Rep. Rick Larsen Sells Off Shares of Paychex, Inc. (NASDAQ:PAYX)

Representative Rick Larsen (Democratic-Washington) recently sold shares of Paychex, Inc. (NASDAQ:PAYX). In a filing disclosed on April 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Paychex stock on April 7th. The trade occurred in the Representative’s “RICHARD R LARSEN IRA” account.

Representative Rick Larsen also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Broadridge Financial Solutions (NYSE:BR) on 4/7/2026.
• Sold $1,001 – $15,000 in shares of American Water Works (NYSE:AWK) on 4/7/2026.
• Purchased $1,001 – $15,000 in shares of NextEra Energy (NYSE:NEE) on 4/7/2026.
• Sold $1,001 – $15,000 in shares of American Express (NYSE:AXP) on 4/7/2026.
• Purchased $1,001 – $15,000 in shares of Wabtec (NYSE:WAB) on 4/7/2026.
• Purchased $1,001 – $15,000 in shares of Carrier Global (NYSE:CARR) on 4/7/2026.
• Sold $1,001 – $15,000 in shares of Sonida Senior Living (NYSE:SNDA) on 4/7/2026.
• Purchased $1,001 – $15,000 in shares of Casey’s General Stores (NASDAQ:CASY) on 4/7/2026.

Paychex Stock Performance

NASDAQ:PAYX opened at $92.13 on Friday. The stock has a market cap of $33.01 billion, a P/E ratio of 20.29 and a beta of 0.88. The stock has a 50 day simple moving average of $92.89 and a 200 day simple moving average of $106.99. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.13. Paychex, Inc. has a 1-year low of $85.45 and a 1-year high of $161.24.

Paychex (NASDAQ:PAYX) last released its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.78 billion. Paychex had a return on equity of 48.52% and a net margin of 25.84%.The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $1.49 EPS. Research analysts anticipate that Paychex, Inc. will post 4.99 earnings per share for the current year.

Paychex announced that its board has authorized a stock buyback program on Friday, January 16th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 2.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Paychex

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Paychex by 12.1% in the 4th quarter. Vanguard Group Inc. now owns 42,348,625 shares of the business services provider’s stock valued at $4,750,669,000 after acquiring an additional 4,583,157 shares in the last quarter. Capital International Investors raised its holdings in Paychex by 59.1% in the 4th quarter. Capital International Investors now owns 30,265,174 shares of the business services provider’s stock valued at $3,395,583,000 after acquiring an additional 11,243,295 shares in the last quarter. State Street Corp raised its holdings in Paychex by 1.6% in the 4th quarter. State Street Corp now owns 13,988,393 shares of the business services provider’s stock valued at $1,569,218,000 after acquiring an additional 216,045 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Paychex by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,550,173 shares of the business services provider’s stock valued at $1,295,698,000 after acquiring an additional 263,152 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Paychex by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 9,705,424 shares of the business services provider’s stock worth $1,093,958,000 after buying an additional 78,760 shares in the last quarter. 83.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on PAYX. Weiss Ratings reissued a “hold (c)” rating on shares of Paychex in a report on Monday, December 29th. BMO Capital Markets lifted their price target on Paychex to $52.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Argus raised Paychex to a “strong-buy” rating in a report on Friday, March 27th. UBS Group dropped their price target on Paychex from $98.00 to $94.00 and set a “neutral” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. dropped their price objective on Paychex from $125.00 to $100.00 and set an “underweight” rating for the company in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $106.38.

About Representative Larsen

Rick Larsen (Democratic Party) is a member of the U.S. House, representing Washington’s 2nd Congressional District. He assumed office on January 3, 2001. His current term ends on January 3, 2027.

Larsen (Democratic Party) is running for re-election to the U.S. House to represent Washington’s 2nd Congressional District. He declared candidacy for the 2026 election.

Since at least 2011, Larsen has been assigned to the Committee on Armed Services and the Committee on Transportation and Infrastructure.

Larsen’s first position as an elected official was in 1998 as a member of the Snohomish County Council.

Larsen earned his bachelor’s degree from Pacific Lutheran University. After earning his master’s degree in public affairs from the University of Minnesota, Larsen worked as the director of public affairs for the Washington State Dental Association and then as an economic development official with the Port of Everett. He went on to serve on the Snohomish County Council before seeking election to the U.S. House.

Paychex Company Profile

Paychex, Inc, founded in 1971 by B. Thomas “Tom” Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company’s core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers’ compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.