Paychex (NASDAQ:PAYX) Shares Acquired Rep. April McClain Delaney

Representative April McClain Delaney (D-Maryland) recently bought shares of Paychex, Inc. NASDAQ: PAYX. In a filing disclosed on March 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Paychex stock on February 5th.

Representative April McClain Delaney also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Revvity NYSE: RVTY on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of Laboratory Co. of America NYSE: LH on 2/28/2025.
• Purchased $15,001 - $50,000 in shares of Corpay NYSE: CPAY on 2/28/2025.
• Sold $1,001 - $15,000 in shares of Tempur Sealy International NYSE: TPX on 2/28/2025.
• Purchased $1,001 - $15,000 in shares of CACI International NYSE: CACI on 2/27/2025.
• Purchased $1,001 - $15,000 in shares of Laboratory Co. of America NYSE: LH on 2/27/2025.
• Purchased $1,001 - $15,000 in shares of Paychex NASDAQ: PAYX on 2/27/2025.
• Sold $15,001 - $50,000 in shares of Teledyne Technologies NYSE: TDY on 2/22/2025.
• Purchased $1,001 - $15,000 in shares of Corpay NYSE: CPAY on 2/22/2025.
• Sold $1,001 - $15,000 in shares of Tempur Sealy International NYSE: TPX on 2/22/2025.

Paychex Stock Performance

Paychex stock traded down $0.70 during mid-day trading on Tuesday, reaching $144.13. 3,167,731 shares of the company's stock were exchanged, compared to its average volume of 1,782,556. The business's fifty day simple moving average is $147.86 and its 200 day simple moving average is $142.89. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.20. Paychex, Inc. has a one year low of $114.72 and a one year high of $158.37. The firm has a market capitalization of $51.90 billion, a PE ratio of 30.34, a P/E/G ratio of 4.10 and a beta of 0.98.

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Paychex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Friday, February 7th were given a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, February 7th. Paychex's payout ratio is 82.53%.

Institutional Investors Weigh In On Paychex

A number of hedge funds and other institutional investors have recently bought and sold shares of PAYX. Natixis Advisors LLC boosted its stake in Paychex by 1.4% in the 3rd quarter. Natixis Advisors LLC now owns 99,970 shares of the business services provider's stock worth $13,415,000 after purchasing an additional 1,424 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Paychex by 0.9% in the third quarter. Thrivent Financial for Lutherans now owns 30,548 shares of the business services provider's stock worth $4,099,000 after buying an additional 285 shares in the last quarter. Quest Partners LLC bought a new position in shares of Paychex in the third quarter valued at approximately $36,000. Prospera Financial Services Inc grew its stake in Paychex by 2.3% during the third quarter. Prospera Financial Services Inc now owns 33,415 shares of the business services provider's stock valued at $4,485,000 after acquiring an additional 736 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in Paychex by 7.2% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,628 shares of the business services provider's stock worth $755,000 after acquiring an additional 380 shares during the period. Institutional investors own 83.47% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group lifted their target price on Paychex from $152.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 4th. Barclays lifted their price objective on shares of Paychex from $135.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, December 23rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $148.00 target price on shares of Paychex in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $133.23.

About Representative McClain Delaney

April McClain-Delaney (Democratic Party) is a member of the U.S. House, representing Maryland's 6th Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. McClain-Delaney (Democratic Party) is running for re-election to the U.S. House to represent Maryland's 6th Congressional District. She declared candidacy for the 2026 election. April McClain-Delaney grew up in Buhl, Idaho, where her father was a potato farmer. She obtained her bachelor's degree in communications from Northwestern University in 1986 and her law degree from Georgetown Law Center in 1989. McClain-Delaney worked in communications law, first with the satellite firm Orion Network Systems and later as the Washington director for Common Sense Media, a nonprofit focused on technology and children. In 2022, McClain-Delaney joined the U.S. Department of Commerce under President Joe Biden (D) as deputy assistant secretary for communications and information. McClain-Delaney served on the board of the Georgetown University Law Center, the International Center for Research on Women, and the Northwestern University School of Communications.

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.