Guggenheim Capital LLC Buys 14,343 Shares of Paychex, Inc. $PAYX

Guggenheim Capital LLC grew its position in Paychex, Inc. (NASDAQ:PAYX) by 16.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,556 shares of the business services provider’s stock after purchasing an additional 14,343 shares during the quarter. Guggenheim Capital LLC’s holdings in Paychex were worth $14,481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Miramar Capital LLC raised its holdings in Paychex by 0.8% in the 2nd quarter. Miramar Capital LLC now owns 65,731 shares of the business services provider’s stock worth $9,561,000 after acquiring an additional 500 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Paychex by 10.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,576 shares of the business services provider’s stock valued at $666,000 after acquiring an additional 422 shares during the period. Invesco Ltd. grew its position in shares of Paychex by 6.0% in the second quarter. Invesco Ltd. now owns 4,384,846 shares of the business services provider’s stock valued at $637,820,000 after purchasing an additional 249,550 shares during the last quarter. CW Advisors LLC increased its stake in shares of Paychex by 10.6% in the second quarter. CW Advisors LLC now owns 20,347 shares of the business services provider’s stock worth $2,960,000 after purchasing an additional 1,945 shares during the period. Finally, Groupe la Francaise lifted its position in shares of Paychex by 19.1% during the 2nd quarter. Groupe la Francaise now owns 30,886 shares of the business services provider’s stock worth $4,473,000 after purchasing an additional 4,964 shares during the last quarter. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Paychex Price Performance

Shares of NASDAQ:PAYX opened at $111.76 on Friday. The firm has a market capitalization of $40.22 billion, a PE ratio of 25.11 and a beta of 0.91. 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 1-year low of $108.00 and a 1-year high of $161.24. The business’s 50 day moving average is $118.69 and its 200-day moving average is $135.29.

Paychex (NASDAQ:PAYX) last issued its earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.20 by $0.02. The firm 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%.Paychex’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the business earned $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Sell-side analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 7th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, November 7th. Paychex’s dividend payout ratio is 97.08%.

Analyst Ratings Changes

Several analysts recently weighed in on PAYX shares. Citigroup assumed coverage on Paychex in a research note on Thursday, October 23rd. They set a “neutral” rating and a $139.00 target price for the company. Stephens upgraded Paychex to a “hold” rating in a report on Tuesday, October 7th. BMO Capital Markets lowered their price objective on shares of Paychex from $143.00 to $140.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. TD Cowen dropped their target price on shares of Paychex from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Argus cut their target price on shares of Paychex from $170.00 to $150.00 in a research note on Thursday, October 2nd. Fourteen equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Paychex has an average rating of “Reduce” and a consensus price target of $139.07.

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.