Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Paychex, Inc. $PAYX

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 6.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 645,580 shares of the business services provider’s stock after purchasing an additional 36,670 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of Paychex worth $93,906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. NewSquare Capital LLC grew its holdings in shares of Paychex by 83.8% during the second quarter. NewSquare Capital LLC now owns 215 shares of the business services provider’s stock valued at $31,000 after buying an additional 98 shares during the last quarter. Quarry LP bought a new position in Paychex in the 1st quarter valued at approximately $34,000. Nova Wealth Management Inc. purchased a new stake in Paychex during the 1st quarter valued at $38,000. GPS Wealth Strategies Group LLC increased its holdings in shares of Paychex by 40.6% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 263 shares of the business services provider’s stock worth $38,000 after purchasing an additional 76 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its holdings in shares of Paychex by 94.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 293 shares of the business services provider’s stock worth $43,000 after purchasing an additional 142 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PAYX has been the topic of a number of research analyst reports. Jefferies Financial Group set a $130.00 price target on Paychex in a report on Tuesday, September 30th. TD Cowen decreased their target price on Paychex from $140.00 to $126.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Wolfe Research dropped their price target on shares of Paychex from $145.00 to $140.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Argus reduced their price target on shares of Paychex from $170.00 to $150.00 in a research note on Thursday, October 2nd. Finally, Stifel Nicolaus decreased their price objective on shares of Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $139.87.

Paychex Price Performance

NASDAQ PAYX opened at $111.96 on Friday. The company has a 50-day moving average price of $127.05 and a 200-day moving average price of $140.23. Paychex, Inc. has a 52 week low of $110.70 and a 52 week 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 firm has a market capitalization of $40.29 billion, a P/E ratio of 25.16, a PEG ratio of 2.68 and a beta of 0.93.

Paychex (NASDAQ:PAYX) last announced its 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. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $1.16 earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Equities research analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, November 7th. Paychex’s dividend payout ratio is 97.08%.

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.