Voya Investment Management LLC Has $9.19 Million Holdings in Paychex, Inc. $PAYX

Voya Investment Management LLC decreased its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 42.7% in the third quarter, Holdings Channel reports. The fund owned 72,493 shares of the business services provider’s stock after selling 53,924 shares during the period. Voya Investment Management LLC’s holdings in Paychex were worth $9,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC increased its stake in shares of Paychex by 2.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 34,188 shares of the business services provider’s stock worth $4,334,000 after purchasing an additional 690 shares during the period. Buckhead Capital Management LLC grew its holdings in Paychex by 5.1% in the 3rd quarter. Buckhead Capital Management LLC now owns 2,682 shares of the business services provider’s stock valued at $340,000 after buying an additional 130 shares during the last quarter. Marshall Financial Group LLC grew its holdings in Paychex by 4.6% in the 3rd quarter. Marshall Financial Group LLC now owns 8,324 shares of the business services provider’s stock valued at $1,055,000 after buying an additional 368 shares during the last quarter. Peak Financial Advisors LLC acquired a new position in shares of Paychex during the third quarter worth approximately $2,153,000. Finally, Czech National Bank boosted its position in shares of Paychex by 5.1% in the third quarter. Czech National Bank now owns 82,344 shares of the business services provider’s stock valued at $10,438,000 after acquiring an additional 3,986 shares during the period. 83.47% of the stock is currently owned by institutional investors.

Paychex Price Performance

Shares of Paychex stock opened at $114.10 on Wednesday. The stock has a market capitalization of $41.06 billion, a price-to-earnings ratio of 25.87 and a beta of 0.91. The firm’s 50-day moving average price is $115.54 and its two-hundred day moving average price is $130.98. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.17. Paychex, Inc. has a 1-year low of $108.00 and a 1-year high of $161.24.

Paychex (NASDAQ:PAYX) last released its quarterly earnings results on Friday, December 19th. The business services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.03. Paychex had a return on equity of 46.38% and a net margin of 26.45%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company earned $1.14 EPS. Paychex’s revenue for the quarter was up 18.3% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.480-5.530 EPS. On average, equities analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current fiscal 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 issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a yield of 3.8%. Paychex’s dividend payout ratio is currently 97.96%.

Analysts Set New Price Targets

PAYX has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Paychex from $128.00 to $116.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 9th. BMO Capital Markets dropped their price objective on shares of Paychex from $140.00 to $121.00 and set a “market perform” rating on the stock in a report on Tuesday, December 9th. Cowen reiterated a “hold” rating on shares of Paychex in a research note on Monday, December 1st. Jefferies Financial Group set a $110.00 price target on Paychex in a research note on Friday. Finally, Wolfe Research cut their price target on Paychex from $130.00 to $115.00 and set an “underperform” rating for the company in a report on Wednesday, December 10th. Fourteen investment analysts have rated the stock with a Hold rating and three have issued 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 $127.00.

Paychex Profile

Paychex, Inc, founded in 1971 by B. Thomas “Tom” Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company’s core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers’ compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.