Boston Trust Walden Corp Sells 2,279 Shares of Paychex, Inc. $PAYX

Key Points

• Boston Trust Walden Corp reduced its shareholding in Paychex, Inc. by 1.5%, selling 2,279 shares, and now holds 146,957 shares valued at approximately $21.38 million.
• Paychex reported $1.22 earnings per share (EPS) in its recent quarterly earnings, surpassing analyst estimates and showing a 16.8% year-over-year revenue increase to $1.54 billion.
• The company declared a quarterly dividend of $1.08 per share, with a payout ratio of 97.08%, and the dividend yield stands at 3.4% as it is set to be paid on November 26th.

Boston Trust Walden Corp reduced its stake in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) by 1.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 146,957 shares of the business services provider's stock after selling 2,279 shares during the period. Boston Trust Walden Corp's holdings in Paychex were worth $21,376,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Summit Wealth Partners LLC raised its position in Paychex by 2.4% in the 1st quarter. Summit Wealth Partners LLC now owns 3,027 shares of the business services provider's stock worth $467,000 after purchasing an additional 70 shares during the period. LGT Group Foundation raised its position in Paychex by 2.8% in the 1st quarter. LGT Group Foundation now owns 2,528 shares of the business services provider's stock worth $390,000 after purchasing an additional 70 shares during the period. Golden State Equity Partners raised its position in Paychex by 0.9% in the 1st quarter. Golden State Equity Partners now owns 7,623 shares of the business services provider's stock worth $1,176,000 after purchasing an additional 71 shares during the period. Palumbo Wealth Management LLC raised its position in Paychex by 2.4% in the 1st quarter. Palumbo Wealth Management LLC now owns 3,192 shares of the business services provider's stock worth $492,000 after purchasing an additional 74 shares during the period. Finally, King Wealth Management Group raised its position in Paychex by 4.7% in the 1st quarter. King Wealth Management Group now owns 1,669 shares of the business services provider's stock worth $257,000 after purchasing an additional 75 shares during the period. 83.47% of the stock is owned by institutional investors.

Paychex Price Performance

PAYX stock opened at $128.59 on Wednesday. The firm's 50-day moving average price is $133.32 and its two-hundred day moving average price is $143.36. Paychex, Inc. has a 12-month low of $119.02 and a 12-month high of $161.24. The stock has a market capitalization of $46.28 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.91 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 released its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.02. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. The company's revenue for the quarter was up 16.8% compared to the same quarter last year. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. As a group, equities analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, November 7th. This represents a $4.32 annualized dividend and a dividend yield of 3.4%. Paychex's payout ratio is currently 97.08%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays set a $155.00 target price on shares of Paychex and gave the stock an "equal weight" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada set a $165.00 target price on shares of Paychex and gave the stock a "sector perform" rating in a research report on Tuesday, June 24th. BMO Capital Markets decreased their target price on shares of Paychex from $143.00 to $140.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 1st. Citigroup decreased their target price on shares of Paychex from $158.00 to $148.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Paychex from $142.00 to $137.00 and set a "hold" rating on the stock in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average 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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