Motco Sells 1,532 Shares of Paychex, Inc. $PAYX

Motco decreased its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 3.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 38,719 shares of the business services provider’s stock after selling 1,532 shares during the quarter. Motco’s holdings in Paychex were worth $5,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC increased its position in Paychex by 1.7% during the 2nd quarter. New York Life Investment Management LLC now owns 43,557 shares of the business services provider’s stock worth $6,336,000 after buying an additional 739 shares during the period. Howard Capital Management Inc. increased its position in Paychex by 13.6% during the 2nd quarter. Howard Capital Management Inc. now owns 8,808 shares of the business services provider’s stock worth $1,281,000 after buying an additional 1,053 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Paychex by 2.1% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 32,078 shares of the business services provider’s stock worth $4,666,000 after buying an additional 650 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Paychex by 23.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 96,245 shares of the business services provider’s stock worth $14,000,000 after buying an additional 18,400 shares during the period. Finally, Advisory Alpha LLC increased its position in Paychex by 27.1% during the 2nd quarter. Advisory Alpha LLC now owns 3,843 shares of the business services provider’s stock worth $559,000 after buying an additional 820 shares during the period. Institutional investors own 83.47% of the company’s stock.

Analyst Upgrades and Downgrades

PAYX has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $130.00 price target on Paychex in a research report on Tuesday, September 30th. Citigroup initiated coverage on Paychex in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $139.00 price target on the stock. Argus decreased their price target on Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. Stifel Nicolaus decreased their price target on Paychex from $142.00 to $137.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Finally, BMO Capital Markets decreased their price target on Paychex from $143.00 to $140.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $139.87.

Paychex Stock Performance

NASDAQ:PAYX opened at $124.05 on Wednesday. The stock’s 50-day simple moving average is $130.81 and its 200 day simple moving average is $141.90. The firm has a market capitalization of $44.64 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.86 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, Inc. has a twelve month low of $119.02 and a twelve month high of $161.24.

Paychex (NASDAQ:PAYX) last released 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 business had revenue of $1.54 billion for 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%.Paychex’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $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 EPS for the current fiscal year.

Paychex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 7th will be paid a $1.08 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $4.32 annualized dividend and a yield of 3.5%. Paychex’s dividend payout ratio (DPR) is 97.08%.

About Paychex

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.