Leo Wealth LLC Purchases 297 Shares of Paychex, Inc. $PAYX

Leo Wealth LLC lifted its stake in Paychex, Inc. (NASDAQ:PAYX) by 19.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,848 shares of the business services provider’s stock after buying an additional 297 shares during the period. Leo Wealth LLC’s holdings in Paychex were worth $269,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Paychex by 118.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 136,876 shares of the business services provider’s stock worth $21,117,000 after buying an additional 74,245 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Paychex by 32.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 119,291 shares of the business services provider’s stock worth $18,404,000 after buying an additional 29,320 shares in the last quarter. Martin Capital Partners LLC raised its holdings in shares of Paychex by 166.9% in the 2nd quarter. Martin Capital Partners LLC now owns 6,340 shares of the business services provider’s stock worth $922,000 after buying an additional 3,965 shares in the last quarter. MWA Asset Management raised its holdings in shares of Paychex by 6.5% in the 1st quarter. MWA Asset Management now owns 4,269 shares of the business services provider’s stock worth $659,000 after buying an additional 262 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Paychex in the 1st quarter worth approximately $832,000. 83.47% of the stock is owned by institutional investors and hedge funds.

Paychex Stock Up 0.3%

Shares of PAYX opened at $125.55 on Friday. The firm has a market capitalization of $45.18 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.86 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27. The business’s fifty day moving average price is $133.78 and its two-hundred day moving average price is $143.73. Paychex, Inc. has a 52 week low of $119.02 and a 52 week high of $161.24.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 EPS 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 return on equity of 45.17% and a net margin of 27.85%.The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.4%. Paychex’s payout ratio is 97.08%.

Insider Activity at Paychex

In related 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 transaction 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 $11,602,669.60. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PAYX has been the subject of a number of recent analyst reports. Morgan Stanley dropped their price target on Paychex from $148.00 to $132.00 and set an “equal weight” rating for the company in a report on Wednesday, October 1st. Stifel Nicolaus dropped their price target on Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Royal Bank Of Canada set a $165.00 price target on Paychex and gave the company a “sector perform” rating in a report on Tuesday, June 24th. Robert W. Baird dropped their price target on Paychex from $153.00 to $148.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Finally, Jefferies Financial Group set a $130.00 price target on Paychex in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $141.29.

About Paychex

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.