Sumitomo Mitsui DS Asset Management Company Ltd Buys 420 Shares of Paychex, Inc. (NASDAQ:PAYX)

03 Jul 2025, 09:52 by Tristan Rich · The Markets Daily

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Paychex, Inc. (NASDAQ:PAYX – Free Report) by 1.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,049 shares of the business services provider’s stock after purchasing an additional 420 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Paychex were worth $5,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PAYX. Meeder Asset Management Inc. increased its holdings in Paychex by 220.7% in the 4th quarter. Meeder Asset Management Inc. now owns 186 shares of the business services provider’s stock worth $26,000 after purchasing an additional 128 shares in the last quarter. WealthTrak Capital Management LLC bought a new stake in shares of Paychex during the fourth quarter worth about $28,000. Millstone Evans Group LLC acquired a new position in shares of Paychex in the fourth quarter valued at approximately $33,000. Alpine Bank Wealth Management bought a new position in Paychex in the 1st quarter valued at approximately $34,000. Finally, MorganRosel Wealth Management LLC acquired a new stake in Paychex during the 1st quarter worth approximately $34,000. 83.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Joseph M. Velli sold 3,650 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $149.25, for a total transaction of $544,762.50. Following the transaction, the director owned 78,455 shares of the company’s stock, valued at $11,709,408.75. This represents a 4.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.40% of the company’s stock.

Paychex Stock Performance

Shares of Paychex stock opened at $145.96 on Thursday. The business has a 50-day moving average price of $151.97 and a two-hundred day moving average price of $147.87. Paychex, Inc. has a 1-year low of $115.40 and a 1-year high of $161.24. The company has a current ratio of 1.28, a quick ratio of 1.39 and a debt-to-equity ratio of 1.10. The company has a market cap of $52.57 billion, a P/E ratio of 31.94, a PEG ratio of 3.30 and a beta of 0.88.

Paychex (NASDAQ:PAYX – Get Free Report) last released its earnings results on Wednesday, June 25th. The business services provider reported $1.19 EPS for the quarter, hitting the consensus estimate of $1.19. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Paychex had a return on equity of 45.01% and a net margin of 29.75%. During the same quarter last year, the firm posted $1.12 earnings per share. As a group, analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 12th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.96%. This is a boost from Paychex’s previous quarterly dividend of $0.98. The ex-dividend date was Monday, May 12th. Paychex’s dividend payout ratio (DPR) is presently 90.00%.

Analysts Set New Price Targets

PAYX has been the subject of several analyst reports. Morgan Stanley dropped their price target on shares of Paychex from $150.00 to $148.00 and set an “equal weight” rating for the company in a research note on Friday, June 27th. Stifel Nicolaus decreased their price objective on Paychex from $156.00 to $152.00 and set a “hold” rating for the company in a report on Thursday, June 26th. Barclays set a $155.00 target price on Paychex and gave the stock an “equal weight” rating in a research report on Tuesday, June 24th. Royal Bank Of Canada set a $165.00 price target on Paychex and gave the company a “sector perform” rating in a research report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. increased their price target on Paychex from $140.00 to $148.00 and gave the company an “underweight” rating in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. Based on data from MarketBeat, Paychex presently has an average rating of “Hold” and a consensus target price of $149.11.

Read Our Latest Analysis on Paychex

Paychex Profile

(Free Report)

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.