King Luther Capital Management Corp Sells 1,183 Shares of Paychex, Inc. $PAYX

King Luther Capital Management Corp decreased its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,635 shares of the business services provider’s stock after selling 1,183 shares during the quarter. King Luther Capital Management Corp’s holdings in Paychex were worth $1,402,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. NewSquare Capital LLC lifted its stake in shares of Paychex by 83.8% in the 2nd 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 during the period. Quarry LP bought a new position in Paychex during the first quarter worth about $34,000. Nova Wealth Management Inc. acquired a new position in shares of Paychex during the 1st quarter worth about $38,000. GPS Wealth Strategies Group LLC increased its stake in shares of Paychex by 40.6% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 263 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 76 shares during the last quarter. Finally, Whipplewood Advisors LLC boosted its stake in Paychex by 94.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 293 shares of the business services provider’s stock worth $43,000 after acquiring an additional 142 shares during the last quarter. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Paychex from $142.00 to $137.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. Robert W. Baird reduced their target price on Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company raised Paychex to a “strong sell” rating in a research report on Wednesday, October 22nd. TD Cowen decreased their price objective on Paychex from $140.00 to $126.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Finally, Citigroup assumed coverage on shares of Paychex in a report on Thursday, October 23rd. They set a “neutral” rating and a $139.00 target price on the stock. Thirteen 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, Paychex presently has a consensus rating of “Reduce” and an average target price of $139.87.

Paychex Price Performance

Shares of NASDAQ PAYX opened at $111.48 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50-day moving average of $126.49 and a 200-day moving average of $139.98. The stock has a market capitalization of $40.12 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.68 and a beta of 0.93. Paychex, Inc. has a fifty-two week low of $110.16 and a fifty-two week high of $161.24.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS 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 firm 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 firm posted $1.16 earnings per share. 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, sell-side analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

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