Robeco Institutional Asset Management B.V. Sells 60,953 Shares of Paychex, Inc. $PAYX

Robeco Institutional Asset Management B.V. reduced its stake in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) by 44.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,923 shares of the business services provider's stock after selling 60,953 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Paychex were worth $11,044,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management bought a new position in shares of Paychex during the 1st quarter worth approximately $34,000. MorganRosel Wealth Management LLC acquired a new position in shares of Paychex during the first quarter worth $34,000. Quarry LP acquired a new stake in shares of Paychex in the 1st quarter worth $34,000. Tsfg LLC boosted its position in shares of Paychex by 122.3% in the 1st quarter. Tsfg LLC now owns 229 shares of the business services provider's stock worth $35,000 after purchasing an additional 126 shares in the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in Paychex during the 1st quarter worth $38,000. Institutional investors own 83.47% of the company's stock.

Insider Activity

In related news, Chairman Martin Mucci sold 97,526 shares of the firm's 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 transaction, the chairman directly owned 446,917 shares of the company's stock, valued at approximately $64,878,940.89. This trade represents a 17.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 completion of the sale, the chief executive officer owned 81,755 shares in the company, valued at approximately $11,602,669.60. The trade was a 13.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

Paychex Price Performance

Shares of Paychex stock opened at $124.61 on Monday. The firm has a market cap of $44.85 billion, a PE ratio of 28.00, a P/E/G ratio of 2.85 and a beta of 0.92. Paychex, Inc. has a twelve month low of $119.02 and a twelve month high of $161.24. 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 business has a 50-day moving average price of $135.66 and a 200 day moving average price of $144.37.

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

Paychex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, July 21st were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.5%. Paychex's payout ratio is currently 97.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PAYX shares. Royal Bank Of Canada set a $165.00 price target on Paychex and gave the company a "sector perform" rating in a research note on Tuesday, June 24th. Morgan Stanley decreased their price objective on shares of Paychex from $148.00 to $132.00 and set an "equal weight" rating for the company in a research report on Wednesday. UBS Group lowered their target price on shares of Paychex from $140.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday. Wolfe Research decreased their price target on shares of Paychex from $145.00 to $140.00 and set an "underperform" rating for the company in a report on Friday, September 26th. Finally, TD Cowen lowered their price objective on shares of Paychex from $140.00 to $126.00 and set a "hold" rating for the company in a research note on Wednesday, October 1st. Twelve investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $142.77.

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.

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