Blair William & Co. IL Purchases 8,486 Shares of Paychex, Inc. $PAYX

Key Points

• Blair William & Co. IL increased its stake in Paychex, Inc. by 5.5%, purchasing an additional 8,486 shares during the 2nd quarter, bringing their total holdings to 161,864 shares valued at approximately $23.5 million.
• Paychex reported a 16.8% year-over-year revenue increase, with earnings per share (EPS) of $1.22, exceeding analysts' estimates of $1.20.
• The company declared a quarterly dividend of $1.08 per share, yielding 3.5%, with the payment date set for November 26th.

Blair William & Co. IL raised its position in Paychex, Inc. (NASDAQ:PAYX - Free Report) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 161,864 shares of the business services provider's stock after purchasing an additional 8,486 shares during the period. Blair William & Co. IL's holdings in Paychex were worth $23,545,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new position in shares of Paychex in the first quarter valued at approximately $34,000. MorganRosel Wealth Management LLC acquired a new position in shares of Paychex in the first quarter valued at approximately $34,000. Quarry LP acquired a new position in shares of Paychex in the first quarter valued at approximately $34,000. Tsfg LLC boosted its holdings in shares of Paychex by 122.3% in the first quarter. Tsfg LLC now owns 229 shares of the business services provider's stock valued at $35,000 after buying an additional 126 shares during the period. Finally, Nova Wealth Management Inc. acquired a new position in shares of Paychex in the first quarter valued at approximately $38,000. Institutional investors own 83.47% of the company's stock.

Paychex Stock Performance

Shares of PAYX opened at $125.21 on Friday. Paychex, Inc. has a 12 month low of $119.02 and a 12 month high of $161.24. The firm has a fifty day simple moving average of $134.05 and a 200 day simple moving average of $143.86. The stock has a market capitalization of $45.06 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.89 and a beta of 0.92. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.15.

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

Paychex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 7th. Paychex's dividend payout ratio is 97.08%.

Insider Transactions at Paychex

In other Paychex news, CEO John B. Gibson sold 12,370 shares of the company's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $141.92, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.80% of the company's stock.

Wall Street Analysts Forecast Growth

PAYX has been the subject of several research analyst reports. Stephens upgraded shares of Paychex to a "hold" rating in a report on Tuesday. Jefferies Financial Group set a $130.00 price target on shares of Paychex in a report on Tuesday, September 30th. Weiss Ratings upgraded shares of Paychex from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Barclays set a $155.00 price target on shares of Paychex and gave the company an "equal weight" rating in a report on Tuesday, June 24th. Finally, Citigroup reduced their target price on shares of Paychex from $158.00 to $148.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $141.29.

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.

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