Corient Private Wealth LLC Sells 37,125 Shares of Paychex, Inc. $PAYX

Corient Private Wealth LLC decreased its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 823,580 shares of the business services provider’s stock after selling 37,125 shares during the quarter. Corient Private Wealth LLC’s holdings in Paychex were worth $119,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Paychex by 26.3% during the fourth quarter. Brighton Jones LLC now owns 5,710 shares of the business services provider’s stock worth $801,000 after purchasing an additional 1,190 shares during the period. Bison Wealth LLC boosted its holdings in Paychex by 3.0% during the fourth quarter. Bison Wealth LLC now owns 4,035 shares of the business services provider’s stock worth $566,000 after buying an additional 117 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of Paychex by 0.5% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 45,400 shares of the business services provider’s stock worth $7,004,000 after buying an additional 239 shares during the period. Horizon Investments LLC increased its stake in shares of Paychex by 3.7% in the 1st quarter. Horizon Investments LLC now owns 6,337 shares of the business services provider’s stock valued at $971,000 after acquiring an additional 227 shares during the last quarter. Finally, Aberdeen Group plc raised its position in shares of Paychex by 109.2% in the 1st quarter. Aberdeen Group plc now owns 230,256 shares of the business services provider’s stock valued at $35,030,000 after acquiring an additional 120,216 shares during the period. 83.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Paychex from $142.00 to $137.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Stephens raised shares of Paychex to a “hold” rating in a research report on Tuesday, October 7th. UBS Group decreased their price target on shares of Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. TD Cowen dropped their price objective on Paychex from $126.00 to $114.00 and set a “hold” rating on the stock in a research note on Monday, December 1st. Finally, Wolfe Research reduced their target price on Paychex from $130.00 to $115.00 and set an “underperform” rating on the stock in a report on Wednesday, December 10th. Fourteen investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Paychex has a consensus rating of “Reduce” and an average price target of $131.87.

Paychex Trading Up 0.7%

Shares of NASDAQ:PAYX opened at $115.45 on Monday. Paychex, Inc. has a 12 month low of $108.00 and a 12 month high of $161.24. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $117.18 and its 200 day simple moving average is $133.14. The firm has a market cap of $41.55 billion, a price-to-earnings ratio of 25.94 and a beta of 0.91.

Paychex (NASDAQ:PAYX) last announced its earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.02. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 EPS. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. As a group, research analysts forecast that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, November 7th. Paychex’s dividend payout ratio is currently 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.