Tompkins Financial Corp Has $1.76 Million Holdings in Paychex, Inc. $PAYX

Tompkins Financial Corp boosted its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,114 shares of the business services provider’s stock after purchasing an additional 107 shares during the period. Tompkins Financial Corp’s holdings in Paychex were worth $1,762,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Swedbank AB increased its holdings in Paychex by 24.8% during the 2nd quarter. Swedbank AB now owns 199,106 shares of the business services provider’s stock worth $28,962,000 after purchasing an additional 39,516 shares in the last quarter. Secure Asset Management LLC increased its holdings in Paychex by 3.0% during the 2nd quarter. Secure Asset Management LLC now owns 3,912 shares of the business services provider’s stock worth $569,000 after purchasing an additional 114 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Paychex by 2.5% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 39,014 shares of the business services provider’s stock worth $5,675,000 after buying an additional 965 shares during the last quarter. Sunflower Bank N.A. boosted its stake in shares of Paychex by 3.4% during the 2nd quarter. Sunflower Bank N.A. now owns 2,305 shares of the business services provider’s stock worth $335,000 after buying an additional 75 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of Paychex by 0.4% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 33,498 shares of the business services provider’s stock worth $4,873,000 after buying an additional 122 shares during the last quarter. Institutional investors own 83.47% of the company’s stock.

Insider Activity at Paychex

In related news, Chairman Martin Mucci sold 97,526 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $145.17, for a total transaction of $14,157,849.42. Following the sale, the chairman owned 446,917 shares in the company, valued at approximately $64,878,940.89. This trade represents a 17.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John B. Gibson sold 12,370 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 81,755 shares in the company, valued at $11,602,669.60. This represents a 13.14% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

Paychex Stock Performance

Shares of NASDAQ:PAYX opened at $132.46 on Thursday. The company’s 50 day moving average price is $139.63 and its two-hundred day moving average price is $146.18. Paychex, Inc. has a 12-month low of $130.24 and a 12-month high of $161.24. The firm has a market cap of $47.63 billion, a PE ratio of 28.98, a PEG ratio of 3.01 and a beta of 0.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.10.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings results on Wednesday, June 25th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. Paychex had a net margin of 29.75% and a return on equity of 45.01%. During the same quarter last year, the business posted $1.12 EPS. Paychex has set its FY 2026 guidance at EPS. Equities research analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, July 21st were given a dividend of $1.08 per share. The ex-dividend date was Monday, July 21st. This represents a $4.32 annualized dividend and a dividend yield of 3.3%. Paychex’s dividend payout ratio (DPR) is currently 94.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group reduced their price objective on shares of Paychex from $148.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday. BMO Capital Markets assumed coverage on shares of Paychex in a research note on Thursday, July 10th. They set a “market perform” rating and a $160.00 price objective for the company. Barclays set a $155.00 price objective on shares of Paychex and gave the stock an “equal weight” rating in a research note on Tuesday, June 24th. Morgan Stanley reduced their price objective on shares of Paychex from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Friday, June 27th. Finally, Citigroup reduced their price objective on shares of Paychex from $158.00 to $148.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Ten analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $149.20.

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.