Paychex (NASDAQ:PAYX) Stock Unloaded Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Paychex, Inc. NASDAQ: PAYX. In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Paychex stock on April 9th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of RTX NYSE: RTX on 4/23/2025.
• Purchased $1,001 - $15,000 in shares of Cheniere Energy NYSE: LNG on 4/22/2025.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Tri Pointe Homes NYSE: TPH on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk NYSE: TLK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of KKR & Co. Inc. NYSE: KKR on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of D.R. Horton NYSE: DHI on 4/21/2025.
• Purchased $1,001 - $15,000 in shares of Home Depot NYSE: HD on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Hillman Solutions NASDAQ: HLMN on 4/17/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/17/2025.

Paychex Stock Up 1.4%

Shares of Paychex stock traded up $2.21 during trading on Monday, hitting $158.19. The company's stock had a trading volume of 1,628,401 shares, compared to its average volume of 1,927,400. Paychex, Inc. has a 52 week low of $115.40 and a 52 week high of $159.30. The company has a market capitalization of $56.98 billion, a PE ratio of 33.30, a P/E/G ratio of 4.10 and a beta of 0.91. The company has a fifty day simple moving average of $147.26 and a two-hundred day simple moving average of $145.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 1.39.

Paychex (NASDAQ:PAYX - Get Free Report) last released its earnings results on Wednesday, March 26th. The business services provider reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.01. Paychex had a net margin of 32.02% and a return on equity of 45.28%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the business earned $1.38 earnings per share. The business's revenue was up 4.8% on a year-over-year basis. Equities research analysts predict that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex Increases Dividend

The firm 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 $1.08 dividend. The ex-dividend date is Monday, May 12th. 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 2.73%. Paychex's dividend payout ratio is currently 90.00%.

Hedge Funds Weigh In On Paychex

Several hedge funds and other institutional investors have recently modified their holdings of the company. Select Equity Group L.P. boosted its position in Paychex by 99.0% in the first quarter. Select Equity Group L.P. now owns 3,494,312 shares of the business services provider's stock worth $539,102,000 after purchasing an additional 1,738,372 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Paychex in the fourth quarter worth approximately $184,216,000. GAMMA Investing LLC boosted its holdings in shares of Paychex by 20,236.7% in the first quarter. GAMMA Investing LLC now owns 1,153,089 shares of the business services provider's stock worth $177,899,000 after buying an additional 1,147,419 shares during the last quarter. Nuveen LLC bought a new stake in Paychex during the first quarter valued at approximately $134,192,000. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 last quarter. 83.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Joseph M. Velli sold 3,650 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $149.25, for a total value of $544,762.50. Following the completion of the sale, the director now directly owns 78,455 shares in the company, valued at $11,709,408.75. This represents a 4.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 11.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Paychex from $152.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 4th. Barclays increased their price target on shares of Paychex from $140.00 to $155.00 and gave the company an "equal weight" rating in a report on Monday, March 31st. Morgan Stanley boosted their price objective on shares of Paychex from $137.00 to $142.00 and gave the stock an "equal weight" rating in a report on Thursday, March 27th. Citigroup upped their price objective on Paychex from $145.00 to $158.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Finally, Stifel Nicolaus lifted their target price on Paychex from $141.00 to $156.00 and gave the stock a "hold" rating in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $141.00.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.