212,096 Shares in Paychex, Inc. $PAYX Acquired by Windsor Advisory Group LLC

Windsor Advisory Group LLC purchased a new stake in Paychex, Inc. (NASDAQ:PAYX) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 212,096 shares of the business services provider’s stock, valued at approximately $20,855,000. Paychex accounts for approximately 15.1% of Windsor Advisory Group LLC’s investment portfolio, making the stock its 2nd biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PAYX. Cornerstone Planning Group LLC boosted its position in shares of Paychex by 957.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 296 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 268 shares during the period. Hilton Head Capital Partners LLC bought a new position in Paychex during the fourth quarter worth about $31,000. Kingdom Financial Group LLC. acquired a new position in shares of Paychex during the 4th quarter worth approximately $33,000. Leonteq Securities AG increased its holdings in shares of Paychex by 2,669.2% during the first quarter. Leonteq Securities AG now owns 360 shares of the business services provider’s stock worth $33,000 after purchasing an additional 347 shares during the period. Finally, Acumen Wealth Advisors LLC bought a new position in shares of Paychex during the fourth quarter worth approximately $34,000. 83.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAYX has been the subject of several recent research reports. UBS Group boosted their price target on Paychex from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, July 22nd. Stifel Nicolaus raised their price objective on Paychex from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, June 17th. TD Cowen lifted their price objective on Paychex from $94.00 to $98.00 and gave the company a “hold” rating in a report on Monday, June 8th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Paychex in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. increased their target price on Paychex from $100.00 to $105.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Paychex currently has an average rating of “Hold” and an average target price of $109.20.

Insider Activity at Paychex

In related news, CFO Robert L. Schrader sold 2,600 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $115.09, for a total value of $299,234.00. Following the completion of the transaction, the chief financial officer owned 18,547 shares of the company’s stock, valued at $2,134,574.23. This represents a 12.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph M. Tucci sold 3,907 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $98.25, for a total transaction of $383,862.75. Following the completion of the sale, the director owned 67,364 shares in the company, valued at $6,618,513. This represents a 5.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by corporate insiders.

Paychex Stock Performance

Paychex stock opened at $124.88 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. The stock has a market cap of $44.42 billion, a PE ratio of 25.54 and a beta of 0.81. Paychex, Inc. has a 12-month low of $85.45 and a 12-month high of $139.53. The business’s 50-day moving average price is $112.62 and its two-hundred day moving average price is $100.57.

Paychex (NASDAQ:PAYX) last posted its earnings results on Wednesday, June 24th. The business services provider reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.01. Paychex had a net margin of 27.03% and a return on equity of 50.90%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. As a group, analysts expect that Paychex, Inc. will post 5.96 earnings per share for the current fiscal year.

Paychex Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, July 28th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, July 28th. Paychex’s dividend payout ratio is currently 97.34%.

About Paychex

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.