Callan Family Office LLC Grows Holdings in Paychex, Inc. $PAYX

Key Points

• Callan Family Office LLC increased its holdings in Paychex, Inc. by 120.3% during Q2, acquiring an additional 5,715 shares, bringing its total ownership to 10,464 shares valued at $1.52 million.
• Paychex reported a Q1 earnings per share (EPS) of $1.22, exceeding expectations, with revenue of $1.54 billion, a 16.8% increase year-over-year.
• The company announced a quarterly dividend of $1.08 per share to be paid on November 26th, resulting in an annualized dividend yield of 3.4%.

Callan Family Office LLC grew its stake in Paychex, Inc. (NASDAQ:PAYX - Free Report) by 120.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,464 shares of the business services provider's stock after acquiring an additional 5,715 shares during the period. Callan Family Office LLC's holdings in Paychex were worth $1,522,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PAYX. Blair William & Co. IL increased its stake in Paychex by 5.5% during the 2nd quarter. Blair William & Co. IL now owns 161,864 shares of the business services provider's stock worth $23,545,000 after buying an additional 8,486 shares during the period. Boomfish Wealth Group LLC increased its stake in Paychex by 4.5% during the 2nd quarter. Boomfish Wealth Group LLC now owns 11,167 shares of the business services provider's stock worth $1,624,000 after buying an additional 483 shares during the period. Leo Wealth LLC increased its stake in Paychex by 19.1% during the 2nd quarter. Leo Wealth LLC now owns 1,848 shares of the business services provider's stock worth $269,000 after buying an additional 297 shares during the period. Tectonic Advisors LLC increased its stake in Paychex by 10.2% during the 2nd quarter. Tectonic Advisors LLC now owns 57,517 shares of the business services provider's stock worth $8,366,000 after buying an additional 5,312 shares during the period. Finally, Maryland State Retirement & Pension System increased its stake in Paychex by 4.3% during the 2nd quarter. Maryland State Retirement & Pension System now owns 15,684 shares of the business services provider's stock worth $2,281,000 after buying an additional 650 shares during the period. 83.47% of the stock is owned by hedge funds and other institutional investors.

Paychex Stock Up 0.3%

PAYX stock opened at $125.55 on Friday. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24. The stock has a market capitalization of $45.18 billion, a PE ratio of 28.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.92. 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 fifty day moving average of $133.78 and a 200-day moving average of $143.69.

Paychex (NASDAQ:PAYX - Get Free Report) last released 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 company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter last year, the business earned $1.16 EPS. The business'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. As a group, analysts expect that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, November 7th. Paychex's dividend payout ratio (DPR) is 97.08%.

Analyst Ratings Changes

A number of brokerages have commented on PAYX. BMO Capital Markets dropped their price objective 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. Weiss Ratings raised shares of Paychex from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Robert W. Baird dropped their price objective on shares of Paychex from $153.00 to $148.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 1st. Argus dropped their price objective on shares of Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. Finally, Citigroup dropped their price objective 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. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Paychex has a consensus rating of "Reduce" and an average target price of $141.29.

Insider Activity at Paychex

In other news, CEO John B. Gibson sold 12,370 shares of the firm's 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 completion of the sale, the chief executive officer owned 81,755 shares in the company, valued at approximately $11,602,669.60. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.80% of the company's stock.

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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