Paychex, Inc. $PAYX Shares Purchased by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC has increased its stake in Paychex, Inc. by 4.0%, now owning nearly 80,000 shares valued at approximately $11.63 million.
• Several institutional investors, including Brighton Jones LLC and Vise Technologies Inc., have significantly raised their holdings in Paychex during the fourth quarter, indicating strong institutional interest.
• Paychex recently announced a quarterly dividend of $1.08, resulting in an annualized yield of 3.3%, further solidifying its position as a dividend-paying stock.

U.S. Capital Wealth Advisors LLC boosted its stake in Paychex, Inc. (NASDAQ:PAYX - Free Report) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,954 shares of the business services provider's stock after acquiring an additional 3,043 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Paychex were worth $11,630,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PAYX. Brighton Jones LLC increased its holdings in shares of Paychex by 26.3% in the fourth quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider's stock valued at $801,000 after purchasing an additional 1,190 shares during the period. Bison Wealth LLC increased its stake in Paychex by 3.0% in the 4th quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider's stock valued at $566,000 after buying an additional 117 shares during the period. Vise Technologies Inc. increased its stake in Paychex by 98.0% in the 4th quarter. Vise Technologies Inc. now owns 3,360 shares of the business services provider's stock valued at $471,000 after buying an additional 1,663 shares during the period. North Star Asset Management Inc. acquired a new position in shares of Paychex during the fourth quarter worth about $207,000. Finally, Toronto Dominion Bank increased its stake in shares of Paychex by 1.7% during the fourth quarter. Toronto Dominion Bank now owns 118,140 shares of the business services provider's stock worth $16,565,000 after acquiring an additional 1,945 shares during the period. Institutional investors and hedge funds own 83.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Paychex in a research note on Thursday, July 10th. They set a "market perform" rating and a $160.00 price target on the stock. UBS Group dropped their price objective on Paychex from $148.00 to $140.00 and set a "neutral" rating on the stock in a report on Wednesday, September 17th. Morgan Stanley dropped their price objective on Paychex from $150.00 to $148.00 and set an "equal weight" rating on the stock in a report on Friday, June 27th. Jefferies Financial Group set a $140.00 price target on shares of Paychex and gave the stock a "hold" rating in a research note on Thursday, June 26th. Finally, Royal Bank Of Canada set a $165.00 price target on shares of Paychex and gave the stock a "sector perform" rating in a research note on Tuesday, June 24th. Ten research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Paychex has an average rating of "Reduce" and a consensus price target of $149.20.

Paychex Price Performance

PAYX stock opened at $130.00 on Monday. The stock's fifty day simple moving average is $139.08 and its 200-day simple moving average is $145.81. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.10. Paychex, Inc. has a 52-week low of $129.33 and a 52-week high of $161.24. The stock has a market capitalization of $46.75 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91.

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 (EPS) for the quarter, hitting the consensus estimate of $1.19. Paychex had a net margin of 29.75% and a return on equity of 45.01%. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same period last year, the company earned $1.12 earnings per share. Paychex has set its FY 2026 guidance at EPS. Equities research analysts expect that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO John B. Gibson sold 12,370 shares of Paychex stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $141.92, for a total value of $1,755,550.40. Following the transaction, the chief executive officer directly owned 81,755 shares of the company's stock, valued at $11,602,669.60. The trade was a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Martin Mucci sold 97,526 shares of Paychex stock in a transaction dated 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 completion of the transaction, the chairman directly owned 446,917 shares in the company, valued at $64,878,940.89. This represents a 17.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding PAYX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paychex, Inc. (NASDAQ:PAYX - Free Report).

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.