Nisa Investment Advisors LLC Acquires 9,517 Shares of Paychex, Inc. $PAYX

Nisa Investment Advisors LLC boosted its holdings in shares of Paychex, Inc. (NASDAQ:PAYX) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,126 shares of the business services provider’s stock after acquiring an additional 9,517 shares during the period. Nisa Investment Advisors LLC’s holdings in Paychex were worth $14,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAYX. Heartwood Wealth Advisors LLC bought a new position in shares of Paychex during the third quarter valued at $25,000. NewSquare Capital LLC lifted its holdings in shares of Paychex by 83.8% during the second quarter. NewSquare Capital LLC now owns 215 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 98 shares in the last quarter. Nova Wealth Management Inc. bought a new position in Paychex during the 1st quarter valued at about $38,000. GPS Wealth Strategies Group LLC lifted its position in Paychex by 40.6% during the second quarter. GPS Wealth Strategies Group LLC now owns 263 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 76 shares during the period. Finally, Whipplewood Advisors LLC lifted its holdings 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 buying an additional 142 shares during the period. 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 business’s 50 day moving average price is $112.60 and its 200-day moving average price is $127.66. Paychex, Inc. has a fifty-two week low of $107.80 and a fifty-two week high of $161.24. The company has a market cap of $40.84 billion, a P/E ratio of 25.80 and a beta of 0.91. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.27 and a current ratio of 1.27.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Friday, December 19th. The business services provider reported $1.26 EPS for the quarter, topping the consensus estimate of $1.23 by $0.03. Paychex had a net margin of 26.45% and a return on equity of 46.38%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. Paychex’s quarterly 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. Sell-side analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley dropped their target price on Paychex from $133.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday, December 22nd. Stephens dropped their price target on shares of Paychex from $135.00 to $125.00 and set an “equal weight” rating for the company in a research report on Monday, December 22nd. Cowen restated a “hold” rating on shares of Paychex in a research report on Monday, December 1st. TD Cowen lowered their price target on Paychex from $126.00 to $114.00 and set a “hold” rating on the stock in a report on Monday, December 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Paychex from $140.00 to $125.00 and set an “underweight” rating for the company in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $125.67.

Paychex Company 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.