Marshall Wace LLP Purchases 692,533 Shares of Paychex, Inc. $PAYX

Marshall Wace LLP increased its position in shares of Paychex, Inc. (NASDAQ:PAYX - Free Report) by 179.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,078,328 shares of the business services provider's stock after acquiring an additional 692,533 shares during the period. Marshall Wace LLP owned approximately 0.30% of Paychex worth $156,854,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other institutional investors and hedge funds have also bought and sold shares of the company. NewSquare Capital LLC increased its holdings in shares of Paychex by 83.8% in the second quarter. NewSquare Capital LLC now owns 215 shares of the business services provider's stock worth $31,000 after purchasing an additional 98 shares during the period. Quarry LP bought a new position in Paychex in the 1st quarter worth about $34,000. Nova Wealth Management Inc. purchased a new stake in shares of Paychex in the 1st quarter valued at about $38,000. GPS Wealth Strategies Group LLC raised its holdings in shares of Paychex by 40.6% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 263 shares of the business services provider's stock valued at $38,000 after acquiring an additional 76 shares in the last quarter. Finally, Whipplewood Advisors LLC boosted its position 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 acquiring an additional 142 shares during the last quarter. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Paychex Price Performance

PAYX stock opened at $111.76 on Friday. The firm has a market cap of $40.22 billion, a P/E ratio of 25.11 and a beta of 0.91. The firm's fifty day moving average is $118.69 and its 200 day moving average is $135.29. Paychex, Inc. has a 52 week low of $108.00 and a 52 week high of $161.24. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.27 and a current ratio of 1.27.

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Paychex (NASDAQ:PAYX - Get Free Report) last posted its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.02. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.54 billion. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The company's revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.16 earnings per share. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Research analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders 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 dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, November 7th. Paychex's dividend payout ratio is 97.08%.

Wall Street Analysts Forecast Growth

• Paychex and Cintas Show Surprising Labor Market Resilience

Several research analysts recently weighed in on PAYX shares. Argus lowered their target price on shares of Paychex from $170.00 to $150.00 in a research note on Thursday, October 2nd. TD Cowen decreased their price target on shares of Paychex from $126.00 to $114.00 and set a "hold" rating on the stock in a report on Monday. Stifel Nicolaus dropped their price objective on shares of Paychex from $142.00 to $137.00 and set a "hold" rating for the company in a report on Wednesday, October 1st. Robert W. Baird cut their target price on shares of Paychex from $153.00 to $148.00 and set a "neutral" rating for the company in a research report on Wednesday, October 1st. Finally, BMO Capital Markets lowered their price target on Paychex from $143.00 to $140.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 1st. Fourteen investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Paychex presently has an average rating of "Reduce" and a consensus price target of $139.07.

Check Out Our Latest Report on PAYX

Paychex Company Profile

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.

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