Paychex, Inc. $PAYX Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in Paychex, Inc. (NASDAQ:PAYX) by 0.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 714,660 shares of the business services provider’s stock after selling 3,123 shares during the quarter. Rhumbline Advisers’ holdings in Paychex were worth $103,954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Paychex by 26.3% during the fourth 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 raised its stake in Paychex by 3.0% during the 4th 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 in the last quarter. Oak Thistle LLC acquired a new position in Paychex during the 1st quarter worth $292,000. Avantax Advisory Services Inc. grew its stake 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 worth $4,144,000 after purchasing an additional 3,037 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Paychex by 2.4% during 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 period. Institutional investors own 83.47% of the company’s stock.

Paychex Stock Performance

PAYX opened at $111.46 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. The firm has a market cap of $40.11 billion, a PE ratio of 25.05, a P/E/G ratio of 2.68 and a beta of 0.93. The business has a fifty day simple moving average of $122.06 and a 200-day simple moving average of $137.74. Paychex, Inc. has a fifty-two week low of $108.00 and a fifty-two week high of $161.24.

Paychex (NASDAQ:PAYX) last announced its 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 business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $1.16 earnings per share. Paychex’s 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, equities analysts predict that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Announces Dividend

The company also recently announced 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 annualized dividend 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%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PAYX shares. Citigroup started coverage on shares of Paychex in a report on Thursday, October 23rd. They issued a “neutral” rating and a $139.00 price objective for the company. Morgan Stanley increased their price objective on shares of Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Paychex in a research note on Wednesday. Jefferies Financial Group set a $130.00 target price on Paychex in a research report on Tuesday, September 30th. Finally, Stephens upgraded Paychex to a “hold” rating in a research report on Tuesday, October 7th. Thirteen equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $139.87.

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.