KLP Kapitalforvaltning AS Buys 5,100 Shares of Paychex, Inc. $PAYX

Key Points

• KLP Kapitalforvaltning AS increased its stake in Paychex, Inc. by 3.6%, acquiring an additional 5,100 shares, bringing their total to 147,679 shares valued at approximately $21.48 million.
• Insider trading activity included Chairman Martin Mucci selling 97,526 shares for over $14 million and CEO John B. Gibson selling 12,370 shares for about $1.76 million, each reflecting a significant decrease in their ownership positions.
• Paychex reported a quarterly EPS of $1.22, surpassing estimates, and raised its FY 2026 earnings guidance with strong revenue growth of 16.8% year-over-year.

KLP Kapitalforvaltning AS raised its position in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 147,679 shares of the business services provider's stock after buying an additional 5,100 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Paychex were worth $21,481,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PAYX. Select Equity Group L.P. boosted its holdings in shares of Paychex by 99.0% during the 1st quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider's stock valued at $539,102,000 after buying an additional 1,738,372 shares in the last quarter. Nuveen LLC bought a new stake in shares of Paychex during the 1st quarter valued at $134,192,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Paychex by 7.3% during the 1st 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 in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Paychex by 117.6% during the 1st 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Paychex by 25.7% during the 1st 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 in the last quarter. Institutional investors own 83.47% of the company's stock.

Insider Buying and Selling

In related news, Chairman Martin Mucci sold 97,526 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $145.17, for a total transaction of $14,157,849.42. Following the completion of the transaction, the chairman directly owned 446,917 shares in the company, valued at approximately $64,878,940.89. The trade was a 17.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John B. Gibson sold 12,370 shares of the business'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 value of $1,755,550.40. Following the transaction, the chief executive officer owned 81,755 shares of the company's stock, valued at approximately $11,602,669.60. This trade represents a 13.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

Paychex Price Performance

NASDAQ PAYX opened at $127.02 on Wednesday. Paychex, Inc. has a 52 week low of $119.02 and a 52 week high of $161.24. The firm has a market capitalization of $45.71 billion, a P/E ratio of 28.54, a PEG ratio of 2.84 and a beta of 0.92. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average price of $134.82 and a 200-day moving average price of $144.12.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stephens assumed coverage on Paychex in a research report on Monday. They issued an "equal weight" rating and a $135.00 price target for the company. Barclays set a $155.00 price target on Paychex and gave the stock an "equal weight" rating in a research report on Tuesday, June 24th. Wolfe Research lowered their price target on Paychex from $145.00 to $140.00 and set an "underperform" rating for the company in a research report on Friday, September 26th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Paychex in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lowered their price target on Paychex from $153.00 to $140.00 and set an "underweight" rating for the company in a research report on Wednesday, October 1st. Thirteen research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Paychex presently has a consensus rating of "Reduce" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.