Yousif Capital Management LLC Sells 6,410 Shares of Paychex, Inc. $PAYX

by · The Markets Daily

Yousif Capital Management LLC lowered its stake in Paychex, Inc. (NASDAQ:PAYX – Free Report) by 14.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,189 shares of the business services provider’s stock after selling 6,410 shares during the quarter. Yousif Capital Management LLC’s holdings in Paychex were worth $4,968,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of Paychex by 1.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,870 shares of the business services provider’s stock valued at $1,378,000 after purchasing an additional 195 shares during the last quarter. Security Financial Services INC. boosted its position in Paychex by 6.3% in the third quarter. Security Financial Services INC. now owns 2,939 shares of the business services provider’s stock valued at $373,000 after buying an additional 173 shares in the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Paychex by 25.2% during the third quarter. HBK Sorce Advisory LLC now owns 11,424 shares of the business services provider’s stock worth $1,446,000 after buying an additional 2,299 shares during the last quarter. OFI Invest Asset Management grew its stake in shares of Paychex by 34.7% during the third quarter. OFI Invest Asset Management now owns 897 shares of the business services provider’s stock worth $114,000 after buying an additional 231 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Paychex by 14.3% during the third quarter. Exchange Traded Concepts LLC now owns 15,857 shares of the business services provider’s stock worth $2,010,000 after buying an additional 1,984 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Paychex Price Performance

Shares of PAYX opened at $114.66 on Thursday. The business has a 50-day moving average of $115.28 and a 200-day moving average of $130.87. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $41.16 billion, a price-to-earnings ratio of 26.00 and a beta of 0.91. Paychex, Inc. has a 1 year low of $108.00 and a 1 year high of $161.24.

Paychex (NASDAQ:PAYX – Get Free Report) last announced its earnings results on Friday, December 19th. The business services provider reported $1.26 EPS for the quarter, beating 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 business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The firm’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. As a group, equities research analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 7th were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, November 7th. Paychex’s dividend payout ratio (DPR) is currently 97.96%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PAYX shares. BMO Capital Markets cut their price objective on Paychex from $140.00 to $121.00 and set a “market perform” rating on the stock in a report on Tuesday, December 9th. Wolfe Research reduced their price target on Paychex from $130.00 to $115.00 and set an “underperform” rating on the stock in a report on Wednesday, December 10th. JPMorgan Chase & Co. dropped their price objective on shares of Paychex from $140.00 to $125.00 and set an “underweight” rating for the company in a report on Monday. Argus cut their target price on shares of Paychex from $170.00 to $150.00 in a research report on Thursday, October 2nd. Finally, Morgan Stanley reduced their target price on shares of Paychex from $133.00 to $123.00 and set an “equal weight” rating on the stock in a report on Monday. Fourteen analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $127.00.

Check Out Our Latest Stock Analysis on PAYX

Paychex Profile

(Free Report)

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.

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