ASR Vermogensbeheer N.V. Boosts Stake in Paychex, Inc. $PAYX

ASR Vermogensbeheer N.V. lifted its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 6.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 26,961 shares of the business services provider’s stock after purchasing an additional 1,701 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Paychex were worth $3,922,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. DMKC Advisory Services LLC boosted its position in Paychex by 252.9% during the second quarter. DMKC Advisory Services LLC now owns 11,896 shares of the business services provider’s stock worth $1,705,000 after purchasing an additional 8,525 shares in the last quarter. Access Financial Services Inc. lifted its position in shares of Paychex by 0.9% during the 2nd quarter. Access Financial Services Inc. now owns 10,947 shares of the business services provider’s stock valued at $1,592,000 after buying an additional 102 shares in the last quarter. Naples Global Advisors LLC lifted its position in shares of Paychex by 5.9% during the 2nd quarter. Naples Global Advisors LLC now owns 60,683 shares of the business services provider’s stock valued at $8,827,000 after buying an additional 3,383 shares in the last quarter. Pure Financial Advisors LLC lifted its position in shares of Paychex by 31.4% during the 2nd quarter. Pure Financial Advisors LLC now owns 4,063 shares of the business services provider’s stock valued at $591,000 after buying an additional 972 shares in the last quarter. Finally, Newman Dignan & Sheerar Inc. purchased a new position in shares of Paychex during the 2nd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Insider Transactions at Paychex

In other Paychex news, Chairman Martin Mucci sold 97,526 shares of the business’s stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $145.17, for a total transaction of $14,157,849.42. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John B. Gibson sold 12,370 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $141.92, for a total transaction of $1,755,550.40. Following the sale, the chief executive officer owned 81,755 shares in the company, valued at $11,602,669.60. This trade represents 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 Stock Up 1.0%

Shares of PAYX opened at $124.61 on Friday. The company’s 50-day moving average price is $135.66 and its 200 day moving average price is $144.39. The firm has a market cap of $44.85 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.82 and a beta of 0.92. Paychex, Inc. has a 12-month low of $119.02 and a 12-month high of $161.24. The company has a current ratio of 1.27, a quick ratio of 1.28 and a debt-to-equity ratio of 1.15.

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 analysts’ consensus estimates of $1.20 by $0.02. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.54 billion. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, sell-side analysts forecast that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, July 21st were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, July 21st. Paychex’s payout ratio is currently 97.08%.

Analysts Set New Price Targets

Several equities analysts have issued reports on PAYX shares. Jefferies Financial Group set a $130.00 price objective on shares of Paychex in a report on Tuesday. Citigroup decreased their price target on shares of Paychex from $158.00 to $148.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Barclays set a $155.00 target price on Paychex and gave the company an “equal weight” rating in a research report on Tuesday, June 24th. Royal Bank Of Canada set a $165.00 price objective on Paychex and gave the company a “sector perform” rating in a report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. raised their price objective on Paychex from $148.00 to $153.00 and gave the company an “underweight” rating in a report on Thursday, August 14th. Twelve equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.