Paychex, Inc. $PAYX Holdings Lifted by Shell Asset Management Co.

Shell Asset Management Co. boosted its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 70.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,402 shares of the business services provider’s stock after buying an additional 5,144 shares during the quarter. Shell Asset Management Co.’s holdings in Paychex were worth $1,804,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Summit Wealth Partners LLC grew its holdings in Paychex by 2.4% in the 1st quarter. Summit Wealth Partners LLC now owns 3,027 shares of the business services provider’s stock valued at $467,000 after buying an additional 70 shares during the last quarter. LGT Group Foundation lifted its position in shares of Paychex by 2.8% in the 1st quarter. LGT Group Foundation now owns 2,528 shares of the business services provider’s stock worth $390,000 after acquiring an additional 70 shares during the period. Golden State Equity Partners lifted its position in shares of Paychex by 0.9% in the 1st quarter. Golden State Equity Partners now owns 7,623 shares of the business services provider’s stock worth $1,176,000 after acquiring an additional 71 shares during the period. Palumbo Wealth Management LLC lifted its position in shares of Paychex by 2.4% in the 1st quarter. Palumbo Wealth Management LLC now owns 3,192 shares of the business services provider’s stock worth $492,000 after acquiring an additional 74 shares during the period. Finally, King Wealth Management Group lifted its position in shares of Paychex by 4.7% in the 1st quarter. King Wealth Management Group now owns 1,669 shares of the business services provider’s stock worth $257,000 after acquiring an additional 75 shares during the period. Institutional investors own 83.47% of the company’s stock.

Paychex Stock Down 0.3%

NASDAQ PAYX opened at $126.59 on Thursday. The stock has a fifty day moving average of $134.43 and a 200-day moving average of $143.99. The stock has a market capitalization of $45.56 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 2.90 and a beta of 0.92. Paychex, Inc. has a 52 week low of $119.02 and a 52 week high of $161.24. 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 (NASDAQ:PAYX) last released its earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, beating the consensus estimate 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%.The business’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, equities research analysts forecast that Paychex, Inc. will post 4.99 EPS for the current year.

Insider Activity at Paychex

In other news, CEO John B. Gibson sold 12,370 shares of Paychex stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $141.92, for a total value of $1,755,550.40. Following the completion of the sale, the chief executive officer directly owned 81,755 shares of the company’s stock, valued at approximately $11,602,669.60. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PAYX shares. Jefferies Financial Group set a $130.00 price objective on Paychex in a research report on Tuesday, September 30th. Morgan Stanley reduced their price objective on Paychex from $148.00 to $132.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 1st. BMO Capital Markets reduced their price objective on Paychex from $143.00 to $140.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. Royal Bank Of Canada set a $165.00 price objective on Paychex and gave the stock a “sector perform” rating in a research report on Tuesday, June 24th. Finally, Argus cut their target price on Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. 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 stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $141.29.

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.