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Martin Mucci, a director at Paychex Inc (NASDAQ:PAYX), a company with a substantial market capitalization of $51.68 billion and impressive gross profit margins of 72.35%, sold 97,526 shares of common stock on July 10, 2025, for approximately $14.1 million. The shares were sold at a price of $145.17, near the upper end of its 52-week range of $117.43-$161.24.
On the same day, Mucci also exercised options to acquire a total of 435,226 shares of Paychex common stock at a price of $60.84, for a total value of $26.4 million. Simultaneously, Mucci disposed of 310,699 shares, with a value of $45.2 million, to cover tax obligations. These shares were disposed of at prices ranging from $145.55 to $145.62. According to InvestingPro, Paychex has maintained dividend payments for 38 consecutive years with a 10.2% dividend growth in the last twelve months.
Following these transactions, Mucci directly owns 446,917.3318 shares of Paychex. Mucci also holds options to acquire 939,648 shares of Paychex stock. Discover more insights about PAYX and 1,400+ other stocks with comprehensive Pro Research Reports, available exclusively on InvestingPro.
In other recent news, Paychex announced a quarterly cash dividend of $1.08 per share, set to be paid on August 29, 2025, to shareholders of record as of July 21, 2025. RBC Capital maintained its $165 price target on Paychex, highlighting mixed growth trends and improved cost synergies from the Paycor (NASDAQ:PYCR) acquisition. Meanwhile, Morgan Stanley (NYSE:MS) lowered its price target to $148, citing concerns over Paychex’s increased debt following the Paycor acquisition, despite higher earnings projections. Stifel also reduced its price target to $152 after Paychex’s fourth-quarter results and fiscal 2026 revenue guidance fell short of expectations, although earnings per share growth guidance exceeded forecasts. BMO Capital initiated coverage of Paychex with a Market Perform rating and a $160 price target, noting the strategic significance of the Paycor acquisition while urging patience from investors regarding revenue synergies. The firm’s analysis considers both company-specific execution challenges and potential macroeconomic risks. Overall, analysts have varied outlooks on Paychex, with some focusing on growth potential and others expressing caution due to financial risks.
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