Paychex, Inc. $PAYX Shares Sold by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC lowered its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 3,834 shares of the business services provider’s stock after selling 165 shares during the period. Brown Miller Wealth Management LLC’s holdings in Paychex were worth $558,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PAYX. Vanguard Group Inc. boosted its stake in Paychex by 0.9% in the first quarter. Vanguard Group Inc. now owns 31,807,843 shares of the business services provider’s stock valued at $4,907,314,000 after acquiring an additional 286,818 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Paychex by 7.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,782,173 shares of the business services provider’s stock valued at $1,663,474,000 after purchasing an additional 737,542 shares during the period. Northern Trust Corp grew its stake in Paychex by 3.8% during the 1st quarter. Northern Trust Corp now owns 4,989,182 shares of the business services provider’s stock worth $769,731,000 after buying an additional 181,628 shares during the last quarter. Invesco Ltd. grew its stake in Paychex by 0.7% during the 1st quarter. Invesco Ltd. now owns 4,135,296 shares of the business services provider’s stock worth $637,993,000 after buying an additional 30,670 shares during the last quarter. Finally, Select Equity Group L.P. increased its position in Paychex by 99.0% during the first quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider’s stock worth $539,102,000 after buying an additional 1,738,372 shares during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.

Paychex Trading Up 1.0%

Shares of PAYX opened at $124.61 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.27 and a quick ratio of 1.28. Paychex, Inc. has a 1-year low of $119.02 and a 1-year high of $161.24. The stock has a market cap of $44.85 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.85 and a beta of 0.92. The firm has a 50 day simple moving average of $135.66 and a 200-day simple moving average of $144.37.

Paychex (NASDAQ:PAYX) last released its quarterly earnings results 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. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. Paychex had a return on equity of 45.17% and a net margin of 27.85%.Paychex’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Equities analysts forecast that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Announces Dividend

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

Wall Street Analysts Forecast Growth

PAYX has been the topic of a number of research reports. UBS Group lowered their target price on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday. Barclays set a $155.00 price target on shares of Paychex and gave the stock an “equal weight” rating in a research note on Tuesday, June 24th. Robert W. Baird dropped their price objective on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating on the stock in a research note on Wednesday. Jefferies Financial Group set a $130.00 target price on shares of Paychex in a report on Tuesday. Finally, Royal Bank Of Canada set a $165.00 price target on Paychex and gave the stock a “sector perform” rating in a report on Tuesday, June 24th. Twelve analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $142.77.

Insider Transactions at Paychex

In other news, CEO John B. Gibson sold 12,370 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $141.92, for a total value of $1,755,550.40. Following the completion of the transaction, the chief executive officer owned 81,755 shares of the company’s stock, valued at $11,602,669.60. The trade was a 13.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Martin Mucci sold 97,526 shares of the firm’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $145.17, for a total transaction of $14,157,849.42. Following the sale, the chairman owned 446,917 shares in the company, valued at approximately $64,878,940.89. This trade represents a 17.91% decrease in their position. The disclosure for this sale can be found here. 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.