Fjarde AP Fonden Fourth Swedish National Pension Fund Has $14 Million Stake in Paychex, Inc. $PAYX

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 23.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,245 shares of the business services provider’s stock after acquiring an additional 18,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Paychex were worth $14,000,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Martin Capital Partners LLC boosted its position in Paychex by 166.9% during the 2nd quarter. Martin Capital Partners LLC now owns 6,340 shares of the business services provider’s stock worth $922,000 after buying an additional 3,965 shares during the period. MWA Asset Management lifted its holdings in shares of Paychex by 6.5% during the first quarter. MWA Asset Management now owns 4,269 shares of the business services provider’s stock worth $659,000 after purchasing an additional 262 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Paychex during the first quarter worth $832,000. Two Point Capital Management Inc. acquired a new position in shares of Paychex during the second quarter worth $8,761,000. Finally, SCS Capital Management LLC acquired a new position in shares of Paychex during the first quarter worth $481,000. 83.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stephens raised Paychex to a “hold” rating in a report on Tuesday, October 7th. Jefferies Financial Group set a $130.00 price objective on Paychex in a research note on Tuesday, September 30th. UBS Group cut their price objective on Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. JPMorgan Chase & Co. dropped their price target on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 1st. Finally, Morgan Stanley boosted their price target on shares of Paychex from $132.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $139.87.

Paychex Price Performance

Shares of NASDAQ:PAYX opened at $124.05 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. Paychex, Inc. has a twelve month low of $119.02 and a twelve month high of $161.24. The stock’s 50 day moving average is $130.81 and its 200-day moving average is $141.90. The firm has a market capitalization of $44.64 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 2.86 and a beta of 0.92.

Paychex (NASDAQ:PAYX) last released its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 earnings per share for the quarter, topping 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 firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. The business’s 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 forecast 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. Investors of record on Friday, November 7th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, November 7th. Paychex’s dividend payout ratio is currently 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.