Jackson Wealth Management LLC Has $3.85 Million Holdings in Paychex, Inc. $PAYX

Jackson Wealth Management LLC increased its stake in Paychex, Inc. (NASDAQ:PAYX) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,459 shares of the business services provider’s stock after purchasing an additional 229 shares during the period. Jackson Wealth Management LLC’s holdings in Paychex were worth $3,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MorganRosel Wealth Management LLC acquired a new position in Paychex in the 1st quarter worth $34,000. Quarry LP acquired a new position in Paychex in the 1st quarter worth $34,000. Alpine Bank Wealth Management acquired a new position in Paychex in the 1st quarter worth $34,000. Tsfg LLC boosted its stake in Paychex by 122.3% in the 1st quarter. Tsfg LLC now owns 229 shares of the business services provider’s stock worth $35,000 after purchasing an additional 126 shares during the period. Finally, Nova Wealth Management Inc. acquired a new position in Paychex in the 1st quarter worth $38,000. 83.47% of the stock is owned by institutional investors and hedge funds.

Paychex Stock Up 1.0%

Shares of PAYX stock opened at $124.61 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.28 and a current ratio of 1.27. The firm’s 50-day moving average is $135.66 and its 200-day moving average is $144.39. The stock has a market cap of $44.85 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 2.82 and a beta of 0.92. Paychex, Inc. has a 52-week low of $119.02 and a 52-week high of $161.24.

Paychex (NASDAQ:PAYX) last issued its earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. The company had revenue of $1.54 billion for 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%. Paychex’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Sell-side analysts predict that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders 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 yield of 3.5%. Paychex’s dividend payout ratio (DPR) is 97.08%.

Analyst Upgrades and Downgrades

PAYX has been the topic of several analyst reports. Argus cut their price target on shares of Paychex from $170.00 to $150.00 in a research report on Thursday. Robert W. Baird cut their price target on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a research report on Wednesday. Citigroup cut their price target on shares of Paychex from $158.00 to $148.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. UBS Group cut their price target on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, TD Cowen cut their price target on shares of Paychex from $140.00 to $126.00 and set a “hold” rating on the stock in a research report on Wednesday. Twelve investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $142.77.

Insider Activity at Paychex

In other Paychex news, CEO John B. Gibson sold 12,370 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The shares were 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 directly owned 81,755 shares in the company, valued at $11,602,669.60. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Martin Mucci sold 97,526 shares of the firm’s stock in a transaction that occurred on Thursday, July 10th. The stock was 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 of the company’s stock, valued at $64,878,940.89. This trade represents a 17.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.

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.