KRS Capital Management LLC Purchases 199 Shares of Paychex, Inc. $PAYX

KRS Capital Management LLC boosted its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 5.0% during the second quarter, Holdings Channel.com reports. The fund owned 4,218 shares of the business services provider’s stock after acquiring an additional 199 shares during the quarter. KRS Capital Management LLC’s holdings in Paychex were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new stake in Paychex during the 1st quarter worth approximately $34,000. MorganRosel Wealth Management LLC purchased a new stake in Paychex during the 1st quarter valued at approximately $34,000. Quarry LP purchased a new stake in Paychex during the 1st quarter valued at approximately $34,000. Tsfg LLC grew its holdings in Paychex by 122.3% during the 1st quarter. Tsfg LLC now owns 229 shares of the business services provider’s stock valued at $35,000 after buying an additional 126 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new stake in Paychex during the 1st quarter valued at approximately $38,000. Institutional investors own 83.47% of the company’s stock.

Paychex Trading Down 1.1%

PAYX stock opened at $125.21 on Friday. The firm has a fifty day moving average price of $134.05 and a 200 day moving average price of $143.86. Paychex, Inc. has a fifty-two week low of $119.02 and a fifty-two week high of $161.24. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $45.06 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 2.89 and a beta of 0.92.

Paychex (NASDAQ:PAYX) last posted its earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share for the quarter, beating 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 period last year, the firm posted $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. Sell-side analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.5%. Paychex’s dividend payout ratio (DPR) is 97.08%.

Analyst Ratings Changes

A number of brokerages have issued reports on PAYX. Wolfe Research cut their price objective on shares of Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Argus cut their price objective on shares of Paychex from $170.00 to $150.00 in a report on Thursday, October 2nd. Weiss Ratings raised shares of Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Robert W. Baird cut their price objective on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Finally, Barclays set a $155.00 price objective on shares of Paychex and gave the company an “equal weight” rating in a report on Tuesday, June 24th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $141.29.

Insider Buying and Selling at Paychex

In related news, CEO John B. Gibson sold 12,370 shares of the firm’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 directly owned 81,755 shares of the company’s stock, valued at approximately $11,602,669.60. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

About Paychex

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.