6,099 Shares in Paychex, Inc. $PAYX Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. acquired a new position in Paychex, Inc. (NASDAQ:PAYX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,099 shares of the business services provider’s stock, valued at approximately $887,000.

Several other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in Paychex by 1.0% during the second quarter. Brighton Jones LLC now owns 6,954 shares of the business services provider’s stock valued at $1,012,000 after purchasing an additional 71 shares during the period. Sunflower Bank N.A. raised its stake in shares of Paychex by 3.4% in the 2nd quarter. Sunflower Bank N.A. now owns 2,305 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 75 shares during the period. Empirical Finance LLC raised its stake in shares of Paychex by 0.7% in the second quarter. Empirical Finance LLC now owns 11,267 shares of the business services provider’s stock valued at $1,639,000 after acquiring an additional 75 shares in the last quarter. Quantum Portfolio Management LLC grew its stake in shares of Paychex by 3.1% during the second quarter. Quantum Portfolio Management LLC now owns 2,464 shares of the business services provider’s stock worth $358,000 after purchasing an additional 75 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its stake in Paychex by 40.6% during 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 in the last quarter. 83.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PAYX. TD Cowen cut their price objective on Paychex from $126.00 to $114.00 and set a “hold” rating for the company in a research report on Monday, December 1st. Wells Fargo & Company cut their target price on shares of Paychex from $128.00 to $116.00 and set an “underweight” rating on the stock in a report on Tuesday, December 9th. Cowen reaffirmed a “hold” rating on shares of Paychex in a report on Monday, December 1st. UBS Group lowered their price objective on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. Finally, Jefferies Financial Group decreased their target price on Paychex from $130.00 to $118.00 and set a “hold” rating for the company in a research report on Sunday, December 7th. Fourteen equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $131.87.

Paychex Price Performance

Shares of NASDAQ PAYX opened at $115.38 on Tuesday. The business has a fifty day moving average price of $117.00 and a two-hundred day moving average price of $132.84. 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 current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $41.52 billion, a PE ratio of 25.93 and a beta of 0.91.

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

Paychex Dividend Announcement

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

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.