 5th. Stephens dropped their price objective on Paychex from $135.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Monday, December 22nd. Finally, TD Cowen reissued a “hold” rating on shares of Paychex in a report on Monday, December 1st. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $123.94.

Paychex Profile

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.