Hennion & Walsh Asset Management Inc. Has $2.92 Million Stock Position in Paychex, Inc. $PAYX

by · The Markets Daily

Hennion & Walsh Asset Management Inc. increased its position in Paychex, Inc. (NASDAQ:PAYX – Free Report) by 30.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,002 shares of the business services provider’s stock after purchasing an additional 5,396 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Paychex were worth $2,916,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PAYX. Brighton Jones LLC grew its stake in shares of Paychex by 1.0% during the second quarter. Brighton Jones LLC now owns 6,954 shares of the business services provider’s stock worth $1,012,000 after purchasing an additional 71 shares during the period. Sunflower Bank N.A. boosted its holdings in Paychex by 3.4% during the second quarter. Sunflower Bank N.A. now owns 2,305 shares of the business services provider’s stock worth $335,000 after buying an additional 75 shares during the last quarter. Empirical Finance LLC grew its position in shares of Paychex by 0.7% during the 2nd quarter. Empirical Finance LLC now owns 11,267 shares of the business services provider’s stock worth $1,639,000 after buying an additional 75 shares during the period. Quantum Portfolio Management LLC increased its stake in shares of Paychex by 3.1% in the 2nd quarter. Quantum Portfolio Management LLC now owns 2,464 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 75 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position 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 during the period. Institutional investors and hedge funds own 83.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stephens decreased their price objective on shares of Paychex from $135.00 to $125.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. Robert W. Baird decreased their price target on shares of Paychex from $153.00 to $148.00 and set a “neutral” rating for the company in a report on Wednesday, October 1st. Morgan Stanley lowered their price objective on shares of Paychex from $133.00 to $123.00 and set an “equal weight” rating for the company in a research report on Monday, December 22nd. BMO Capital Markets reduced their target price on Paychex from $140.00 to $121.00 and set a “market perform” rating on the stock in a report on Tuesday, December 9th. Finally, Jefferies Financial Group set a $110.00 price target on Paychex in a research report on Friday, December 19th. One research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Paychex has a consensus rating of “Reduce” and a consensus price target of $125.67.

Check Out Our Latest Analysis on Paychex

Paychex Trading Up 0.4%

NASDAQ:PAYX opened at $111.63 on Thursday. The company has a market cap of $40.07 billion, a P/E ratio of 25.31 and a beta of 0.91. Paychex, Inc. has a twelve month low of $107.80 and a twelve month high of $161.24. The business has a 50 day moving average price of $112.72 and a two-hundred day moving average price of $128.02. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.17.

Paychex (NASDAQ:PAYX – Get Free Report) last announced its quarterly earnings data on Friday, December 19th. The business services provider reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.03. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. Paychex had a net margin of 26.45% and a return on equity of 46.38%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share. Paychex has set its FY 2026 guidance at 5.480-5.530 EPS. As a group, analysts expect that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Company 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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