3,505 Shares in Paychex, Inc. $PAYX Purchased by Andina Capital Management LLC

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Andina Capital Management LLC purchased a new stake in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,505 shares of the business services provider's stock, valued at approximately $541,000.

Several other large investors also recently bought and sold shares of the business. Texas Capital Bank Wealth Management Services Inc increased its holdings in Paychex by 25.5% in the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 4,758 shares of the business services provider's stock worth $734,000 after buying an additional 966 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Paychex by 19.8% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 460,378 shares of the business services provider's stock worth $71,027,000 after buying an additional 76,208 shares in the last quarter. Quantbot Technologies LP bought a new stake in Paychex in the 1st quarter worth about $254,000. RWA Wealth Partners LLC increased its holdings in Paychex by 12.7% in the 1st quarter. RWA Wealth Partners LLC now owns 5,981 shares of the business services provider's stock worth $923,000 after buying an additional 672 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Paychex by 51.3% in the 1st quarter. Wellington Management Group LLP now owns 54,512 shares of the business services provider's stock worth $8,410,000 after buying an additional 18,485 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors.

Paychex Stock Performance

NASDAQ:PAYX traded up $2.40 on Friday, hitting $140.81. The stock had a trading volume of 2,066,281 shares, compared to its average volume of 2,159,591. The stock has a market cap of $50.73 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 3.17 and a beta of 0.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.10. The business's 50-day simple moving average is $143.73 and its two-hundred day simple moving average is $147.78. Paychex, Inc. has a 52-week low of $127.76 and a 52-week high of $161.24.

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

Paychex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, July 21st will be paid a $1.08 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $4.32 annualized dividend and a dividend yield of 3.1%. Paychex's dividend payout ratio (DPR) is 94.53%.

Insider Activity

In other news, CEO John B. Gibson sold 12,370 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $141.92, for a total value of $1,755,550.40. Following the transaction, the chief executive officer owned 81,755 shares of the company's stock, valued at $11,602,669.60. This trade represents a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Martin Mucci sold 97,526 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $145.17, for a total value of $14,157,849.42. Following the completion of the transaction, the chairman directly owned 446,917 shares in the company, valued at $64,878,940.89. This trade represents a 17.91% decrease in their position. The disclosure for this sale can be found here. 11.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada set a $165.00 price objective on Paychex and gave the stock a "sector perform" rating in a report on Tuesday, June 24th. Jefferies Financial Group set a $140.00 price objective on Paychex and gave the stock a "hold" rating in a report on Thursday, June 26th. Barclays set a $155.00 price objective on Paychex and gave the stock an "equal weight" rating in a report on Tuesday, June 24th. Morgan Stanley dropped their target price on Paychex from $150.00 to $148.00 and set an "equal weight" rating on the stock in a research report on Friday, June 27th. Finally, UBS Group dropped their target price on Paychex from $155.00 to $145.00 and set a "neutral" rating on the stock in a research report on Thursday, June 26th. Ten investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Paychex currently has a consensus rating of "Reduce" and a consensus target price of $149.70.

Paychex 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.