Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Paychex, Inc. (NASDAQ:PAYX)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Paychex, Inc. (NASDAQ:PAYX). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $1,001 and $15,000 in Paychex stock on April 14th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Revvity (NYSE:RVTY) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 5/1/2026.
• Sold $1,001 – $15,000 in shares of SS&C Technologies (NASDAQ:SSNC) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Wayfair (NYSE:W) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of STERIS (NYSE:STE) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Sensata Technologies (NYSE:ST) on 5/1/2026.
• Purchased $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 5/1/2026.

Paychex Stock Performance

Paychex stock traded down $0.17 during mid-day trading on Tuesday, reaching $93.71. The company’s stock had a trading volume of 3,557,201 shares, compared to its average volume of 3,852,560. 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 twelve month low of $85.45 and a twelve month high of $161.24. The business has a 50 day moving average price of $92.54 and a 200-day moving average price of $103.15. The firm has a market cap of $33.58 billion, a price-to-earnings ratio of 20.64 and a beta of 0.84.

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, topping analysts’ consensus estimates of $1.67 by $0.04. Paychex had a net margin of 25.84% and a return on equity of 48.52%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period last year, the firm posted $1.49 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Sell-side analysts predict that Paychex, Inc. will post 5.5 EPS for the current fiscal year.

Paychex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Wednesday, May 13th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 5.1%. This is a boost from Paychex’s previous quarterly dividend of $1.08. The ex-dividend date is Wednesday, May 13th. Paychex’s dividend payout ratio (DPR) is 95.15%.

Paychex declared that its Board of Directors has initiated a stock buyback program on Friday, January 16th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Paychex

Several hedge funds and other institutional investors have recently made changes to their positions in PAYX. 44 Wealth Management LLC raised its stake in Paychex by 2.7% during the 2nd quarter. 44 Wealth Management LLC now owns 3,290 shares of the business services provider’s stock valued at $479,000 after acquiring an additional 86 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of 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 purchasing an additional 89 shares in the last quarter. JPL Wealth Management LLC increased its holdings in shares of Paychex by 0.3% during the third quarter. JPL Wealth Management LLC now owns 27,686 shares of the business services provider’s stock valued at $3,509,000 after purchasing an additional 92 shares during the period. Greenleaf Trust raised its stake in shares of Paychex by 1.7% during the fourth quarter. Greenleaf Trust now owns 5,834 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 95 shares in the last quarter. Finally, Moment Partners LLC raised its stake in shares of Paychex by 1.4% during the third quarter. Moment Partners LLC now owns 6,911 shares of the business services provider’s stock valued at $876,000 after purchasing an additional 98 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PAYX shares. JPMorgan Chase & Co. lowered their target price on Paychex from $125.00 to $100.00 and set an “underweight” rating for the company in a report on Thursday, March 26th. UBS Group reduced their price objective on Paychex from $98.00 to $94.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Paychex in a research note on Friday, April 24th. Citigroup cut their target price on Paychex from $120.00 to $99.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Finally, Morgan Stanley reduced their price target on shares of Paychex from $123.00 to $107.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Paychex presently has a consensus rating of “Reduce” and an average target price of $106.38.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.