Nykredit A S Takes Position in Paychex, Inc. $PAYX

Key Points

• Nykredit A/S acquired a new Paychex stake of 135,489 shares worth approximately $13.3 million in the second quarter. Institutional investors collectively own 83.47% of the company.
• Paychex exceeded quarterly expectations, reporting $1.32 in EPS and $1.61 billion in revenue, with revenue up 12.5% year over year. The company issued fiscal 2027 EPS guidance of $5.90–$6.01.
• Paychex pays an annualized dividend of $4.76 per share, yielding about 3.9%, while analysts maintain a consensus “Hold” rating with a $111 target price. Shares recently traded at $121.71, and two insiders reported stock sales.

Nykredit A S bought a new stake in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 135,489 shares of the business services provider's stock, valued at approximately $13,323,000.

Several other large investors also recently made changes to their positions in PAYX. Hilton Head Capital Partners LLC acquired a new stake in Paychex during the fourth quarter valued at approximately $31,000. Kingdom Financial Group LLC. bought a new position in shares of Paychex in the fourth quarter valued at $33,000. Leonteq Securities AG lifted its position in shares of Paychex by 2,669.2% during the 1st quarter. Leonteq Securities AG now owns 360 shares of the business services provider's stock valued at $33,000 after acquiring an additional 347 shares during the last quarter. Field & Main Bank bought a new stake in shares of Paychex during the 2nd quarter worth $33,000. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of Paychex in the 4th quarter worth $34,000. Institutional investors own 83.47% of the company's stock.

Paychex Trading Down 2.7%

Shares of NASDAQ:PAYX opened at $121.71 on Friday. The firm has a fifty day moving average of $116.50 and a two-hundred day moving average of $101.96. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. Paychex, Inc. has a 12-month low of $85.45 and a 12-month high of $138.19. The firm has a market capitalization of $43.29 billion, a P/E ratio of 24.89, a price-to-earnings-growth ratio of 2.62 and a beta of 0.82.

Paychex (NASDAQ:PAYX - Get Free Report) last announced its quarterly earnings data on Wednesday, June 24th. The business services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.01. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.60 billion. Paychex had a return on equity of 50.90% and a net margin of 27.03%.Paychex's quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $1.19 earnings per share. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. On average, equities analysts expect that Paychex, Inc. will post 5.96 EPS for the current fiscal year.

Paychex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, July 28th were paid a dividend of $1.19 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 3.9%. Paychex's dividend payout ratio (DPR) is 97.34%.

Wall Street Analysts Forecast Growth

PAYX has been the subject of several analyst reports. TD Cowen upped their target price on Paychex from $94.00 to $98.00 and gave the company a "hold" rating in a report on Monday, June 8th. JPMorgan Chase & Co. boosted their price objective on Paychex from $100.00 to $105.00 and gave the stock an "underweight" rating in a report on Thursday, June 25th. Weiss Ratings upgraded shares of Paychex from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, July 20th. Jefferies Financial Group boosted their price target on shares of Paychex from $105.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, August 12th. Finally, Citigroup upped their price target on shares of Paychex from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Paychex currently has a consensus rating of "Hold" and a consensus target price of $111.00.

Insider Activity

In other news, Director Joseph Tucci sold 3,907 shares of Paychex stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $98.25, for a total transaction of $383,862.75. Following the completion of the sale, the director directly owned 67,364 shares in the company, valued at $6,618,513. The trade was a 5.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert Schrader sold 2,600 shares of the business's stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $115.09, for a total value of $299,234.00. Following the completion of the sale, the chief financial officer directly owned 18,547 shares of the company's stock, valued at approximately $2,134,574.23. The trade was a 12.29% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by insiders.

Paychex Company Profile

Paychex, Inc, founded in 1971 by B. Thomas "Tom" Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company's core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers' compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.

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