Paychex (NASDAQ:PAYX) Price Target Lowered to $115.00 at Wolfe Research

Paychex (NASDAQ:PAYX) had its price target trimmed by Wolfe Research from $130.00 to $115.00 in a research report sent to investors on Wednesday,MarketScreener reports. The brokerage currently has an underperform rating on the business services provider’s stock.

Several other brokerages have also weighed in on PAYX. Royal Bank Of Canada cut their target price on Paychex from $150.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Friday, December 5th. UBS Group cut their price target on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. Morgan Stanley raised their price objective on shares of Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. TD Cowen lowered their price objective on shares of Paychex from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Monday, December 1st. Finally, Citigroup initiated coverage on shares of Paychex in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $139.00 price objective for the company. Fourteen equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $131.87.

Paychex Price Performance

PAYX stock opened at $112.88 on Wednesday. The business’s fifty day moving average price is $117.54 and its 200 day moving average price is $133.90. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. Paychex has a 12-month low of $108.00 and a 12-month high of $161.24. The company has a market capitalization of $40.62 billion, a PE ratio of 25.37 and a beta of 0.91.

Paychex (NASDAQ:PAYX) last announced its earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share 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 net margin of 27.85% and a return on equity of 45.17%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, sell-side analysts anticipate that Paychex will post 4.99 EPS for the current year.

Paychex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 7th were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, November 7th. Paychex’s payout ratio is 97.08%.

Institutional Trading of Paychex

Large investors have recently modified their holdings of the company. Heartwood Wealth Advisors LLC acquired a new stake in Paychex in the third quarter worth about $25,000. Vermillion & White Wealth Management Group LLC purchased a new position in Paychex during the 3rd quarter worth approximately $27,000. NewSquare Capital LLC boosted its holdings 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 worth $31,000 after purchasing an additional 98 shares during the period. Stance Capital LLC acquired a new stake in Paychex during the third quarter valued at $31,000. Finally, MMA Asset Management LLC bought a new position in Paychex during the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 83.47% of the company’s stock.

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.