6,540 Shares in Paychex, Inc. $PAYX Purchased by North Dallas Bank & Trust Co.

North Dallas Bank & Trust Co. bought a new stake in shares of Paychex, Inc. (NASDAQ:PAYX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,540 shares of the business services provider’s stock, valued at approximately $951,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PAYX. Brighton Jones LLC boosted its holdings in Paychex by 26.3% in the 4th quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock valued at $801,000 after purchasing an additional 1,190 shares during the period. Bison Wealth LLC boosted its stake in Paychex by 3.0% during the fourth quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock valued at $566,000 after buying an additional 117 shares during the period. Public Sector Pension Investment Board grew its position in Paychex by 8.9% during the first quarter. Public Sector Pension Investment Board now owns 43,195 shares of the business services provider’s stock worth $6,664,000 after buying an additional 3,535 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in Paychex by 0.5% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 45,400 shares of the business services provider’s stock worth $7,004,000 after acquiring an additional 239 shares during the last quarter. Finally, Horizon Investments LLC raised its holdings in shares of Paychex by 3.7% in the 1st quarter. Horizon Investments LLC now owns 6,337 shares of the business services provider’s stock valued at $971,000 after acquiring an additional 227 shares in the last quarter. 83.47% of the stock is owned by hedge funds and other institutional investors.

Paychex Stock Performance

Paychex stock opened at $115.45 on Friday. The firm has a fifty day simple moving average of $117.18 and a two-hundred day simple moving average of $133.31. 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 twelve month low of $108.00 and a twelve month high of $161.24. The company has a market capitalization of $41.55 billion, a PE ratio of 25.94 and a beta of 0.91.

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

Paychex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, November 7th. Paychex’s dividend payout ratio is 97.08%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Cowen restated a “hold” rating on shares of Paychex in a research report on Monday, December 1st. Robert W. Baird decreased their price target on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company lowered their price objective on shares of Paychex from $128.00 to $116.00 and set an “underweight” rating on the stock in a research report on Tuesday. Jefferies Financial Group cut their target price on shares of Paychex from $130.00 to $118.00 and set a “hold” rating for the company in a research report on Sunday, December 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Paychex in a research report on Monday, December 8th. Fourteen analysts have rated the stock with a Hold rating and three have assigned 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 price target of $131.87.

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.