Paychex, Inc. $PAYX Position Cut by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its holdings in Paychex, Inc. (NASDAQ:PAYX) by 4.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 823,580 shares of the business services provider’s stock after selling 37,125 shares during the quarter. Corient Private Wealth LLC owned 0.23% of Paychex worth $119,798,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Paychex during the second quarter valued at about $302,244,000. Select Equity Group L.P. increased its stake in Paychex by 99.0% during 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 buying an additional 1,738,372 shares during the period. Marshall Wace LLP raised its position in shares of Paychex by 179.5% during the 2nd quarter. Marshall Wace LLP now owns 1,078,328 shares of the business services provider’s stock worth $156,854,000 after buying an additional 692,533 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Paychex by 29.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,542,901 shares of the business services provider’s stock worth $369,901,000 after acquiring an additional 574,337 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Paychex by 1.3% in the second quarter. Vanguard Group Inc. now owns 32,215,957 shares of the business services provider’s stock valued at $4,686,133,000 after acquiring an additional 408,114 shares in the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

Paychex Price Performance

PAYX stock opened at $115.45 on Monday. Paychex, Inc. has a one year low of $108.00 and a one year high of $161.24. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $41.55 billion, a PE ratio of 25.94 and a beta of 0.91. The firm has a 50-day moving average of $117.18 and a two-hundred day moving average of $133.14.

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

Paychex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 7th were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, November 7th. Paychex’s dividend payout ratio (DPR) is 97.08%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group cut their target price on Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. TD Cowen cut their price objective on Paychex from $126.00 to $114.00 and set a “hold” rating for the company in a report on Monday, December 1st. Morgan Stanley raised their target price on Paychex from $132.00 to $133.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Stifel Nicolaus dropped their price target on shares of Paychex from $142.00 to $137.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Finally, Robert W. Baird cut their price target 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. Fourteen equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Paychex presently has a consensus rating of “Reduce” and a consensus price target of $131.87.

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.