MOKAN Wealth Management Inc. Buys 604 Shares of Paychex, Inc. $PAYX

MOKAN Wealth Management Inc. grew its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 7.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,929 shares of the business services provider’s stock after acquiring an additional 604 shares during the period. MOKAN Wealth Management Inc.’s holdings in Paychex were worth $1,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its holdings in Paychex by 118.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 136,876 shares of the business services provider’s stock worth $21,117,000 after buying an additional 74,245 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Paychex by 32.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 119,291 shares of the business services provider’s stock worth $18,404,000 after buying an additional 29,320 shares during the period. Martin Capital Partners LLC boosted its holdings in Paychex by 166.9% in 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 boosted its holdings 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 buying an additional 262 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Paychex in the 1st quarter worth approximately $832,000. 83.47% of the stock is owned by institutional investors.

Paychex Stock Performance

Paychex stock opened at $125.55 on Monday. The firm’s fifty day moving average price is $133.78 and its 200-day moving average price is $143.63. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $45.18 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 2.87 and a beta of 0.92. Paychex, Inc. has a fifty-two week low of $119.02 and a fifty-two week high of $161.24.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Tuesday, September 30th. The business services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company posted $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, equities research analysts expect that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, November 7th. This represents a $4.32 annualized dividend and a dividend yield of 3.4%. Paychex’s dividend payout ratio (DPR) is 97.08%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barclays set a $155.00 price objective on shares of Paychex and gave the stock an “equal weight” rating in a report on Tuesday, June 24th. Stephens raised shares of Paychex to a “hold” rating in a report on Tuesday, October 7th. Wolfe Research lowered their target price on shares of Paychex from $145.00 to $140.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. BMO Capital Markets lowered their target price on shares of Paychex from $143.00 to $140.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $141.29.

Insider Buying and Selling at Paychex

In other news, CEO John B. Gibson sold 12,370 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were 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 approximately $11,602,669.60. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

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.