Rep. Robert Bresnahan, Jr. Sells Off Shares of Paychex, Inc. (NASDAQ:PAYX)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Paychex, Inc. NASDAQ: PAYX. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Paychex stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Paychex Price Performance

Shares of Paychex stock traded up $1.64 during trading on Wednesday, hitting $150.04. The stock had a trading volume of 1,094,471 shares, compared to its average volume of 1,738,811. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.20. Paychex, Inc. has a 12 month low of $114.72 and a 12 month high of $151.72. The firm has a market cap of $54.02 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 4.02 and a beta of 1.00. The business's 50-day moving average is $143.61 and its 200 day moving average is $139.28.

Paychex (NASDAQ:PAYX - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.02. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.31 billion. Paychex had a net margin of 32.02% and a return on equity of 45.28%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 EPS. As a group, sell-side analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, February 7th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Friday, February 7th. Paychex's payout ratio is 82.53%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada restated a "sector perform" rating and set a $148.00 price target on shares of Paychex in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their target price on shares of Paychex from $133.00 to $139.00 and gave the stock an "underweight" rating in a report on Tuesday, November 19th. Finally, Barclays lifted their target price on shares of Paychex from $135.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to data from MarketBeat, Paychex has an average rating of "Hold" and an average price target of $132.23.

Institutional Investors Weigh In On Paychex

Hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank lifted its holdings in shares of Paychex by 1.7% during the fourth quarter. Toronto Dominion Bank now owns 118,140 shares of the business services provider's stock valued at $16,565,000 after purchasing an additional 1,945 shares during the last quarter. North Star Asset Management Inc. bought a new stake in Paychex in the fourth quarter worth $207,000. GF Fund Management CO. LTD. purchased a new stake in shares of Paychex in the fourth quarter worth $9,564,000. Parr Mcknight Wealth Management Group LLC bought a new position in shares of Paychex during the fourth quarter valued at $4,187,000. Finally, Pacific Point Advisors LLC purchased a new stake in shares of Paychex during the fourth quarter valued at approximately $1,357,000. Institutional investors own 83.47% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

About Paychex

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.