Vise Technologies Inc. Purchases Shares of 11,680 Paychex, Inc. $PAYX

Vise Technologies Inc. purchased a new position in Paychex, Inc. (NASDAQ:PAYX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,680 shares of the business services provider’s stock, valued at approximately $1,699,000.

A number of other large investors have also recently made changes to their positions in PAYX. NewSquare Capital LLC increased its holdings in Paychex by 83.8% in the 2nd quarter. NewSquare Capital LLC now owns 215 shares of the business services provider’s stock worth $31,000 after acquiring an additional 98 shares in the last quarter. Quarry LP bought a new position in shares of Paychex in the first quarter worth approximately $34,000. Nova Wealth Management Inc. purchased a new stake in shares of Paychex in the first quarter worth $38,000. GPS Wealth Strategies Group LLC increased its stake in shares of Paychex by 40.6% in the second quarter. GPS Wealth Strategies Group LLC now owns 263 shares of the business services provider’s stock worth $38,000 after purchasing an additional 76 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its position in shares of Paychex by 94.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 293 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 142 shares during the period. 83.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. BMO Capital Markets dropped their price objective on Paychex from $143.00 to $140.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Stifel Nicolaus lowered their price target 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. Jefferies Financial Group set a $130.00 target price on shares of Paychex in a research note on Tuesday, September 30th. Citigroup began coverage on Paychex in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $139.00 price objective on the stock. Finally, Weiss Ratings cut Paychex from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday. Thirteen analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $139.87.

Paychex Stock Performance

PAYX opened at $111.64 on Wednesday. Paychex, Inc. has a 52-week low of $110.16 and a 52-week high of $161.24. The firm’s 50-day moving average price is $126.00 and its 200-day moving average price is $139.75. 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 has a market cap of $40.18 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 2.68 and a beta of 0.93.

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

Paychex Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Friday, November 7th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, November 7th. Paychex’s payout ratio is presently 97.08%.

Paychex 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.