Ghe LLC Has $975,000 Stake in Paychex, Inc. $PAYX

Ghe LLC reduced its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 45.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,587 shares of the business services provider’s stock after selling 8,960 shares during the period. Ghe LLC’s holdings in Paychex were worth $975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Paychex during the 3rd quarter valued at approximately $27,000. Stance Capital LLC bought a new stake in shares of Paychex in the 3rd quarter valued at $31,000. Hilton Head Capital Partners LLC bought a new stake in shares of Paychex in the 4th quarter valued at $31,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Paychex during the third quarter worth $37,000. Finally, Cornerstone Planning Group LLC raised its stake in Paychex by 957.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 296 shares of the business services provider’s stock worth $30,000 after buying an additional 268 shares during the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

More Paychex News

Here are the key news stories impacting Paychex this week:

• Positive Sentiment: Zacks Research lifted multiple earnings estimates for Paychex (PAYX), including FY2027 and FY2029, signaling improved profit expectations and a potentially supportive outlook for the stock.
• Positive Sentiment: Paychex was highlighted among the Nasdaq 100’s highest-yielding stocks, which may attract income-focused investors looking for defensive dividend names.
• Neutral Sentiment: Short-interest data showed no reported short interest, so there is no clear evidence of a meaningful bearish positioning shift in the shares.
• Negative Sentiment: A separate article said Paychex (PAYX) could be as much as 38% below fair value after removal from the Russell Growth Index, suggesting the recent move may be partly tied to index-related repricing and raising valuation concerns. Article Title

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Cowen lifted their price objective on Paychex from $94.00 to $98.00 and gave the stock a “hold” rating in a research report on Monday, June 8th. Argus raised Paychex to a “strong-buy” rating in a research note on Friday, March 27th. BMO Capital Markets boosted their price target on Paychex to $52.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Morgan Stanley increased their price target on Paychex from $107.00 to $109.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. Finally, Guggenheim initiated coverage on shares of Paychex in a research report on Thursday, March 19th. They set a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $105.80.

Paychex Price Performance

PAYX stock opened at $107.54 on Monday. The firm has a market capitalization of $38.53 billion, a PE ratio of 21.99 and a beta of 0.84. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. Paychex, Inc. has a twelve month low of $85.45 and a twelve month high of $148.11. The stock’s 50 day moving average is $98.16 and its 200-day moving average is $98.37.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Wednesday, June 24th. The business services provider reported $1.32 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $1.60 billion. During the same quarter last year, the business posted $1.19 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. Sell-side analysts expect that Paychex, Inc. will post 5.96 EPS for the current fiscal year.

Paychex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th were issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 4.4%. This is a positive change from Paychex’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend was Wednesday, May 13th. Paychex’s dividend payout ratio is currently 97.34%.

Insider Transactions at Paychex

In other news, Director Joseph M. Tucci sold 3,907 shares of Paychex stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $98.25, for a total value of $383,862.75. Following the completion of the transaction, the director owned 67,364 shares in the company, valued at $6,618,513. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is owned by corporate insiders.

Paychex Profile

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.