Generali Asset Management SPA SGR Acquires 3,821 Shares of Paychex, Inc. $PAYX

Key Points

• Generali Asset Management SPA SGR increased its stake in Paychex, Inc. by 8.6%, acquiring an additional 3,821 shares, bringing their total holdings to 48,198 shares worth approximately $7 million.
• Paychex recently reported a quarterly EPS of $1.22, exceeding analyst expectations, and had a revenue of $1.54 billion, marking a year-over-year increase of 16.8%.
• The company announced a quarterly dividend of $1.08 per share, with a yield of 3.4%, set to be paid on November 26th.

Generali Asset Management SPA SGR increased its stake in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) by 8.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,198 shares of the business services provider's stock after acquiring an additional 3,821 shares during the period. Generali Asset Management SPA SGR's holdings in Paychex were worth $7,011,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Select Equity Group L.P. raised its position 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 acquiring an additional 1,738,372 shares in the last quarter. Nuveen LLC bought a new stake in shares of Paychex in the 1st quarter valued at about $134,192,000. Charles Schwab Investment Management Inc. raised its stake in 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 buying an additional 737,542 shares during the period. Neuberger Berman Group LLC raised its stake in Paychex by 117.6% in the first quarter. Neuberger Berman Group LLC now owns 1,217,092 shares of the business services provider's stock valued at $187,512,000 after buying an additional 657,871 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Paychex by 25.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,844,949 shares of the business services provider's stock valued at $438,919,000 after buying an additional 581,410 shares during the period. Institutional investors own 83.47% of the company's stock.

Analysts Set New Price Targets

PAYX has been the topic of several research analyst reports. Stephens upgraded Paychex to a "hold" rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. dropped their price target on Paychex from $153.00 to $140.00 and set an "underweight" rating on the stock in a research note on Wednesday, October 1st. Barclays set a $155.00 price objective on shares of Paychex and gave the company an "equal weight" rating in a research report on Tuesday, June 24th. Wolfe Research dropped their price objective on shares of Paychex from $145.00 to $140.00 and set an "underperform" rating on the stock in a research report on Friday, September 26th. Finally, Royal Bank Of Canada set a $165.00 price target on shares of Paychex and gave the company a "sector perform" rating in a report on Tuesday, June 24th. One investment 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $141.29.

Paychex Price Performance

Paychex stock opened at $127.52 on Thursday. The stock's fifty day moving average price is $133.09 and its two-hundred day moving average price is $143.25. Paychex, Inc. has a one year low of $119.02 and a one year high of $161.24. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $45.89 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 2.94 and a beta of 0.92.

Paychex (NASDAQ:PAYX - Get Free Report) last posted its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.02. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the company earned $1.16 EPS. The company'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, research analysts expect that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Announces Dividend

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

About Paychex

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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