Zions Bancorporation National Association UT Has $82,000 Stake in Paychex, Inc. $PAYX

Zions Bancorporation National Association UT lessened its stake in Paychex, Inc. (NASDAQ:PAYX) by 97.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 564 shares of the business services provider’s stock after selling 22,353 shares during the period. Zions Bancorporation National Association UT’s holdings in Paychex were worth $82,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC lifted its position in shares of Paychex by 83.8% in the 2nd quarter. NewSquare Capital LLC now owns 215 shares of the business services provider’s stock worth $31,000 after acquiring an additional 98 shares during the period. Quarry LP bought a new stake in shares of Paychex during the first quarter valued at approximately $34,000. Nova Wealth Management Inc. bought a new stake in shares of Paychex during the first quarter valued at approximately $38,000. GPS Wealth Strategies Group LLC raised its stake in shares of Paychex by 40.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 263 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 76 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its position in Paychex by 94.0% in the second quarter. Whipplewood Advisors LLC now owns 293 shares of the business services provider’s stock worth $43,000 after purchasing an additional 142 shares during the period. 83.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PAYX. Stephens raised shares of Paychex to a “hold” rating in a report on Tuesday, October 7th. TD Cowen dropped their price target on shares of Paychex from $140.00 to $126.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. JPMorgan Chase & Co. cut their price target on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating for the company in a research note on Wednesday, October 1st. Argus decreased their price objective on Paychex from $170.00 to $150.00 in a report on Thursday, October 2nd. Finally, Morgan Stanley increased their target price on Paychex from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Thirteen analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $139.87.

Paychex Stock Performance

Paychex stock opened at $111.64 on Wednesday. The stock has a 50-day simple moving average of $126.00 and a 200 day simple moving average of $139.75. The stock has a market capitalization of $40.18 billion, a price-to-earnings ratio of 25.09, a P/E/G ratio of 2.68 and a beta of 0.93. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. Paychex, Inc. has a 12-month low of $110.16 and a 12-month high of $161.24.

Paychex (NASDAQ:PAYX) last announced its earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Paychex had a net margin of 27.85% and a return on equity of 45.17%. Paychex’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period 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. On average, research analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be paid a dividend of $1.08 per share. 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 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.