Schaper Benz & Wise Investment Counsel Inc. WI Lowers Position in Paychex, Inc. $PAYX

Key Points

• Schaper Benz & Wise Investment Counsel Inc. WI has reduced its holdings in Paychex, Inc. by 5.3%, now owning about 183,859 shares worth approximately $26.74 million.
• Paychex's recent quarterly earnings reported an EPS of $1.22, exceeding estimates, with revenue of $1.54 billion, marking a year-over-year growth of 16.8%.
• The firm announced a quarterly dividend of $1.08 per share, set to be paid on November 26th, with a resulting annualized yield of 3.4%.

Schaper Benz & Wise Investment Counsel Inc. WI reduced its holdings in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,859 shares of the business services provider's stock after selling 10,191 shares during the quarter. Paychex accounts for 2.1% of Schaper Benz & Wise Investment Counsel Inc. WI's portfolio, making the stock its 13th largest position. Schaper Benz & Wise Investment Counsel Inc. WI owned about 0.05% of Paychex worth $26,744,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PAYX. Brighton Jones LLC grew its stake in Paychex by 26.3% during the fourth quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider's stock worth $801,000 after buying an additional 1,190 shares during the period. Bison Wealth LLC grew its stake in Paychex by 3.0% during the fourth quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider's stock worth $566,000 after buying an additional 117 shares during the period. GAMMA Investing LLC grew its stake in Paychex by 31.8% during the first quarter. GAMMA Investing LLC now owns 7,474 shares of the business services provider's stock worth $1,153,000 after buying an additional 1,804 shares during the period. Continuum Advisory LLC grew its stake in Paychex by 76.7% during the first quarter. Continuum Advisory LLC now owns 1,067 shares of the business services provider's stock worth $165,000 after buying an additional 463 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in Paychex by 7.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,607 shares of the business services provider's stock worth $1,174,000 after buying an additional 502 shares during the period. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PAYX has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on shares of Paychex from $132.00 to $133.00 and gave the stock an "equal weight" rating in a research report on Monday. Argus reduced their target price on shares of Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. Wolfe Research reduced their target price on shares of Paychex from $145.00 to $140.00 and set an "underperform" rating on the stock in a research report on Friday, September 26th. Stifel Nicolaus reduced their target price on shares of Paychex from $142.00 to $137.00 and set a "hold" rating on the stock in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company raised shares of Paychex to a "strong sell" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $139.87.

Paychex Trading Down 0.7%

PAYX opened at $126.61 on Thursday. The stock has a market capitalization of $45.57 billion, a PE ratio of 28.45, a P/E/G ratio of 2.92 and a beta of 0.92. The firm's fifty day moving average price is $131.89 and its 200 day moving average price is $142.38. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27. Paychex, Inc. has a 12-month low of $119.02 and a 12-month high of $161.24.

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

Paychex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 7th. Paychex's dividend payout ratio is 97.08%.

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.

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