Rep. April McClain Delaney Purchases Shares of Paychex, Inc. (NASDAQ:PAYX)

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 21st.

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 Price Performance

NASDAQ PAYX traded down $0.70 on Tuesday, hitting $144.13. The company had a trading volume of 3,167,731 shares, compared to its average volume of 1,782,556. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39. The company's fifty day moving average price is $147.86 and its 200-day moving average price is $142.89. The company has a market capitalization of $51.90 billion, a PE ratio of 30.34, a PEG ratio of 4.10 and a beta of 0.98. Paychex, Inc. has a 12-month low of $114.72 and a 12-month high of $158.37.

Remove Ads

Paychex Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. 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. UBS Group increased their target price on Paychex from $152.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. Finally, Barclays lifted their price target on Paychex from $135.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, December 23rd. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to MarketBeat, Paychex has an average rating of "Hold" and an average price target of $133.23.

Institutional Trading of Paychex

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Paychex by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 31,521,025 shares of the business services provider's stock valued at $4,419,878,000 after purchasing an additional 174,817 shares during the period. Capital International Investors grew its stake in shares of Paychex by 0.6% in the 4th quarter. Capital International Investors now owns 26,905,031 shares of the business services provider's stock valued at $3,772,544,000 after buying an additional 166,155 shares during the period. State Street Corp increased its holdings in shares of Paychex by 0.5% during the 3rd quarter. State Street Corp now owns 13,230,236 shares of the business services provider's stock worth $1,775,365,000 after buying an additional 60,455 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Paychex by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,044,631 shares of the business services provider's stock valued at $1,408,458,000 after buying an additional 519,761 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Paychex by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 9,541,034 shares of the business services provider's stock valued at $1,339,463,000 after acquiring an additional 126,962 shares during the last quarter. 83.47% of the stock is owned by institutional investors and hedge funds.

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.