Global Retirement Partners LLC Invests $2.01 Million in Paychex, Inc. $PAYX

Global Retirement Partners LLC acquired a new stake in Paychex, Inc. (NASDAQ:PAYX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,837 shares of the business services provider’s stock, valued at approximately $2,013,000.

Other hedge funds have also added to or reduced their stakes in the company. Select Equity Group L.P. increased its position in Paychex by 99.0% in the 1st quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider’s stock valued at $539,102,000 after acquiring an additional 1,738,372 shares during the period. Nuveen LLC bought a new stake in shares of Paychex in the first quarter worth $134,192,000. Charles Schwab Investment Management Inc. grew its stake in shares of Paychex by 7.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,782,173 shares of the business services provider’s stock worth $1,663,474,000 after purchasing an additional 737,542 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in Paychex by 117.6% in the first quarter. Neuberger Berman Group LLC now owns 1,217,092 shares of the business services provider’s stock valued at $187,512,000 after purchasing an additional 657,871 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Paychex by 25.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,844,949 shares of the business services provider’s stock worth $438,919,000 after purchasing an additional 581,410 shares during the last quarter. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on PAYX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Paychex in a research report on Wednesday, November 19th. UBS Group reduced their target price on Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Morgan Stanley increased their target price on shares of Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a research report on Monday, October 20th. BMO Capital Markets dropped their price target on shares of Paychex from $143.00 to $140.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Thirteen investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Paychex has a consensus rating of “Reduce” and an average price target of $139.87.

Paychex Price Performance

Shares of PAYX opened at $112.11 on Wednesday. The firm has a market cap of $40.35 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.68 and a beta of 0.93. Paychex, Inc. has a 52-week low of $108.00 and a 52-week high of $161.24. The business’s 50 day moving average price is $121.23 and its two-hundred day moving average price is $137.09. 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 announced its quarterly earnings data 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. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted $1.16 EPS. The company’s quarterly revenue was up 16.8% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, equities analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, November 7th. Paychex’s payout ratio is 97.08%.

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.