Osaic Holdings Inc. Has $16.53 Million Stock Holdings in Paychex, Inc. $PAYX

by · The Markets Daily

Osaic Holdings Inc. raised its stake in Paychex, Inc. (NASDAQ:PAYX – Free Report) by 13.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,005 shares of the business services provider’s stock after purchasing an additional 13,214 shares during the period. Osaic Holdings Inc.’s holdings in Paychex were worth $16,533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. NewSquare Capital LLC increased its position in Paychex by 83.8% in the 2nd quarter. NewSquare Capital LLC now owns 215 shares of the business services provider’s stock valued at $31,000 after buying an additional 98 shares in the last quarter. Quarry LP bought a new position in Paychex in the first quarter worth approximately $34,000. Nova Wealth Management Inc. acquired a new stake in Paychex in the first quarter valued at approximately $38,000. GPS Wealth Strategies Group LLC increased its holdings in shares of Paychex by 40.6% during the second 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 raised its position in shares of Paychex by 94.0% during the second quarter. Whipplewood Advisors LLC now owns 293 shares of the business services provider’s stock worth $43,000 after purchasing an additional 142 shares during the period. Institutional investors own 83.47% of the company’s stock.

Paychex Price Performance

Shares of NASDAQ PAYX opened at $114.24 on Friday. The company has a market capitalization of $41.11 billion, a PE ratio of 25.67 and a beta of 0.91. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. The stock’s 50 day moving average price is $116.35 and its 200-day moving average price is $132.31. Paychex, Inc. has a twelve month low of $108.00 and a twelve month high of $161.24.

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

Paychex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Friday, November 7th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, November 7th. Paychex’s payout ratio is 97.08%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Paychex from $153.00 to $140.00 and set an “underweight” rating on the stock in a report on Wednesday, October 1st. Wolfe Research dropped their price objective on shares of Paychex from $130.00 to $115.00 and set an “underperform” rating on the stock in a research note on Wednesday, December 10th. Robert W. Baird decreased 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. Morgan Stanley upped their target price on shares of Paychex from $132.00 to $133.00 and gave the stock an “equal weight” rating in a report on Monday, October 20th. Finally, Royal Bank Of Canada dropped their price target on shares of Paychex from $150.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Friday, December 5th. Fourteen analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $131.13.

Check Out Our Latest Research Report on PAYX

Paychex Company 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.

Further Reading

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