Marshall Financial Group LLC Has $1.16 Million Holdings in Paychex, Inc. $PAYX

Key Points

• Marshall Financial Group LLC increased its stake in Paychex, Inc. by 212.2% during Q2, now holding 7,956 shares valued at $1,159,000.
• Paychex reported $1.43 billion in revenue for the quarter, exceeding analysts' expectations of $1.38 billion, and announced a quarterly dividend of $1.08 per share.
• Institutional investors own approximately 83.47% of Paychex stock, highlighting strong backing from large financial entities.

Marshall Financial Group LLC grew its position in Paychex, Inc. (NASDAQ:PAYX - Free Report) by 212.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,956 shares of the business services provider's stock after acquiring an additional 5,408 shares during the quarter. Marshall Financial Group LLC's holdings in Paychex were worth $1,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PAYX. Select Equity Group L.P. lifted its position 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 worth $539,102,000 after buying an additional 1,738,372 shares during the period. GAMMA Investing LLC lifted its position in shares of Paychex by 20,236.7% during the 1st quarter. GAMMA Investing LLC now owns 1,153,089 shares of the business services provider's stock worth $177,899,000 after buying an additional 1,147,419 shares during the period. Nuveen LLC bought a new position in shares of Paychex during the 1st quarter worth approximately $134,192,000. Charles Schwab Investment Management Inc. lifted its position 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 worth $1,663,474,000 after buying an additional 737,542 shares during the period. Finally, Neuberger Berman Group LLC lifted its position 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 worth $187,512,000 after buying an additional 657,871 shares during the period. Institutional investors own 83.47% of the company's stock.

Paychex Trading Down 0.8%

Shares of PAYX stock traded down $1.11 on Friday, reaching $130.00. 7,782,862 shares of the stock were exchanged, compared to its average volume of 2,041,126. The stock has a market cap of $46.75 billion, a PE ratio of 28.45, a P/E/G ratio of 3.00 and a beta of 0.91. Paychex, Inc. has a one year low of $129.33 and a one year high of $161.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a 50 day moving average price of $139.08 and a 200 day moving average price of $145.88.

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

Paychex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, July 21st were given a dividend of $1.08 per share. The ex-dividend date was Monday, July 21st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.3%. Paychex's payout ratio is presently 94.53%.

Insiders Place Their Bets

In other news, CEO John B. Gibson sold 12,370 shares of the business's stock in a transaction on Wednesday, July 16th. The stock was 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 $11,602,669.60. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Martin Mucci sold 97,526 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $145.17, for a total value of $14,157,849.42. Following the sale, the chairman owned 446,917 shares of the company's stock, valued at approximately $64,878,940.89. The trade was a 17.91% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PAYX. JPMorgan Chase & Co. raised their target price on Paychex from $148.00 to $153.00 and gave the stock an "underweight" rating in a research report on Thursday, August 14th. Barclays set a $155.00 target price on Paychex and gave the stock an "equal weight" rating in a research report on Tuesday, June 24th. Morgan Stanley cut their price objective on Paychex from $150.00 to $148.00 and set an "equal weight" rating for the company in a research report on Friday, June 27th. BMO Capital Markets initiated coverage on Paychex in a research report on Thursday, July 10th. They issued a "market perform" rating and a $160.00 price objective for the company. Finally, Citigroup cut their price objective on Paychex from $158.00 to $148.00 and set a "neutral" rating for the company in a research report on Thursday, August 21st. Ten analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $149.20.

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.