Valmark Advisers Inc. Sells 161 Shares of Paychex, Inc. $PAYX

Valmark Advisers Inc. cut its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,074 shares of the business services provider’s stock after selling 161 shares during the quarter. Valmark Advisers Inc.’s holdings in Paychex were worth $1,465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in 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 acquiring an additional 1,190 shares in the last quarter. Bison Wealth LLC boosted its holdings in Paychex by 3.0% in the fourth 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 in the last quarter. Farther Finance Advisors LLC boosted its holdings in Paychex by 18.3% in the first quarter. Farther Finance Advisors LLC now owns 12,030 shares of the business services provider’s stock worth $1,860,000 after acquiring an additional 1,858 shares in the last quarter. Pallas Capital Advisors LLC boosted its holdings in Paychex by 4.1% in the first quarter. Pallas Capital Advisors LLC now owns 3,541 shares of the business services provider’s stock worth $546,000 after acquiring an additional 138 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Paychex by 2.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 18,702 shares of the business services provider’s stock worth $2,885,000 after acquiring an additional 366 shares in the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Paychex Stock Down 0.3%

Paychex stock opened at $126.59 on Thursday. The stock has a market cap of $45.56 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 2.90 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24. The stock has a fifty day moving average of $134.43 and a 200 day moving average of $143.99.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data 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. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Paychex had a return on equity of 45.17% and a net margin of 27.85%.Paychex’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 earnings per share. 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 EPS for the current year.

Analysts Set New Price Targets

PAYX has been the topic of several analyst reports. Citigroup dropped their target price on Paychex from $158.00 to $148.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Weiss Ratings raised Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Royal Bank Of Canada set a $165.00 target price on Paychex and gave the stock a “sector perform” rating in a report on Tuesday, June 24th. UBS Group decreased their price target on Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Finally, Stifel Nicolaus decreased their price target on Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Paychex presently has an average rating of “Reduce” and a consensus target price of $141.29.

Insider Buying and Selling

In related news, CEO John B. Gibson sold 12,370 shares of the company’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $141.92, for a total transaction of $1,755,550.40. Following the completion of the sale, the chief executive officer owned 81,755 shares in the company, valued at approximately $11,602,669.60. This represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.