Bank Julius Baer & Co. Ltd Zurich Sells 12,422 Shares of Paychex, Inc. $PAYX

Bank Julius Baer & Co. Ltd Zurich decreased its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 17.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,439 shares of the business services provider’s stock after selling 12,422 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Paychex were worth $9,051,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC grew its position in shares of Paychex by 83.8% during the second quarter. NewSquare Capital LLC now owns 215 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 98 shares in the last quarter. Quarry LP bought a new position in Paychex during the first quarter valued at approximately $34,000. Nova Wealth Management Inc. purchased a new position in Paychex during the 1st quarter valued at approximately $38,000. GPS Wealth Strategies Group LLC increased its stake in Paychex by 40.6% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 263 shares of the business services provider’s stock worth $38,000 after acquiring an additional 76 shares during the last quarter. Finally, Whipplewood Advisors LLC raised its holdings in shares of Paychex by 94.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 293 shares of the business services provider’s stock worth $43,000 after acquiring an additional 142 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors.

Paychex Trading Up 2.8%

Shares of NASDAQ PAYX opened at $111.46 on Friday. Paychex, Inc. has a fifty-two week low of $108.00 and a fifty-two week high of $161.24. 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 $40.11 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.68 and a beta of 0.93. The business’s 50 day moving average price is $122.06 and its 200-day moving average price is $137.82.

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 the consensus estimate of $1.20 by $0.02. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The company 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 company posted $1.16 EPS. Paychex’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, sell-side analysts expect that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

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 issued a dividend of $1.08 per share. The ex-dividend date is Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a yield of 3.9%. Paychex’s dividend payout ratio (DPR) is presently 97.08%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PAYX. Morgan Stanley raised their target price on shares of Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Wells Fargo & Company upgraded shares of Paychex to a “strong sell” rating in a report on Wednesday, October 22nd. BMO Capital Markets decreased their target price 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. TD Cowen dropped their price target on Paychex from $140.00 to $126.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Finally, Stephens upgraded Paychex to a “hold” rating in a research report on Tuesday, October 7th. Thirteen analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $139.87.

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.