Paychex, Inc. $PAYX Stake Boosted by Tectonic Advisors LLC

Tectonic Advisors LLC grew its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 10.2% in the 2nd quarter, Holdings Channel reports. The firm owned 57,517 shares of the business services provider’s stock after acquiring an additional 5,312 shares during the quarter. Tectonic Advisors LLC’s holdings in Paychex were worth $8,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PAYX. Summit Wealth Partners LLC boosted its stake in Paychex by 2.4% during the 1st quarter. Summit Wealth Partners LLC now owns 3,027 shares of the business services provider’s stock valued at $467,000 after purchasing an additional 70 shares in the last quarter. LGT Group Foundation boosted its stake in Paychex by 2.8% during the 1st quarter. LGT Group Foundation now owns 2,528 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 70 shares in the last quarter. Golden State Equity Partners boosted its stake in Paychex by 0.9% during the 1st quarter. Golden State Equity Partners now owns 7,623 shares of the business services provider’s stock valued at $1,176,000 after purchasing an additional 71 shares in the last quarter. Palumbo Wealth Management LLC boosted its stake in Paychex by 2.4% during the 1st quarter. Palumbo Wealth Management LLC now owns 3,192 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 74 shares in the last quarter. Finally, King Wealth Management Group boosted its stake in Paychex by 4.7% during the 1st quarter. King Wealth Management Group now owns 1,669 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 75 shares in the last quarter. 83.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PAYX. UBS Group decreased their price target on Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Royal Bank Of Canada set a $165.00 price target on Paychex and gave the company a “sector perform” rating in a research note on Tuesday, June 24th. Citigroup cut their price objective on Paychex from $158.00 to $148.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Argus cut their price objective on Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. Finally, Stifel Nicolaus cut their price objective on Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Paychex presently has a consensus rating of “Reduce” and a consensus price target of $141.29.

Paychex Stock Performance

Shares of Paychex stock opened at $126.59 on Thursday. The stock has a market cap of $45.56 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 2.90 and a beta of 0.92. The business has a fifty day simple moving average of $134.43 and a 200-day simple moving average of $143.99. 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 $119.02 and a 12 month high of $161.24.

Paychex (NASDAQ:PAYX) last issued its earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.20 by $0.02. The business 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%.Paychex’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, sell-side analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Insider Activity at Paychex

In other news, CEO John B. Gibson sold 12,370 shares of the firm’s 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 owned 81,755 shares of the company’s stock, 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 filing with the SEC, which is available at this link. 0.80% of the stock is currently owned by company insiders.

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.