Intrust Bank NA Has $263,000 Holdings in Paychex, Inc. $PAYX

Intrust Bank NA trimmed its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 31.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,808 shares of the business services provider’s stock after selling 830 shares during the quarter. Intrust Bank NA’s holdings in Paychex were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Select Equity Group L.P. lifted its stake in Paychex by 99.0% in the first quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider’s stock valued at $539,102,000 after acquiring an additional 1,738,372 shares during the last quarter. Nuveen LLC bought a new position in shares of Paychex during the 1st quarter valued at $134,192,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Paychex by 7.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,782,173 shares of the business services provider’s stock valued at $1,663,474,000 after purchasing an additional 737,542 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Paychex by 117.6% in the 1st quarter. Neuberger Berman Group LLC now owns 1,217,092 shares of the business services provider’s stock valued at $187,512,000 after purchasing an additional 657,871 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Paychex by 25.7% during the first quarter. Goldman Sachs Group Inc. now owns 2,844,949 shares of the business services provider’s stock worth $438,919,000 after buying an additional 581,410 shares during the last quarter. Institutional investors own 83.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PAYX shares. Wolfe Research reduced their price target on Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Argus cut their price objective on Paychex from $170.00 to $150.00 in a research note on Thursday, October 2nd. UBS Group decreased their target price on Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Morgan Stanley lifted their price target on shares of Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. Finally, Stifel Nicolaus reduced their price objective on shares of Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. Thirteen investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $139.87.

Paychex Stock Performance

PAYX opened at $109.96 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average price is $123.54 and its two-hundred day moving average price is $138.50. The firm has a market capitalization of $39.57 billion, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 2.68 and a beta of 0.93. Paychex, Inc. has a 12-month low of $109.07 and a 12-month high of $161.24.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 earnings per share for the quarter, beating 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 company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the business earned $1.16 earnings per share. Paychex’s revenue for the quarter was up 16.8% compared to the same quarter last year. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, equities analysts forecast that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, November 7th. Paychex’s dividend payout ratio (DPR) is currently 97.08%.

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.