Integrity Alliance LLC. Acquires Shares of 6,476 Paychex, Inc. $PAYX

Key Points

• Integrity Alliance LLC acquired 6,476 shares of Paychex, Inc., valued at approximately $999,000, during the first quarter of the year.
• CEO John B. Gibson and Chairman Martin Mucci made significant stock sales, reducing their holdings by 13.14% and 17.91% respectively.
• Analysts have mixed forecasts for Paychex with targets ranging from $140 to $155, indicating varying levels of confidence in the company's performance.

Integrity Alliance LLC. purchased a new stake in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,476 shares of the business services provider's stock, valued at approximately $999,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PAYX. Advisory Alpha LLC grew its stake in shares of Paychex by 55.3% in the 1st quarter. Advisory Alpha LLC now owns 3,023 shares of the business services provider's stock worth $466,000 after acquiring an additional 1,076 shares in the last quarter. SCS Capital Management LLC bought a new stake in shares of Paychex in the 1st quarter worth $481,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Paychex by 6.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,326,529 shares of the business services provider's stock worth $513,217,000 after acquiring an additional 195,748 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Paychex in the 1st quarter worth $3,333,000. Finally, Faithward Advisors LLC grew its stake in shares of Paychex by 2.4% in the 1st quarter. Faithward Advisors LLC now owns 3,942 shares of the business services provider's stock worth $608,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 83.47% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PAYX. Stifel Nicolaus reduced their price target on shares of Paychex from $156.00 to $152.00 and set a "hold" rating for the company in a research report on Thursday, June 26th. Jefferies Financial Group set a $140.00 price target on shares of Paychex and gave the company a "hold" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. increased their price target on shares of Paychex from $148.00 to $153.00 and gave the company an "underweight" rating in a research report on Thursday, August 14th. Barclays set a $155.00 price target on shares of Paychex and gave the company an "equal weight" rating in a research report on Tuesday, June 24th. Finally, UBS Group dropped their price objective on shares of Paychex from $155.00 to $145.00 and set a "neutral" rating on the stock in a report on Thursday, June 26th. Ten equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $149.70.

Paychex Price Performance

Shares of Paychex stock traded down $3.14 on Monday, reaching $131.97. The stock had a trading volume of 2,194,963 shares, compared to its average volume of 2,131,776. Paychex, Inc. has a 1 year low of $131.77 and a 1 year high of $161.24. The company has a market cap of $47.46 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 3.09 and a beta of 0.91. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.10. The business's 50 day moving average is $140.44 and its two-hundred day moving average is $146.52.

Paychex (NASDAQ:PAYX - Get Free Report) last announced its quarterly earnings results on Wednesday, June 25th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.19. Paychex had a net margin of 29.75% and a return on equity of 45.01%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm posted $1.12 earnings per share. Paychex has set its FY 2026 guidance at EPS. As a group, research analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, July 21st were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, July 21st. Paychex's dividend payout ratio is presently 94.53%.

Insider Transactions at Paychex

In other news, CEO John B. Gibson sold 12,370 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $141.92, for a total value of $1,755,550.40. Following the sale, the chief executive officer directly owned 81,755 shares of the company's stock, valued at approximately $11,602,669.60. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Martin Mucci sold 97,526 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $145.17, for a total transaction of $14,157,849.42. Following the completion of the sale, the chairman directly owned 446,917 shares in the company, valued at approximately $64,878,940.89. The trade was a 17.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company's stock.

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.