Paychex, Inc. $PAYX Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,916 shares of the business services provider’s stock after selling 91 shares during the quarter. International Assets Investment Management LLC’s holdings in Paychex were worth $424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PAYX. Brighton Jones LLC lifted its stake in shares of Paychex by 26.3% during the fourth quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock worth $801,000 after purchasing an additional 1,190 shares in the last quarter. Bison Wealth LLC lifted its stake in shares of Paychex by 3.0% in the fourth quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock worth $566,000 after acquiring an additional 117 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Paychex by 31.8% in the first quarter. GAMMA Investing LLC now owns 7,474 shares of the business services provider’s stock worth $1,153,000 after acquiring an additional 1,804 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of Paychex by 76.7% in the first quarter. Continuum Advisory LLC now owns 1,067 shares of the business services provider’s stock worth $165,000 after acquiring an additional 463 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Paychex by 7.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,607 shares of the business services provider’s stock worth $1,174,000 after acquiring an additional 502 shares in the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

Analyst Ratings Changes

PAYX has been the topic of several recent analyst reports. UBS Group cut their price target 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. cut their price target on Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 1st. Stephens upgraded Paychex to a “hold” rating in a research note on Tuesday, October 7th. Wells Fargo & Company began coverage on Paychex in a research note on Tuesday. They issued an “underweight” rating and a $128.00 price target on the stock. Finally, Weiss Ratings upgraded Paychex from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $140.47.

Paychex Trading Down 0.7%

Shares of NASDAQ PAYX opened at $126.61 on Thursday. The stock’s 50 day moving average price is $131.89 and its two-hundred day moving average price is $142.38. Paychex, Inc. has a 52-week low of $119.02 and a 52-week high of $161.24. The stock has a market capitalization of $45.57 billion, a P/E ratio of 28.45, a PEG ratio of 2.92 and a beta of 0.92. 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 (NASDAQ:PAYX) last posted its earnings results on Tuesday, September 30th. The business services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.20 by $0.02. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The business’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. On average, analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Dividend Announcement

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

Paychex 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.