Paychex, Inc. $PAYX is Fieldview Capital Management LLC’s 4th Largest Position

Fieldview Capital Management LLC lifted its position in Paychex, Inc. (NASDAQ:PAYX) by 1,231.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 53,194 shares of the business services provider’s stock after purchasing an additional 49,198 shares during the period. Paychex comprises approximately 1.1% of Fieldview Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Fieldview Capital Management LLC’s holdings in Paychex were worth $6,743,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Navalign LLC increased its position in shares of Paychex by 7.0% in the third quarter. Navalign LLC now owns 2,450 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 161 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Paychex by 10.1% during the third quarter. Russell Investments Group Ltd. now owns 312,141 shares of the business services provider’s stock worth $39,629,000 after purchasing an additional 28,674 shares during the period. PFG Advisors grew its stake in shares of Paychex by 6.1% in the third quarter. PFG Advisors now owns 41,712 shares of the business services provider’s stock worth $5,287,000 after purchasing an additional 2,414 shares during the last quarter. Rathbones Group PLC grew its stake in shares of Paychex by 13.7% in the third quarter. Rathbones Group PLC now owns 182,224 shares of the business services provider’s stock worth $23,099,000 after purchasing an additional 21,945 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Paychex during the 3rd quarter valued at about $1,573,000. 83.47% of the stock is owned by hedge funds and other institutional investors.

Paychex Stock Performance

Paychex stock opened at $100.85 on Monday. Paychex, Inc. has a fifty-two week low of $86.89 and a fifty-two week high of $161.24. The stock’s 50 day simple moving average is $102.25 and its two-hundred day simple moving average is $115.32. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $36.20 billion, a price-to-earnings ratio of 22.87 and a beta of 0.91.

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

Paychex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, January 28th were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a $4.32 annualized dividend and a yield of 4.3%. Paychex’s dividend payout ratio (DPR) is currently 97.96%.

Paychex announced that its board has authorized a share buyback program on Friday, January 16th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms have commented on PAYX. Cantor Fitzgerald raised Paychex to a “strong sell” rating in a research report on Tuesday, January 27th. Stifel Nicolaus cut their price objective on Paychex from $137.00 to $126.00 and set a “hold” rating on the stock in a research report on Wednesday, December 17th. Stephens decreased their target price on Paychex from $135.00 to $125.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. Wells Fargo & Company dropped their price target on Paychex from $128.00 to $116.00 and set an “underweight” rating for the company in a research note on Tuesday, December 9th. Finally, Wolfe Research cut their price target 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 research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $123.94.

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.