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 March 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Paychex stock on February 9th.

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 Stock Performance

Shares of PAYX opened at $143.02 on Friday. 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, Inc. has a one year low of $114.72 and a one year high of $158.37. The firm has a market capitalization of $51.50 billion, a P/E ratio of 30.11, a PEG ratio of 4.10 and a beta of 0.98. The business has a fifty day moving average of $147.77 and a 200 day moving average of $142.63.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.14 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. Paychex’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

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

Hedge Funds Weigh In On Paychex

Large investors have recently made changes to their positions in the business. Royal London Asset Management Ltd. lifted its position in shares of Paychex by 2.3% in the third quarter. Royal London Asset Management Ltd. now owns 187,663 shares of the business services provider’s stock valued at $25,182,000 after acquiring an additional 4,157 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Paychex by 91.1% in the fourth quarter. Miracle Mile Advisors LLC now owns 10,808 shares of the business services provider’s stock worth $1,515,000 after purchasing an additional 5,153 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in shares of Paychex in the third quarter worth about $3,351,000. MML Investors Services LLC increased its holdings in shares of Paychex by 6.5% in the third quarter. MML Investors Services LLC now owns 329,080 shares of the business services provider’s stock worth $44,159,000 after purchasing an additional 20,064 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Paychex by 2.8% in the third quarter. Franklin Resources Inc. now owns 997,930 shares of the business services provider’s stock worth $142,055,000 after purchasing an additional 27,296 shares during the last quarter. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on PAYX shares. Barclays lifted their price objective on Paychex from $135.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, December 23rd. UBS Group lifted their target price on Paychex from $152.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $148.00 target price on shares of Paychex in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.

About Paychex

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.