Aware Super Pty Ltd as trustee of Aware Super Buys New Stake in Paychex, Inc. $PAYX

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Paychex, Inc. (NASDAQ:PAYX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 135,254 shares of the business services provider’s stock, valued at approximately $12,460,000.

Other hedge funds also recently bought and sold shares of the company. Hilton Head Capital Partners LLC bought a new position in shares of Paychex during the fourth quarter valued at approximately $31,000. Cornerstone Planning Group LLC raised its stake in Paychex by 957.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 296 shares of the business services provider’s stock valued at $30,000 after buying an additional 268 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in Paychex during the 4th quarter worth approximately $33,000. Board of the Pension Protection Fund purchased a new stake in shares of Paychex during the fourth quarter valued at $34,000. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of Paychex in the fourth quarter valued at about $34,000. Institutional investors own 83.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PAYX. Robert W. Baird decreased their target price on shares of Paychex from $148.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, March 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Paychex in a research note on Friday, April 24th. JPMorgan Chase & Co. increased their price objective on Paychex from $100.00 to $105.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. BMO Capital Markets raised their target price on shares of Paychex to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Finally, Stephens decreased their target price on shares of Paychex from $125.00 to $105.00 and set an “equal weight” rating on the stock in a report on Thursday, March 26th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $105.80.

Paychex Stock Down 0.3%

Shares of NASDAQ PAYX opened at $114.39 on Friday. The company has a market capitalization of $40.98 billion, a price-to-earnings ratio of 23.39 and a beta of 0.84. Paychex, Inc. has a 1 year low of $85.45 and a 1 year high of $148.11. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50-day moving average of $100.05 and a two-hundred day moving average of $98.39.

Paychex (NASDAQ:PAYX) last released its quarterly earnings data on Wednesday, June 24th. The business services provider reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.01. Paychex had a net margin of 27.03% and a return on equity of 50.90%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the company earned $1.19 earnings per share. The firm’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. On average, analysts forecast that Paychex, Inc. will post 5.96 earnings per share for the current fiscal year.

Paychex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Tuesday, July 28th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, July 28th. Paychex’s dividend payout ratio is presently 97.34%.

Insider Transactions at Paychex

In other Paychex news, Director Joseph M. Tucci sold 3,907 shares of Paychex stock in a transaction on Friday, June 26th. The shares were sold at an average price of $98.25, for a total value of $383,862.75. Following the transaction, the director directly owned 67,364 shares in the company, valued at approximately $6,618,513. The trade was a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

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.