Rep. Marjorie Taylor Greene Buys Paychex, Inc. (NASDAQ:PAYX) Shares

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Paychex, Inc. NASDAQ: PAYX. In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Paychex stock on May 5th. The trade occurred in the Representative's "MARJORIE IRA" account.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Occidental Petroleum NYSE: OXY on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of MercadoLibre NASDAQ: MELI on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Starbucks NASDAQ: SBUX on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Gilead Sciences NASDAQ: GILD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of BHP Group NYSE: BHP on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOG on 5/5/2025.
• Purchased $1,001 - $15,000 in shares of Impinj NASDAQ: PI on 5/5/2025.

Paychex Price Performance

Shares of PAYX stock traded up $0.23 during trading hours on Tuesday, hitting $151.92. The stock had a trading volume of 217,452 shares, compared to its average volume of 1,926,292. 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 stock has a market capitalization of $54.72 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 4.10 and a beta of 0.91. Paychex, Inc. has a one year low of $115.40 and a one year high of $158.37. The stock's 50-day moving average price is $147.07 and its two-hundred day moving average price is $145.40.

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

Paychex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 12th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.84%. This is a boost from Paychex's previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Monday, May 12th. Paychex's dividend payout ratio (DPR) is presently 90.00%.

Institutional Investors Weigh In On Paychex

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Cfra Research upgraded Paychex to a "hold" rating in a report on Thursday, March 27th. Stifel Nicolaus increased their target price on shares of Paychex from $141.00 to $156.00 and gave the company a "hold" rating in a research note on Thursday, March 27th. Morgan Stanley lifted their price target on shares of Paychex from $137.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 27th. Barclays increased their price objective on shares of Paychex from $140.00 to $155.00 and gave the stock an "equal weight" rating in a research report on Monday, March 31st. Finally, Citigroup boosted their target price on Paychex from $145.00 to $158.00 and gave the company a "neutral" rating in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $141.00.

Insiders Place Their Bets

In other news, Director Joseph M. Velli sold 3,650 shares of Paychex stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $149.25, for a total value of $544,762.50. Following the transaction, the director now owns 78,455 shares of the company's stock, valued at $11,709,408.75. The trade was a 4.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 11.40% of the stock is currently owned by corporate insiders.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

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.