First Nebraska Trust Co Acquires 93,167 Shares of Paychex, Inc. $PAYX

First Nebraska Trust Co acquired a new stake in Paychex, Inc. (NASDAQ:PAYX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 93,167 shares of the business services provider’s stock, valued at approximately $9,177,000. Paychex makes up 0.8% of First Nebraska Trust Co’s portfolio, making the stock its 28th biggest holding.

A number of other institutional investors also recently modified their holdings of PAYX. EFG International AG acquired a new position in shares of Paychex during the second quarter valued at about $1,494,000. Western Wealth Management LLC acquired a new stake in shares of Paychex in the 1st quarter valued at about $1,174,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Paychex in the 2nd quarter valued at about $7,296,000. Callan Family Office LLC bought a new stake in Paychex in the 2nd quarter valued at about $2,928,000. Finally, Hourglass Capital LLC bought a new stake in Paychex in the 3rd quarter valued at about $5,776,000. Institutional investors and hedge funds own 83.47% of the company’s stock.

Insider Buying and Selling at Paychex

In related news, Director Joseph Velli sold 7,839 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $107.68, for a total transaction of $844,103.52. Following the transaction, the director directly owned 81,725 shares in the company, valued at approximately $8,800,148. The trade was a 8.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by insiders.

Paychex Trading Up 0.1%

NASDAQ PAYX opened at $115.65 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.23. The business has a fifty day simple moving average of $112.42 and a 200 day simple moving average of $103.65. Paychex, Inc. has a 12 month low of $85.45 and a 12 month high of $127.98. The firm has a market capitalization of $41.17 billion, a P/E ratio of 22.95, a PEG ratio of 2.42 and a beta of 0.81.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. Paychex had a net margin of 27.35% and a return on equity of 52.78%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same period in the previous year, the firm earned $1.22 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. Paychex has set its FY 2027 guidance at 5.896-6.006 EPS. On average, analysts predict that Paychex, Inc. will post 5.96 EPS for the current fiscal year.

Paychex Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, October 26th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, October 26th. Paychex’s dividend payout ratio (DPR) is presently 94.44%.

Wall Street Analyst Weigh In

PAYX has been the topic of a number of research reports. BMO Capital Markets dropped their price target on Paychex from $118.00 to $113.00 and set a “market perform” rating on the stock in a research note on Thursday, September 24th. Wells Fargo & Company raised their price objective on Paychex from $95.00 to $111.00 and gave the company an “underweight” rating in a research note on Wednesday, September 9th. TD Cowen reduced their price objective on Paychex from $117.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, September 25th. Stephens decreased their price objective on Paychex from $132.00 to $113.00 and set an “equal weight” rating for the company in a report on Thursday, September 24th. Finally, Raymond James Financial raised Paychex from a “market perform” rating to an “outperform” rating and set a $210.00 target price on the stock in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Paychex has an average rating of “Hold” and an average price target of $127.88.

Paychex Profile

Paychex, Inc provides payroll, human resources and employee-benefits solutions to small and medium-sized businesses. Its offerings include payroll processing, tax administration, time and attendance management, recruiting, onboarding, human resources administration, compliance support and employee benefits services.

The company also provides retirement-plan services, insurance solutions and professional employer organization services. Through its software and outsourced services, Paychex helps employers manage workforce administration, employee data and regulatory requirements.

Paychex was founded in 1971 by B.