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 Stock Up 2.4 %

Shares of NASDAQ:PAYX traded up $3.59 during mid-day trading on Friday, hitting $153.48. 2,253,742 shares of the company traded hands, compared to its average volume of 1,835,842. The firm 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. Paychex, Inc. has a 52-week low of $114.72 and a 52-week high of $154.98. The firm’s 50 day simple moving average is $146.33 and its 200 day simple moving average is $141.43.

Paychex (NASDAQ:PAYX) last issued 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 firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $1.08 EPS. Paychex’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex Announces Dividend

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

Hedge Funds Weigh In On Paychex

Several institutional investors have recently made changes to their positions in PAYX. Raymond James Financial Inc. bought a new position in shares of Paychex during the fourth quarter valued at approximately $184,216,000. Northern Trust Corp grew its holdings in shares of Paychex by 16.9% during the fourth quarter. Northern Trust Corp now owns 4,807,554 shares of the business services provider’s stock valued at $674,115,000 after purchasing an additional 694,651 shares during the last quarter. Amundi grew its holdings in shares of Paychex by 77.9% during the fourth quarter. Amundi now owns 1,534,145 shares of the business services provider’s stock valued at $215,164,000 after purchasing an additional 672,010 shares during the last quarter. Schroder Investment Management Group grew its holdings in Paychex by 86.5% in the 4th quarter. Schroder Investment Management Group now owns 1,355,713 shares of the business services provider’s stock worth $189,746,000 after buying an additional 628,912 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in Paychex by 30,382.8% in the 4th quarter. Proficio Capital Partners LLC now owns 568,809 shares of the business services provider’s stock worth $79,758,000 after buying an additional 566,943 shares in the last quarter. 83.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Paychex from $133.00 to $139.00 and gave the company an “underweight” rating in a research note on Tuesday, November 19th. Royal Bank of Canada restated a “sector perform” rating and set a $148.00 price objective on shares of Paychex in a research note on Friday, December 20th. UBS Group raised their price objective on Paychex from $152.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Barclays lifted their target price on Paychex from $135.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, December 23rd. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.

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.