Rep. Rick Larsen Sells Off Shares of Paychex, Inc. (NASDAQ:PAYX)

Key Points

• Rep. Rick Larsen sold between $1,001 and $15,000 of Paychex (NASDAQ:PAYX) on April 7 from his RICHARD R LARSEN IRA (filing disclosed April 15) and executed several other $1k–$15k trades the same day, including sales of Broadridge, American Water and American Express and purchases of NextEra, Wabtec, Carrier and Casey's.
• Paychex recently beat quarterly EPS estimates ($1.71 vs. $1.67) with revenue up 19.9% year‑over‑year and its board approved a $1.0 billion share buyback (~2.5% of shares), but analysts have trimmed price targets and MarketBeat shows a consensus rating of "Reduce" with an average target of $106.38.

Representative Rick Larsen (Democratic-Washington) recently sold shares of Paychex, Inc. NASDAQ: PAYX. In a filing disclosed on April 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Paychex stock on April 7th. The trade occurred in the Representative's "RICHARD R LARSEN IRA" account.

Representative Rick Larsen also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Broadridge Financial Solutions NYSE: BR on 4/7/2026.
• Sold $1,001 - $15,000 in shares of American Water Works NYSE: AWK on 4/7/2026.
• Purchased $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 4/7/2026.
• Sold $1,001 - $15,000 in shares of American Express NYSE: AXP on 4/7/2026.
• Purchased $1,001 - $15,000 in shares of Wabtec NYSE: WAB on 4/7/2026.
• Purchased $1,001 - $15,000 in shares of Carrier Global NYSE: CARR on 4/7/2026.
• Sold $1,001 - $15,000 in shares of Sonida Senior Living NYSE: SNDA on 4/7/2026.
• Purchased $1,001 - $15,000 in shares of Casey's General Stores NASDAQ: CASY on 4/7/2026.

Paychex Trading Up 2.1%

PAYX opened at $92.13 on Friday. The stock has a market capitalization of $33.01 billion, a P/E ratio of 20.29 and a beta of 0.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. Paychex, Inc. has a 12 month low of $85.45 and a 12 month high of $161.24. The firm's fifty day simple moving average is $92.89 and its 200 day simple moving average is $106.99.

Paychex (NASDAQ:PAYX - Get Free Report) last released its earnings results on Wednesday, March 25th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.04. Paychex had a return on equity of 48.52% and a net margin of 25.84%.The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.78 billion. The company's revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. As a group, research analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex announced that its Board of Directors has approved a share repurchase program on Friday, January 16th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PAYX. Wells Fargo & Company dropped their target price on Paychex from $116.00 to $95.00 and set an "underweight" rating on the stock in a research report on Thursday, March 26th. Royal Bank Of Canada reduced their price target on Paychex from $125.00 to $102.00 and set a "sector perform" rating for the company in a research report on Thursday, March 19th. Citigroup decreased their price target on shares of Paychex from $120.00 to $99.00 and set a "neutral" rating for the company in a research note on Thursday, March 26th. Morgan Stanley lowered their price objective on shares of Paychex from $123.00 to $107.00 and set an "equal weight" rating on the stock in a report on Thursday, March 26th. Finally, Cantor Fitzgerald raised shares of Paychex to a "strong sell" rating in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Paychex has a consensus rating of "Reduce" and an average target price of $106.38.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PAYX. Heartwood Wealth Advisors LLC acquired a new stake in shares of Paychex in the 3rd quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC acquired a new position in Paychex during the third quarter worth $27,000. Stance Capital LLC bought a new stake in Paychex during the third quarter worth $31,000. MMA Asset Management LLC bought a new stake in Paychex during the third quarter worth $32,000. Finally, Westfuller Advisors LLC acquired a new stake in Paychex in the third quarter valued at $35,000. 83.47% of the stock is currently owned by institutional investors.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington's 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027. Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington's 2nd Congressional District. He declared candidacy for the 2026 election. Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure. Larsen's first position as an elected official was in 1998 as a member of the Snohomish County Council. Larsen earned his bachelor's degree from Pacific Lutheran University. After earning his master's degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

About Paychex

Paychex, Inc, founded in 1971 by B. Thomas "Tom" Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company's core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers' compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.

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