Jackson Wealth Management LLC Purchases 229 Shares of Paychex, Inc. $PAYX

Jackson Wealth Management LLC grew its position in Paychex, Inc. (NASDAQ:PAYX) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,459 shares of the business services provider’s stock after acquiring an additional 229 shares during the period. Jackson Wealth Management LLC’s holdings in Paychex were worth $3,849,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PAYX. Brighton Jones LLC raised its stake in shares of Paychex by 26.3% in the fourth quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock valued at $801,000 after acquiring an additional 1,190 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Paychex by 3.0% in the fourth quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock valued at $566,000 after acquiring an additional 117 shares during the last quarter. Vest Financial LLC bought a new position in shares of Paychex in the first quarter valued at approximately $220,000. Foster Group Inc. acquired a new stake in shares of Paychex in the first quarter valued at approximately $241,000. Finally, MRA Advisory Group raised its position in Paychex by 11.5% in the 1st quarter. MRA Advisory Group now owns 2,041 shares of the business services provider’s stock worth $315,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 83.47% of the company’s stock.

Insider Buying and Selling at Paychex

In other news, CEO John B. Gibson sold 12,370 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $141.92, for a total value of $1,755,550.40. Following the completion of the transaction, the chief executive officer owned 81,755 shares of the company’s stock, valued at $11,602,669.60. The trade was a 13.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Martin Mucci sold 97,526 shares of the business’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $145.17, for a total transaction of $14,157,849.42. Following the completion of the transaction, the chairman directly owned 446,917 shares of the company’s stock, valued at $64,878,940.89. This trade represents a 17.91% decrease in their position. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

PAYX has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Paychex from $148.00 to $153.00 and gave the stock an “underweight” rating in a research report on Thursday, August 14th. Royal Bank Of Canada set a $165.00 price objective on shares of Paychex and gave the stock a “sector perform” rating in a research report on Tuesday, June 24th. Jefferies Financial Group set a $130.00 price objective on shares of Paychex in a research report on Tuesday. Argus dropped their price objective on shares of Paychex from $170.00 to $150.00 in a research report on Thursday. Finally, Morgan Stanley dropped their price objective on shares of Paychex from $148.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday. Twelve equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Paychex currently has a consensus rating of “Reduce” and an average target price of $142.77.

Paychex Price Performance

PAYX opened at $124.61 on Friday. The company has a fifty day moving average price of $135.66 and a two-hundred day moving average price of $144.39. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.28 and a current ratio of 1.27. Paychex, Inc. has a 52 week low of $119.02 and a 52 week high of $161.24. The firm has a market capitalization of $44.85 billion, a PE ratio of 28.00, a P/E/G ratio of 2.82 and a beta of 0.92.

Paychex (NASDAQ:PAYX) last released its earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The business’s quarterly 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. As a group, analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, July 21st were issued a $1.08 dividend. The ex-dividend date of this dividend was Monday, July 21st. This represents a $4.32 annualized dividend and a dividend yield of 3.5%. Paychex’s payout ratio is 97.08%.

Paychex Company 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.