Nordea Investment Management AB Acquires 414,196 Shares of Paychex, Inc. $PAYX

Nordea Investment Management AB lifted its holdings in Paychex, Inc. (NASDAQ:PAYX) by 48.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,260,376 shares of the business services provider’s stock after acquiring an additional 414,196 shares during the period. Nordea Investment Management AB’s holdings in Paychex were worth $155,341,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Paychex by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 32,215,957 shares of the business services provider’s stock worth $4,686,133,000 after purchasing an additional 408,114 shares in the last quarter. State Street Corp boosted its stake in shares of Paychex by 2.6% in the second quarter. State Street Corp now owns 14,066,067 shares of the business services provider’s stock valued at $2,046,050,000 after buying an additional 355,294 shares during the period. Charles Schwab Investment Management Inc. grew its position in Paychex by 2.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 11,033,312 shares of the business services provider’s stock worth $1,604,906,000 after buying an additional 251,139 shares in the last quarter. Geode Capital Management LLC increased its stake in Paychex by 2.8% during the 2nd quarter. Geode Capital Management LLC now owns 10,183,871 shares of the business services provider’s stock worth $1,481,053,000 after acquiring an additional 274,947 shares during the period. Finally, Invesco Ltd. raised its holdings in Paychex by 6.0% in the 2nd quarter. Invesco Ltd. now owns 4,384,846 shares of the business services provider’s stock valued at $637,820,000 after acquiring an additional 249,550 shares in the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PAYX. TD Cowen reduced their price target on shares of Paychex from $126.00 to $114.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paychex in a report on Monday, December 29th. UBS Group lowered their price target on Paychex from $140.00 to $132.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. Stephens reduced their price objective on Paychex from $135.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Monday, December 22nd. Finally, Cowen reissued a “hold” rating on shares of Paychex in a report on Monday, December 1st. One research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $125.67.

Paychex Price Performance

Shares of PAYX opened at $109.66 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.17. The stock has a market cap of $39.36 billion, a PE ratio of 24.87 and a beta of 0.91. Paychex, Inc. has a 12-month low of $107.80 and a 12-month high of $161.24. The business has a 50-day simple moving average of $112.44 and a two-hundred day simple moving average of $126.97.

Paychex (NASDAQ:PAYX) last released its quarterly earnings results on Friday, December 19th. The business services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.03. Paychex had a return on equity of 46.38% and a net margin of 26.45%.The company had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The business’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. Analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

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.