Paychex (NASDAQ:PAYX) Stock Unloaded Rep. Robert Bresnahan, Jr.

Posted by Scott Davis on Feb 16th, 2025

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Paychex, Inc. (NASDAQ:PAYX). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Paychex stock on January 13th. The trade occurred in the Representative’s “JOINT OWNERSHIP LPL ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 1/29/2025.
Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.
Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.

Paychex Price Performance

Shares of Paychex stock opened at $147.25 on Friday. Paychex, Inc. has a one year low of $114.72 and a one year high of $151.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market cap of $53.02 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 4.10 and a beta of 1.00. The stock has a 50 day moving average price of $143.36 and a 200-day moving average price of $138.83.

Paychex (NASDAQ:PAYX – Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The business services provider reported $1.14 earnings per share (EPS) 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 firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $1.08 EPS. Paychex’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts expect that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 7th will be issued a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, February 7th. Paychex’s dividend payout ratio (DPR) is 82.53%.

Wall Street Analyst Weigh In

PAYX has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $148.00 target price on shares of Paychex in a research report on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on Paychex from $133.00 to $139.00 and gave the company an “underweight” rating in a research report on Tuesday, November 19th. Finally, Barclays lifted their target price on Paychex from $135.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, December 23rd. Two investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $132.23.

Read Our Latest Analysis on Paychex

Institutional Trading of Paychex

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Paychex by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 31,521,025 shares of the business services provider’s stock valued at $4,419,878,000 after purchasing an additional 174,817 shares during the last quarter. Capital International Investors grew its stake in Paychex by 0.6% during the 4th quarter. Capital International Investors now owns 26,905,031 shares of the business services provider’s stock valued at $3,772,544,000 after purchasing an additional 166,155 shares during the last quarter. State Street Corp grew its stake in Paychex by 0.5% during the 3rd quarter. State Street Corp now owns 13,230,236 shares of the business services provider’s stock valued at $1,775,365,000 after purchasing an additional 60,455 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Paychex by 5.5% in the 4th 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 buying an additional 519,761 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Paychex by 1.3% in the 4th 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 buying an additional 126,962 shares during the period. Hedge funds and other institutional investors own 83.47% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

Paychex Company Profile

(Get Free Report)

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.