Rep. Josh Gottheimer Sells Paychex, Inc. (NASDAQ:PAYX) Stock

Representative Josh Gottheimer (D-New Jersey) recently sold shares of Paychex, Inc. (NASDAQ:PAYX). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Paychex stock on February 21st. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 2/28/2025.
• Purchased $1,001 – $15,000 in shares of Visa (NYSE:V) on 2/28/2025.
• Sold $1,001 – $15,000 in shares of Block (NYSE:XYZ) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of Paragon 28 (NYSE:FNA) on 2/27/2025.
• Sold $1,001 – $15,000 in shares of KKR & Co. Inc. (NYSE:KKR) on 2/26/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 2/26/2025.
• Sold $1,001 – $15,000 in shares of Vertiv (NYSE:VRT) on 2/25/2025.

Paychex Trading Up 2.4 %

PAYX opened at $153.48 on Friday. Paychex, Inc. has a one year low of $114.72 and a one year high of $154.98. The company has a market cap of $55.26 billion, a P/E ratio of 32.31, a PEG 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. The business’s 50-day simple moving average is $146.33 and its 200-day simple moving average is $141.54.

Paychex (NASDAQ:PAYX) last released its quarterly earnings data on Thursday, December 19th. The business services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. Paychex had a return on equity of 45.28% and a net margin of 32.02%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 EPS. As a group, equities research analysts expect that Paychex, Inc. will post 4.99 EPS for the current fiscal year.

Paychex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Friday, February 7th were issued a $0.98 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.55%. Paychex’s payout ratio is currently 82.53%.

Hedge Funds Weigh In On Paychex

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal London Asset Management Ltd. raised its holdings in Paychex by 2.3% during the third quarter. Royal London Asset Management Ltd. now owns 187,663 shares of the business services provider’s stock worth $25,182,000 after purchasing an additional 4,157 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in Paychex by 91.1% during 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. Amalgamated Bank raised its holdings in Paychex by 6.2% during the third quarter. Amalgamated Bank now owns 70,347 shares of the business services provider’s stock worth $9,440,000 after purchasing an additional 4,082 shares during the last quarter. MML Investors Services LLC raised its holdings in Paychex by 6.5% during 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, Assetmark Inc. raised its holdings in Paychex by 151.0% during the third quarter. Assetmark Inc. now owns 9,761 shares of the business services provider’s stock worth $1,310,000 after purchasing an additional 5,872 shares during the last quarter. 83.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on PAYX. JPMorgan Chase & Co. raised their price target on Paychex from $133.00 to $139.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 19th. Barclays raised their price target on Paychex from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, December 23rd. UBS Group raised their price target on Paychex from $152.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $148.00 price target on shares of Paychex in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $133.23.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027.

Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2026 election.

Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025.

Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.