Catalyst Capital Advisors LLC Sells 133 Shares of Paychex, Inc. $PAYX

Catalyst Capital Advisors LLC cut its stake in shares of Paychex, Inc. (NASDAQ:PAYX) by 16.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 673 shares of the business services provider’s stock after selling 133 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Paychex were worth $98,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MorganRosel Wealth Management LLC bought a new position in shares of Paychex during the first quarter valued at $34,000. Quarry LP bought a new stake in Paychex in the 1st quarter worth about $34,000. Tsfg LLC increased its holdings in Paychex by 122.3% in the 1st quarter. Tsfg LLC now owns 229 shares of the business services provider’s stock worth $35,000 after buying an additional 126 shares in the last quarter. Nova Wealth Management Inc. bought a new stake in Paychex in the 1st quarter worth about $38,000. Finally, Bogart Wealth LLC increased its holdings in Paychex by 32.5% in the 2nd quarter. Bogart Wealth LLC now owns 379 shares of the business services provider’s stock worth $55,000 after buying an additional 93 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors.

Paychex Stock Performance

NASDAQ PAYX opened at $124.60 on Friday. The company has a market cap of $44.84 billion, a P/E ratio of 28.00, a P/E/G ratio of 2.85 and a beta of 0.92. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27. The business’s 50 day moving average price is $131.36 and its 200-day moving average price is $142.22. Paychex, Inc. has a fifty-two week low of $119.02 and a fifty-two week high of $161.24.

Paychex (NASDAQ:PAYX) last released its earnings results 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 firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. Paychex had a return on equity of 45.17% and a net margin of 27.85%.The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Sell-side analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current 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 issued a dividend of $1.08 per share. The ex-dividend date is Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a yield of 3.5%. Paychex’s payout ratio is presently 97.08%.

Analysts Set New Price Targets

Several research firms recently commented on PAYX. Stifel Nicolaus reduced their price objective on Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Wells Fargo & Company raised Paychex to a “strong sell” rating in a research report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Paychex in a report on Saturday. UBS Group lowered their price target on Paychex from $140.00 to $132.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Finally, Jefferies Financial Group set a $130.00 price objective on Paychex in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $139.87.

Paychex Company Profile

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.