Robeco Institutional Asset Management B.V. Sells 42,213 Shares of Paychex, Inc. $PAYX

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 55.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,710 shares of the business services provider’s stock after selling 42,213 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Paychex were worth $4,273,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. D.A. Davidson & CO. raised its holdings in shares of Paychex by 4.3% during the third quarter. D.A. Davidson & CO. now owns 30,441 shares of the business services provider’s stock valued at $3,859,000 after acquiring an additional 1,247 shares in the last quarter. Daymark Wealth Partners LLC increased its position in Paychex by 4.6% during the 3rd quarter. Daymark Wealth Partners LLC now owns 9,308 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 408 shares during the period. Asset Management One Co. Ltd. raised its holdings in Paychex by 1.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 148,002 shares of the business services provider’s stock worth $18,761,000 after purchasing an additional 2,734 shares in the last quarter. Penobscot Investment Management Company Inc. lifted its position in shares of Paychex by 19.5% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 3,675 shares of the business services provider’s stock worth $466,000 after purchasing an additional 600 shares during the period. Finally, Western Financial Corp CA boosted its stake in shares of Paychex by 8.0% during the 3rd quarter. Western Financial Corp CA now owns 7,729 shares of the business services provider’s stock valued at $980,000 after purchasing an additional 573 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on PAYX. TD Cowen lowered their price objective on shares of Paychex from $126.00 to $114.00 and set a “hold” rating for the company in a report on Monday, December 1st. Stifel Nicolaus lowered their target price on Paychex from $137.00 to $126.00 and set a “hold” rating for the company in a research note on Wednesday, December 17th. Wells Fargo & Company dropped their price target on Paychex from $128.00 to $116.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 9th. UBS Group decreased their price objective on Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. Finally, Wolfe Research dropped their target price on shares of Paychex from $130.00 to $115.00 and set an “underperform” rating on the stock in a report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $125.67.

Paychex Price Performance

PAYX opened at $113.77 on Friday. The firm has a market cap of $40.84 billion, a PE ratio of 25.80 and a beta of 0.91. The stock has a 50-day moving average price of $112.60 and a 200-day moving average price of $127.49. Paychex, Inc. has a 1 year low of $107.80 and a 1 year high of $161.24. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.27 and a quick ratio of 1.27.

Paychex (NASDAQ:PAYX) last released its quarterly earnings data on Friday, December 19th. The business services provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.03. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. Paychex had a net margin of 26.45% and a return on equity of 46.38%. Paychex’s revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business earned $1.14 EPS. Paychex has set its FY 2026 guidance at 5.480-5.530 EPS. Sell-side analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

About Paychex

Paychex, Inc, founded in 1971 by B. Thomas “Tom” Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company’s core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers’ compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.