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

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 21st.

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 Trading Down 1.5 %

Shares of Paychex stock opened at $143.02 on Friday. The business has a fifty day simple moving average of $147.77 and a two-hundred day simple moving average of $142.63. Paychex, Inc. has a 1 year low of $114.72 and a 1 year high of $158.37. The company has a market capitalization of $51.50 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 4.10 and a beta of 0.98. 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 (NASDAQ:PAYX) last posted its earnings results on Thursday, December 19th. The business services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. Paychex had a return on equity of 45.28% and a net margin of 32.02%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Research analysts forecast that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Friday, February 7th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, February 7th. Paychex’s dividend payout ratio is 82.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Paychex by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 31,521,025 shares of the business services provider’s stock valued at $4,419,878,000 after acquiring an additional 174,817 shares during the last quarter. Capital International Investors grew its position 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 valued at $3,772,544,000 after acquiring an additional 166,155 shares during the last quarter. State Street Corp grew its position in Paychex by 0.5% in the third quarter. State Street Corp now owns 13,230,236 shares of the business services provider’s stock valued at $1,775,365,000 after acquiring an additional 60,455 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Paychex by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,044,631 shares of the business services provider’s stock valued at $1,408,458,000 after acquiring an additional 519,761 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Paychex by 1.3% in the fourth 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 acquiring an additional 126,962 shares during the last quarter. Institutional investors own 83.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price on 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 reissued a “sector perform” rating and set a $148.00 target price on shares of Paychex in a report on Friday, December 20th. Finally, UBS Group lifted their target price on Paychex from $152.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.

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.