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 May 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Paychex stock on April 9th.

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

• Sold $1,001 - $15,000 in shares of Toro NYSE: TTC on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of Bio-Techne NASDAQ: TECH on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Dayforce NYSE: DAY on 4/28/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 4/24/2025.
• Sold $1,001 - $15,000 in shares of A. O. Smith NYSE: AOS on 4/16/2025.
• Sold $1,001 - $15,000 in shares of A. O. Smith NYSE: AOS on 4/10/2025.
• Sold $1,001 - $15,000 in shares of Toro NYSE: TTC on 4/10/2025.
• Purchased $1,001 - $15,000 in shares of Bio-Techne NASDAQ: TECH on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of IDEXX Laboratories NASDAQ: IDXX on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Markel Group NYSE: MKL on 4/9/2025.

Paychex Stock Performance

Shares of NASDAQ:PAYX traded up $0.32 during mid-day trading on Friday, reaching $151.65. The company had a trading volume of 1,120,253 shares, compared to its average volume of 1,925,648. The company's 50-day moving average price is $147.09 and its 200-day moving average price is $145.20. Paychex, Inc. has a one year low of $115.40 and a one year high of $158.37. The firm has a market cap of $54.62 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 4.10 and a beta of 0.91. 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 (NASDAQ:PAYX - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The business services provider reported $1.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.48 by $0.01. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.51 billion. Paychex had a return on equity of 45.28% and a net margin of 32.02%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.38 EPS. As a group, equities research analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, May 12th will be given a dividend of $1.08 per share. This is an increase from Paychex's previous quarterly dividend of $0.98. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Monday, May 12th. Paychex's dividend payout ratio is currently 90.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PAYX shares. Citigroup upped their price objective on shares of Paychex from $145.00 to $158.00 and gave the stock a "neutral" rating in a research report on Thursday, March 27th. Cfra Research raised shares of Paychex to a "hold" rating in a report on Thursday, March 27th. Morgan Stanley increased their target price on Paychex from $137.00 to $142.00 and gave the company an "equal weight" rating in a research note on Thursday, March 27th. Stifel Nicolaus upped their price objective on Paychex from $141.00 to $156.00 and gave the stock a "hold" rating in a report on Thursday, March 27th. Finally, UBS Group raised their price objective on Paychex from $152.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $141.00.

Hedge Funds Weigh In On Paychex

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Paychex by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 31,807,843 shares of the business services provider's stock worth $4,907,314,000 after acquiring an additional 286,818 shares in the last quarter. Capital International Investors raised its holdings in Paychex by 0.6% in the fourth quarter. Capital International Investors now owns 26,905,031 shares of the business services provider's stock worth $3,772,544,000 after purchasing an additional 166,155 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Paychex by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,782,173 shares of the business services provider's stock valued at $1,663,474,000 after buying an additional 737,542 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Paychex by 1.3% during the 4th 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 buying an additional 126,962 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Paychex by 16.9% in the 4th quarter. Northern Trust Corp now owns 4,807,554 shares of the business services provider's stock worth $674,115,000 after buying an additional 694,651 shares during the period. Hedge funds and other institutional investors own 83.47% of the company's stock.

Insider Buying and Selling

In other Paychex news, Director Joseph M. Velli sold 3,650 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $149.25, for a total value of $544,762.50. Following the sale, the director now owns 78,455 shares in the company, valued at approximately $11,709,408.75. This represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.40% of the stock is owned by company insiders.

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.