Arista Wealth Management LLC Invests $1.35 Million in Paychex, Inc. $PAYX

Key Points

• Arista Wealth Management LLC has invested approximately $1.35 million in Paychex, acquiring 9,282 shares during the second quarter.
• Paychex reported a profit of $1.22 EPS for the last quarter, beating the consensus estimate of $1.20, alongside a revenue of $1.54 billion.
• The company has announced a quarterly dividend of $1.08, set to be paid on November 26th, representing an annualized yield of 3.4%.

Arista Wealth Management LLC bought a new position in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 9,282 shares of the business services provider's stock, valued at approximately $1,350,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in Paychex during the 1st quarter valued at approximately $34,000. MorganRosel Wealth Management LLC bought a new stake in shares of Paychex during the 1st quarter worth about $34,000. Quarry LP acquired a new stake in shares of Paychex in the 1st quarter worth approximately $34,000. Tsfg LLC lifted its stake in shares of Paychex by 122.3% in the 1st quarter. Tsfg LLC now owns 229 shares of the business services provider's stock worth $35,000 after acquiring an additional 126 shares during the period. Finally, Nova Wealth Management Inc. bought a new position in shares of Paychex in the first quarter valued at approximately $38,000. 83.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on PAYX. Royal Bank Of Canada set a $165.00 price target on Paychex and gave the company a "sector perform" rating in a research note on Tuesday, June 24th. Jefferies Financial Group set a $130.00 price target on shares of Paychex in a research report on Tuesday, September 30th. BMO Capital Markets cut their price target on shares of Paychex from $143.00 to $140.00 and set a "market perform" rating for the company in a report on Wednesday, October 1st. JPMorgan Chase & Co. dropped their target price on shares of Paychex from $153.00 to $140.00 and set an "underweight" rating on the stock in a report on Wednesday, October 1st. Finally, Weiss Ratings raised shares of Paychex from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $141.29.

Paychex Stock Down 0.8%

Shares of NASDAQ:PAYX opened at $126.49 on Friday. The firm has a 50 day simple moving average of $132.81 and a 200 day simple moving average of $143.06. Paychex, Inc. has a 52 week low of $119.02 and a 52 week high of $161.24. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $45.52 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.91 and a beta of 0.92.

Paychex (NASDAQ:PAYX - Get Free Report) last announced its earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.02. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The company's revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. As a group, research analysts expect that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 7th. Paychex's dividend 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.

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