Mitsubishi UFJ Trust & Banking Corp Reduces Stake in Paychex, Inc. $PAYX

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 195,450 shares of the business services provider’s stock after selling 13,277 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Paychex worth $28,430,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PAYX. Brighton Jones LLC boosted its holdings 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 worth $801,000 after buying an additional 1,190 shares during the last quarter. Bison Wealth LLC raised its holdings in Paychex by 3.0% in the 4th quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock worth $566,000 after purchasing an additional 117 shares during the period. SBI Securities Co. Ltd. raised its stake in shares of Paychex by 17.8% in the first quarter. SBI Securities Co. Ltd. now owns 615 shares of the business services provider’s stock worth $95,000 after buying an additional 93 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in Paychex by 20.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 5,522 shares of the business services provider’s stock valued at $852,000 after purchasing an additional 934 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in Paychex by 22.0% during the first quarter. Wealthfront Advisers LLC now owns 22,708 shares of the business services provider’s stock valued at $3,503,000 after purchasing an additional 4,093 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PAYX has been the subject of a number of analyst reports. Wells Fargo & Company raised shares of Paychex to a “strong sell” rating in a research note on Wednesday, October 22nd. Citigroup began coverage on Paychex in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $139.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. Morgan Stanley upped their price objective on Paychex from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research note on Monday, October 20th. Finally, Weiss Ratings downgraded Paychex from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, November 7th. Thirteen equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $139.87.

Paychex Trading Up 0.6%

Shares of PAYX stock opened at $111.80 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $40.24 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.68 and a beta of 0.93. Paychex, Inc. has a 12-month low of $109.99 and a 12-month high of $161.24. The stock’s 50-day moving average price is $125.00 and its 200-day moving average price is $139.36.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.54 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Equities research analysts predict that Paychex, Inc. will post 4.99 EPS 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 3.9%. Paychex’s dividend payout ratio (DPR) 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.