2,069 Shares in Paychex, Inc. $PAYX Bought by Klingman & Associates LLC

Klingman & Associates LLC bought a new position in shares of Paychex, Inc. (NASDAQ:PAYX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,069 shares of the business services provider’s stock, valued at approximately $301,000.

A number of other institutional investors also recently bought and sold shares of PAYX. Alpine Bank Wealth Management purchased a new stake in Paychex during the first quarter worth $34,000. MorganRosel Wealth Management LLC purchased a new stake in Paychex during the first quarter worth $34,000. Quarry LP purchased a new stake in Paychex during the first quarter worth $34,000. Tsfg LLC boosted its position in Paychex by 122.3% during the first 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 stake in Paychex during the first quarter worth $38,000. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PAYX shares. Robert W. Baird decreased their target price on Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 1st. TD Cowen reduced their price objective on Paychex from $140.00 to $126.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. JPMorgan Chase & Co. reduced their price objective on Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. Royal Bank Of Canada set a $165.00 target price on Paychex and gave the stock a “sector perform” rating in a research report on Tuesday, June 24th. Finally, Wolfe Research reduced their target price on Paychex from $145.00 to $140.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $140.47.

Paychex Price Performance

Shares of NASDAQ PAYX opened at $127.54 on Wednesday. Paychex, Inc. has a fifty-two week low of $119.02 and a fifty-two week high of $161.24. The business has a 50 day moving average price of $132.13 and a two-hundred day moving average price of $142.49. 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 cap of $45.90 billion, a PE ratio of 28.66, a price-to-earnings-growth ratio of 2.89 and a beta of 0.92.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm earned $1.16 EPS. Paychex’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 expect that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

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