Rep. April McClain Delaney Buys Paychex, Inc. (NASDAQ:PAYX) Stock

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 9th.

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 Down 0.5 %

NASDAQ:PAYX traded down $0.70 during trading hours on Tuesday, reaching $144.13. The company's stock had a trading volume of 3,167,731 shares, compared to its average volume of 1,782,556. The business's 50-day moving average is $147.86 and its 200-day moving average is $142.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.39 and a quick ratio of 1.39. Paychex, Inc. has a one year low of $114.72 and a one year high of $158.37. The company has a market cap of $51.90 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 4.10 and a beta of 0.98.

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Paychex Announces Dividend

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

Hedge Funds Weigh In On Paychex

A number of large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. lifted its stake in Paychex by 220.7% in the fourth quarter. Meeder Asset Management Inc. now owns 186 shares of the business services provider's stock valued at $26,000 after buying an additional 128 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of Paychex during the 4th quarter worth about $28,000. WealthTrak Capital Management LLC bought a new position in shares of Paychex in the fourth quarter valued at $28,000. Millstone Evans Group LLC acquired a new position in shares of Paychex during the 4th quarter worth about $33,000. Finally, Avion Wealth lifted its position in shares of Paychex by 469.8% in the fourth quarter. Avion Wealth now owns 245 shares of the business services provider's stock valued at $34,000 after buying an additional 202 shares during the last quarter. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PAYX. 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 report on Monday, December 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $148.00 price objective on shares of Paychex in a research note on Friday, December 20th. Finally, UBS Group increased their target price on Paychex from $152.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, March 4th. Two analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company's stock. Based on data from MarketBeat, Paychex currently has a consensus rating of "Hold" and a consensus target price 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.

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.