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

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 company has a 50-day simple moving average of $92.89 and a two-hundred day simple moving average of $106.99. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13. Paychex, Inc. has a 12-month low of $85.45 and a 12-month high of $161.24. The firm has a market cap of $33.01 billion, a price-to-earnings ratio of 20.29 and a beta of 0.88.

Paychex (NASDAQ:PAYX) last posted its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.04. Paychex had a net margin of 25.84% and a return on equity of 48.52%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the business posted $1.49 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. On average, equities analysts forecast that Paychex, Inc. will post 4.99 EPS for the current year.

Paychex announced that its board has initiated a stock repurchase plan on Friday, January 16th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Paychex

A number of institutional investors have recently bought and sold shares of the stock. Somerset Trust Co raised its stake in Paychex by 0.3% in the third quarter. Somerset Trust Co now owns 32,964 shares of the business services provider’s stock worth $4,179,000 after buying an additional 84 shares in the last quarter. Suncoast Equity Management raised its stake in Paychex by 0.6% in the third quarter. Suncoast Equity Management now owns 14,055 shares of the business services provider’s stock worth $1,782,000 after buying an additional 85 shares in the last quarter. 44 Wealth Management LLC raised its stake in Paychex by 2.7% in the second quarter. 44 Wealth Management LLC now owns 3,290 shares of the business services provider’s stock worth $479,000 after buying an additional 86 shares in the last quarter. Simon Quick Advisors LLC raised its stake in Paychex by 1.5% in the third quarter. Simon Quick Advisors LLC now owns 6,126 shares of the business services provider’s stock worth $777,000 after buying an additional 89 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Paychex by 3.5% in the second quarter. Smartleaf Asset Management LLC now owns 2,645 shares of the business services provider’s stock worth $381,000 after buying an additional 89 shares in the last quarter. 83.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PAYX. Jefferies Financial Group lowered their price objective on shares of Paychex from $110.00 to $105.00 and set a “hold” rating for the company in a research note on Thursday, March 26th. JPMorgan Chase & Co. lowered their price objective on shares of Paychex from $125.00 to $100.00 and set an “underweight” rating for the company in a research note on Thursday, March 26th. BMO Capital Markets upped their price objective on shares of Paychex to $52.00 and gave the company an “outperform” rating in a research note on Thursday, March 26th. Citigroup lowered their price objective on shares of Paychex from $120.00 to $99.00 and set a “neutral” rating for the company in a research note on Thursday, March 26th. Finally, Cantor Fitzgerald raised shares of Paychex to a “strong sell” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Paychex has a consensus rating of “Reduce” and an average price target 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.