Robeco Institutional Asset Management B.V. Sells 42,213 Shares of Paychex, Inc. $PAYX

Robeco Institutional Asset Management B.V. decreased its holdings in Paychex, Inc. (NASDAQ:PAYX) by 55.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,710 shares of the business services provider’s stock after selling 42,213 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Paychex were worth $4,273,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Martin Capital Partners LLC grew its stake in shares of Paychex by 166.9% during the 2nd quarter. Martin Capital Partners LLC now owns 6,340 shares of the business services provider’s stock valued at $922,000 after purchasing an additional 3,965 shares during the period. Invesco Ltd. grew its position in Paychex by 6.0% during the second quarter. Invesco Ltd. now owns 4,384,846 shares of the business services provider’s stock valued at $637,820,000 after buying an additional 249,550 shares during the period. Arkadios Wealth Advisors grew its position in Paychex by 8.6% during the second quarter. Arkadios Wealth Advisors now owns 53,974 shares of the business services provider’s stock valued at $7,851,000 after buying an additional 4,254 shares during the period. Aberdeen Group plc increased its holdings in Paychex by 10.8% during the second quarter. Aberdeen Group plc now owns 255,076 shares of the business services provider’s stock valued at $36,716,000 after buying an additional 24,820 shares during the last quarter. Finally, Midwest Trust Co bought a new position in Paychex in the second quarter worth approximately $5,202,000. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Paychex Stock Performance

NASDAQ PAYX opened at $113.77 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.17. Paychex, Inc. has a twelve month low of $107.80 and a twelve month high of $161.24. The business has a 50-day moving average price of $112.60 and a 200-day moving average price of $127.49. The firm has a market cap of $40.84 billion, a price-to-earnings ratio of 25.80 and a beta of 0.91.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings results 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 company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm earned $1.14 EPS. The firm’s 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. As a group, equities research analysts predict that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PAYX shares. Wolfe Research cut their price objective on shares of Paychex from $130.00 to $115.00 and set an “underperform” rating for the company in a research report on Wednesday, December 10th. Stephens cut their price target on Paychex from $135.00 to $125.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. Citigroup decreased their price objective on Paychex from $139.00 to $120.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Cowen reiterated a “hold” rating on shares of Paychex in a research note on Monday, December 1st. Finally, Argus reduced their target price on shares of Paychex from $150.00 to $130.00 and set a “buy” rating for the company in a report on Friday, January 2nd. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $125.67.

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.