Paychex, Inc. $PAYX Shares Purchased by Swedbank AB

Swedbank AB raised its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 3.2% in the third quarter, HoldingsChannel.com reports. The firm owned 205,512 shares of the business services provider’s stock after buying an additional 6,406 shares during the period. Swedbank AB’s holdings in Paychex were worth $26,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in Paychex by 26.3% in the fourth quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock worth $801,000 after acquiring an additional 1,190 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Paychex by 3.0% in the 4th quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock worth $566,000 after purchasing an additional 117 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Paychex by 51.3% in the 1st quarter. Wellington Management Group LLP now owns 54,512 shares of the business services provider’s stock worth $8,410,000 after purchasing an additional 18,485 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Paychex during the first quarter valued at approximately $254,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Paychex by 912.2% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,409 shares of the business services provider’s stock worth $4,074,000 after buying an additional 23,800 shares in the last quarter. Institutional investors own 83.47% of the company’s stock.

Analyst Upgrades and Downgrades

PAYX has been the topic of several research reports. Cowen reaffirmed a “hold” rating on shares of Paychex in a report on Monday, December 1st. UBS Group cut their target price on Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Royal Bank Of Canada decreased their price target on Paychex from $150.00 to $125.00 and set a “sector perform” rating for the company in a research report on Friday, December 5th. Argus cut their price objective on Paychex from $170.00 to $150.00 in a report on Thursday, October 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of Paychex from $128.00 to $116.00 and set an “underweight” rating for the company in a research note on Tuesday, December 9th. Fourteen equities research 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 stock currently has a consensus rating of “Reduce” and an average price target of $127.00.

Paychex Stock Up 0.5%

NASDAQ:PAYX opened at $114.66 on Friday. The firm has a market capitalization of $41.16 billion, a price-to-earnings ratio of 26.00 and a beta of 0.91. Paychex, Inc. has a 1-year low of $108.00 and a 1-year high of $161.24. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.17. The business’s fifty day moving average price is $115.05 and its 200 day moving average price is $130.75.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings data 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 firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $1.14 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. Paychex has set its FY 2026 guidance at 5.480-5.530 EPS. On average, sell-side analysts forecast 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. Investors of record on Friday, November 7th were given 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 payout ratio is presently 97.96%.

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.