Paychex, Inc. $PAYX Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in Paychex, Inc. (NASDAQ:PAYX) by 11.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,592 shares of the business services provider’s stock after purchasing an additional 6,822 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Paychex were worth $9,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Summit Wealth Partners LLC lifted 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 worth $467,000 after acquiring an additional 70 shares in the last quarter. LGT Group Foundation increased its holdings in Paychex by 2.8% during the 1st quarter. LGT Group Foundation now owns 2,528 shares of the business services provider’s stock worth $390,000 after purchasing an additional 70 shares during the period. Golden State Equity Partners increased its holdings 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 worth $1,176,000 after purchasing an additional 71 shares during the period. Palumbo Wealth Management LLC increased its holdings 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 worth $492,000 after purchasing an additional 74 shares during the period. Finally, King Wealth Management Group increased its holdings 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 worth $257,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stephens upgraded Paychex to a “hold” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. cut their price target on Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Wolfe Research cut their price target on Paychex from $145.00 to $140.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Argus cut their price target on Paychex from $170.00 to $150.00 in a report on Thursday, October 2nd. Finally, Robert W. Baird cut their price target on Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $141.29.

Paychex Trading Up 0.3%

PAYX opened at $125.55 on Monday. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24. The company has a market cap of $45.18 billion, a P/E ratio of 28.21, a PEG ratio of 2.87 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 50-day simple moving average is $133.78 and its 200-day simple moving average is $143.63.

Paychex (NASDAQ:PAYX) last released 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. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business posted $1.16 EPS. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. As a group, equities research analysts expect that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

The company also recently declared 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. This represents a $4.32 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, November 7th. Paychex’s dividend payout ratio (DPR) is currently 97.08%.

Insider Transactions at Paychex

In related news, CEO John B. Gibson sold 12,370 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 81,755 shares in the company, valued at $11,602,669.60. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.

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.