Marks Group Wealth Management Inc Sells 93 Shares of Paychex, Inc. $PAYX

Marks Group Wealth Management Inc lowered its position in Paychex, Inc. (NASDAQ:PAYX) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,645 shares of the business services provider’s stock after selling 93 shares during the period. Marks Group Wealth Management Inc’s holdings in Paychex were worth $1,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake 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 acquiring an additional 1,190 shares in the last quarter. Bison Wealth LLC raised its stake in shares of Paychex by 3.0% during the fourth 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. Vest Financial LLC bought a new stake in shares of Paychex during the first quarter valued at approximately $220,000. Clean Yield Group raised its stake in shares of Paychex by 2.7% during the first quarter. Clean Yield Group now owns 4,160 shares of the business services provider’s stock valued at $642,000 after acquiring an additional 108 shares in the last quarter. Finally, Wedmont Private Capital raised its stake in shares of Paychex by 25.0% during the first quarter. Wedmont Private Capital now owns 3,959 shares of the business services provider’s stock valued at $581,000 after acquiring an additional 793 shares in the last quarter. Institutional investors own 83.47% of the company’s stock.

Analyst Upgrades and Downgrades

PAYX has been the subject of several research analyst reports. Royal Bank Of Canada set a $165.00 price target on shares of Paychex and gave the company a “sector perform” rating in a research note on Tuesday, June 24th. Wolfe Research decreased their price target on shares of Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Robert W. Baird cut their price objective on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Citigroup cut their price objective on shares of Paychex from $158.00 to $148.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Paychex in a report on Saturday, September 27th. Twelve analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $142.77.

Insiders Place Their Bets

In related news, Chairman Martin Mucci sold 97,526 shares of the business’s stock in a transaction 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 completion of the transaction, the chairman directly owned 446,917 shares in the company, valued at $64,878,940.89. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John B. Gibson sold 12,370 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 81,755 shares of the company’s stock, valued at $11,602,669.60. This represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

Paychex Price Performance

Shares of PAYX opened at $124.61 on Monday. The firm has a market capitalization of $44.85 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 2.85 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27. Paychex, Inc. has a 1-year low of $119.02 and a 1-year high of $161.24. The company’s fifty day moving average price is $135.66 and its 200-day moving average price is $144.37.

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

Paychex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, July 21st were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.5%. Paychex’s 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.