Mufg Securities Americas Inc. Has $1.03 Million Holdings in Paychex, Inc. $PAYX

Mufg Securities Americas Inc. raised its position in Paychex, Inc. (NASDAQ:PAYX) by 25.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,104 shares of the business services provider’s stock after purchasing an additional 1,432 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Paychex were worth $1,033,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in Paychex by 26.3% in the 4th quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock valued at $801,000 after buying an additional 1,190 shares during the last quarter. Bison Wealth LLC boosted its position in Paychex by 3.0% during the 4th quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock worth $566,000 after acquiring an additional 117 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Paychex during the 1st quarter worth approximately $292,000. Avantax Advisory Services Inc. raised its holdings in shares of Paychex by 12.7% in the first quarter. Avantax Advisory Services Inc. now owns 26,857 shares of the business services provider’s stock valued at $4,144,000 after purchasing an additional 3,037 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Paychex by 2.4% in the first quarter. Cetera Investment Advisers now owns 144,156 shares of the business services provider’s stock valued at $22,240,000 after purchasing an additional 3,327 shares during the last quarter. 83.47% of the stock is currently owned by institutional investors.

Paychex Stock Up 2.8%

PAYX stock opened at $111.46 on Friday. Paychex, Inc. has a 1-year low of $108.00 and a 1-year high of $161.24. The business’s 50 day simple moving average is $122.06 and its 200 day simple moving average is $137.74. 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 firm has a market capitalization of $40.11 billion, a PE ratio of 25.05, a PEG ratio of 2.68 and a beta of 0.93.

Paychex (NASDAQ:PAYX) last released its quarterly earnings data 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. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. As a group, research analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on PAYX shares. Citigroup started coverage on shares of Paychex in a research report on Thursday, October 23rd. They set a “neutral” rating and a $139.00 price target on the stock. Argus dropped their price objective on Paychex from $170.00 to $150.00 in a research note on Thursday, October 2nd. Morgan Stanley increased their price objective on Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Wolfe Research lowered their target price on shares of Paychex from $145.00 to $140.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Finally, Stephens raised shares of Paychex to a “hold” rating in a research report on Tuesday, October 7th. Thirteen research analysts have rated the stock with a Hold rating and three have given 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 $139.87.

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.