5,392 Shares in Paychex, Inc. $PAYX Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired 5,392 shares of Paychex, Inc., amounting to approximately $832,000 in value during the first quarter.
• Paychex recently announced a quarterly dividend of $1.08 per share, representing an annualized yield of 3.2%.
• Several analysts have adjusted their price targets for Paychex, with estimates ranging from $140.00 to $165.00 per share, reflecting a general "hold" sentiment among market experts.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,392 shares of the business services provider's stock, valued at approximately $832,000.

Several other large investors also recently made changes to their positions in PAYX. Teza Capital Management LLC acquired a new position in Paychex during the first quarter worth $799,000. UniSuper Management Pty Ltd boosted its holdings in Paychex by 397.9% during the first quarter. UniSuper Management Pty Ltd now owns 132,010 shares of the business services provider's stock worth $20,367,000 after purchasing an additional 105,497 shares during the last quarter. Select Equity Group L.P. boosted its holdings in Paychex by 99.0% during the first quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider's stock worth $539,102,000 after purchasing an additional 1,738,372 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Paychex by 10.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 85,518 shares of the business services provider's stock worth $13,194,000 after purchasing an additional 7,984 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Paychex by 3.8% during the first quarter. NewEdge Advisors LLC now owns 39,791 shares of the business services provider's stock worth $6,139,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors own 83.47% of the company's stock.

Insider Buying and Selling

In other news, Chairman Martin Mucci sold 97,526 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $145.17, for a total value of $14,157,849.42. Following the sale, the chairman directly owned 446,917 shares in the company, valued at approximately $64,878,940.89. This trade represents a 17.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John B. Gibson sold 12,370 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 81,755 shares in the company, valued at approximately $11,602,669.60. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.80% of the company's stock.

Paychex Stock Performance

NASDAQ:PAYX traded down $0.35 during mid-day trading on Friday, reaching $135.11. 1,305,369 shares of the company's stock were exchanged, compared to its average volume of 1,876,443. Paychex, Inc. has a one year low of $131.83 and a one year high of $161.24. The firm has a market capitalization of $48.59 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 3.10 and a beta of 0.91. The business's fifty day simple moving average is $140.44 and its two-hundred day simple moving average is $146.55. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.28 and a current ratio of 1.28.

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

Paychex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, July 21st were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, July 21st. Paychex's dividend payout ratio (DPR) is currently 94.53%.

Analysts Set New Price Targets

Several brokerages recently commented on PAYX. Barclays set a $155.00 target price on shares of Paychex and gave the stock an "equal weight" rating in a report on Tuesday, June 24th. Jefferies Financial Group set a $140.00 price target on shares of Paychex and gave the company a "hold" rating in a research note on Thursday, June 26th. 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 note on Tuesday, June 24th. Morgan Stanley cut their price target on shares of Paychex from $150.00 to $148.00 and set an "equal weight" rating for the company in a research note on Friday, June 27th. Finally, Stifel Nicolaus cut their price target on shares of Paychex from $156.00 to $152.00 and set a "hold" rating for the company in a research note on Thursday, June 26th. Ten research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Paychex currently has an average rating of "Reduce" and a consensus target price of $149.70.

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.