Groupama Asset Managment Takes Position in Paychex, Inc. $PAYX

Groupama Asset Managment purchased a new position in shares of Paychex, Inc. (NASDAQ:PAYX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,570 shares of the business services provider’s stock, valued at approximately $514,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Martin Capital Partners LLC grew its holdings in shares of Paychex by 166.9% during the second 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 in the last quarter. Arkadios Wealth Advisors boosted its position in Paychex by 8.6% during the second quarter. Arkadios Wealth Advisors now owns 53,974 shares of the business services provider’s stock worth $7,851,000 after acquiring an additional 4,254 shares during the last quarter. MWA Asset Management grew its stake in Paychex by 6.5% in the 1st quarter. MWA Asset Management now owns 4,269 shares of the business services provider’s stock worth $659,000 after acquiring an additional 262 shares during the period. Two Point Capital Management Inc. acquired a new position in Paychex in the 2nd quarter valued at $8,761,000. Finally, Midwest Trust Co purchased a new position in shares of Paychex during the 2nd quarter worth $5,202,000. Institutional investors and hedge funds own 83.47% of the company’s stock.

Paychex Trading Up 0.3%

NASDAQ PAYX opened at $111.79 on Friday. The firm has a market capitalization of $40.23 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.68 and a beta of 0.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27. Paychex, Inc. has a one year low of $108.00 and a one year high of $161.24. The company’s 50 day moving average price is $120.05 and its 200 day moving average price is $136.35.

Paychex (NASDAQ:PAYX) last released its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. Paychex’s revenue for the quarter was up 16.8% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, sell-side analysts predict that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, November 7th. Paychex’s payout ratio is currently 97.08%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PAYX shares. TD Cowen dropped their target price on Paychex from $140.00 to $126.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. cut their price objective on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Paychex in a research report on Tuesday. Wells Fargo & Company raised shares of Paychex to a “strong sell” rating in a research report on Wednesday, October 22nd. Finally, UBS Group cut their price target on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. Thirteen investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $139.87.

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.