BDF Gestion Sells 2,051 Shares of Paychex, Inc. $PAYX

Key Points

• BDF Gestion has reduced its stake in Paychex, Inc. by 9.8%, selling 2,051 shares to own a total of 18,819 shares valued at $2,737,000.
• The company reported a quarterly earnings per share of $1.19, meeting analysts' expectations, with revenue reaching $1.43 billion, surpassing the anticipated $1.38 billion.
• Paychex announced a quarterly dividend of $1.08 per share, representing a 3.3% dividend yield and a payout ratio of 94.53% for stockholders of record as of July 21st.

BDF Gestion reduced its stake in Paychex, Inc. (NASDAQ:PAYX - Free Report) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,819 shares of the business services provider's stock after selling 2,051 shares during the period. BDF Gestion's holdings in Paychex were worth $2,737,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PAYX. Vanguard Group Inc. grew its holdings in Paychex by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 31,807,843 shares of the business services provider's stock valued at $4,907,314,000 after buying an additional 286,818 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Paychex by 7.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 10,782,173 shares of the business services provider's stock valued at $1,663,474,000 after acquiring an additional 737,542 shares during the period. Northern Trust Corp grew its stake in Paychex by 3.8% during the first quarter. Northern Trust Corp now owns 4,989,182 shares of the business services provider's stock valued at $769,731,000 after acquiring an additional 181,628 shares in the last quarter. Invesco Ltd. increased its holdings in Paychex by 0.7% during the 1st quarter. Invesco Ltd. now owns 4,135,296 shares of the business services provider's stock worth $637,993,000 after acquiring an additional 30,670 shares during the period. Finally, Select Equity Group L.P. increased its holdings in Paychex by 99.0% during the 1st quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider's stock worth $539,102,000 after acquiring an additional 1,738,372 shares during the period. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank Of Canada set a $165.00 price target on shares of Paychex and gave the company a "sector perform" rating in a research report on Tuesday, June 24th. Jefferies Financial Group set a $140.00 price objective on Paychex and gave the company a "hold" rating in a research note on Thursday, June 26th. UBS Group decreased their target price on Paychex from $148.00 to $140.00 and set a "neutral" rating on the stock in a research note on Wednesday. Barclays set a $155.00 price target on Paychex and gave the company an "equal weight" rating in a report on Tuesday, June 24th. Finally, Morgan Stanley cut their price objective on Paychex from $150.00 to $148.00 and set an "equal weight" rating for the company in a report on Friday, June 27th. Ten investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of $149.20.

Insider Buying and Selling at Paychex

In related news, CEO John B. Gibson sold 12,370 shares of Paychex stock in a transaction on 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 transaction, the chief executive officer owned 81,755 shares in the company, valued at $11,602,669.60. This trade represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Martin Mucci sold 97,526 shares of the business's stock in a transaction on 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 of the company's stock, valued at $64,878,940.89. This represents a 17.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

Paychex Trading Down 0.8%

Shares of PAYX stock opened at $130.00 on Friday. The business has a 50-day moving average price of $139.08 and a two-hundred day moving average price of $145.88. Paychex, Inc. has a 12-month low of $129.33 and a 12-month high of $161.24. 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 firm has a market cap of $46.75 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 3.00 and a beta of 0.91.

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

Paychex Dividend Announcement

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

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.

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