Paychex, Inc. $PAYX Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC increased its holdings in Paychex, Inc. (NASDAQ:PAYX) by 18.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 67,903 shares of the business services provider’s stock after buying an additional 10,386 shares during the period. Tectonic Advisors LLC’s holdings in Paychex were worth $8,607,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heartwood Wealth Advisors LLC acquired a new stake in shares of Paychex in the third quarter worth $25,000. NewSquare Capital LLC lifted its position in 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 during the period. Quarry LP purchased a new stake in Paychex in the first quarter valued at $34,000. Nova Wealth Management Inc. acquired a new stake in Paychex during the 1st quarter worth about $38,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Paychex by 40.6% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 263 shares of the business services provider’s stock valued at $38,000 after buying an additional 76 shares during the last quarter. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Cowen reissued a “hold” rating on shares of Paychex in a report on Monday, December 1st. Wolfe Research decreased their price target on Paychex from $130.00 to $115.00 and set an “underperform” rating for the company in a report on Wednesday, December 10th. BMO Capital Markets lowered their price objective on Paychex from $140.00 to $121.00 and set a “market perform” rating on the stock in a research report on Tuesday, December 9th. Morgan Stanley dropped their price objective on shares of Paychex from $133.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Monday, December 22nd. Finally, Robert W. Baird decreased their target price on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating for the company in a research note on Wednesday, October 1st. Fourteen investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $127.00.

Paychex Stock Down 1.1%

Shares of PAYX opened at $112.18 on Friday. The firm has a market cap of $40.27 billion, a P/E ratio of 25.44 and a beta of 0.91. Paychex, Inc. has a 12 month low of $108.00 and a 12 month high of $161.24. The stock’s 50 day moving average is $113.72 and its two-hundred day moving average is $129.32. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 1.17.

Paychex (NASDAQ:PAYX) last announced its earnings results on Friday, December 19th. The business services provider reported $1.26 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $1.14 EPS. The business’s revenue was up 18.3% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.480-5.530 EPS. Analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th were given a $1.08 dividend. The ex-dividend date was Friday, November 7th. This represents a $4.32 annualized dividend and a dividend yield of 3.9%. Paychex’s dividend payout ratio (DPR) is 97.96%.

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.