Catalyst Capital Advisors LLC Reduces Stock Position in Paychex, Inc. $PAYX

Catalyst Capital Advisors LLC lowered its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 16.5% in the second quarter, Holdings Channel.com reports. The fund owned 673 shares of the business services provider’s stock after selling 133 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Paychex were worth $98,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Summit Wealth Partners LLC boosted its holdings in Paychex by 2.4% during the 1st quarter. Summit Wealth Partners LLC now owns 3,027 shares of the business services provider’s stock valued at $467,000 after acquiring an additional 70 shares during the period. LGT Group Foundation lifted its holdings in shares of Paychex by 2.8% in the 1st quarter. LGT Group Foundation now owns 2,528 shares of the business services provider’s stock worth $390,000 after buying an additional 70 shares during the period. King Wealth Management Group lifted its holdings in shares of Paychex by 4.7% in the 1st quarter. King Wealth Management Group now owns 1,669 shares of the business services provider’s stock worth $257,000 after buying an additional 75 shares during the period. Sunflower Bank N.A. lifted its holdings in shares of Paychex by 3.4% in the 2nd quarter. Sunflower Bank N.A. now owns 2,305 shares of the business services provider’s stock worth $335,000 after buying an additional 75 shares during the period. Finally, Asset Dedication LLC lifted its holdings in shares of Paychex by 12.1% in the 1st quarter. Asset Dedication LLC now owns 711 shares of the business services provider’s stock worth $110,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Wall Street Analyst Weigh In

PAYX has been the subject of several research reports. Wolfe Research lowered their target price on Paychex from $145.00 to $140.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Stephens upgraded Paychex to a “hold” rating in a report on Tuesday, October 7th. BMO Capital Markets lowered their target price on Paychex from $143.00 to $140.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Robert W. Baird lowered their target price on Paychex from $153.00 to $148.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Finally, Argus lowered their target price on Paychex from $170.00 to $150.00 in a report on Thursday, October 2nd. One equities research 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’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $139.87.

Paychex Trading Down 0.1%

Shares of NASDAQ PAYX opened at $124.60 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $44.84 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.85 and a beta of 0.92. Paychex, Inc. has a 1-year low of $119.02 and a 1-year high of $161.24. The business has a fifty day moving average price of $131.36 and a 200 day moving average price of $142.22.

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, topping analysts’ consensus estimates of $1.20 by $0.02. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Equities research analysts expect that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 7th. Paychex’s dividend payout ratio is currently 97.08%.

About Paychex

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.