Advyzon Investment Management LLC Invests $203,000 in Paychex, Inc. $PAYX

Advyzon Investment Management LLC bought a new stake in Paychex, Inc. (NASDAQ:PAYX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,398 shares of the business services provider’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Paychex by 26.3% during the 4th quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock worth $801,000 after purchasing an additional 1,190 shares during the last quarter. Bison Wealth LLC lifted its stake in Paychex by 3.0% in the fourth quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock worth $566,000 after acquiring an additional 117 shares during the last quarter. MQS Management LLC purchased a new stake in Paychex during the 1st quarter worth about $222,000. Signaturefd LLC boosted its holdings in shares of Paychex by 4.5% in the 1st quarter. Signaturefd LLC now owns 9,331 shares of the business services provider’s stock valued at $1,440,000 after buying an additional 401 shares in the last quarter. Finally, Sigma Planning Corp boosted its position in shares of Paychex by 0.6% in the 1st quarter. Sigma Planning Corp now owns 13,681 shares of the business services provider’s stock valued at $2,111,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings lowered shares of Paychex from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, November 7th. Robert W. Baird dropped their target price on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. JPMorgan Chase & Co. decreased their price target on Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Wolfe Research dropped their price objective on Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Finally, Stephens upgraded Paychex to a “hold” rating in a research report on Tuesday, October 7th. Thirteen investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Paychex has a consensus rating of “Reduce” and a consensus price target of $139.87.

Paychex Stock Down 0.5%

PAYX opened at $111.08 on Thursday. 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 company has a market cap of $39.98 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.68 and a beta of 0.93. The firm has a 50 day moving average price of $125.51 and a 200 day moving average price of $139.55. Paychex, Inc. has a 1 year low of $110.16 and a 1 year high of $161.24.

Paychex (NASDAQ:PAYX) last released its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The firm 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 quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Sell-side analysts expect that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

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

Paychex Company 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.