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

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 Price Performance

Shares of PAYX opened at $143.02 on Friday. Paychex, Inc. has a fifty-two week low of $114.72 and a fifty-two week high of $158.37. The firm’s 50-day simple moving average is $147.77 and its two-hundred day simple moving average is $142.63. The stock has a market cap of $51.50 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 4.10 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.39 and a current ratio of 1.39.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.14 earnings per share for the quarter, beating 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 analyst estimates of $1.31 billion. During the same quarter last year, the company earned $1.08 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current fiscal year.

Paychex Announces Dividend

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

Hedge Funds Weigh In On Paychex

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Paychex by 0.6% during 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 increased its position in shares of 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 lifted its stake in shares of Paychex by 0.5% in the 3rd quarter. State Street Corp now owns 13,230,236 shares of the business services provider’s stock worth $1,775,365,000 after purchasing an additional 60,455 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 worth $1,408,458,000 after buying an additional 519,761 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Paychex by 1.3% during 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 buying an additional 126,962 shares during the period. 83.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PAYX shares. Royal Bank of Canada restated a “sector perform” rating and set a $148.00 price target on shares of Paychex in a report on Friday, December 20th. Barclays lifted their target price on shares of Paychex from $135.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, December 23rd. Finally, UBS Group upped their target price on shares of Paychex from $152.00 to $155.00 and gave the stock a “neutral” rating in a research note 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.com, Paychex currently has an average rating of “Hold” and a consensus 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.