Paychex senior vice president sells $4.9 million in stock

Paychex Inc . (NASDAQ:PAYX), a $50.6 billion market cap company, recently saw a significant transaction involving its Senior Vice President, Michael E. Gioja. On April 3, Gioja executed a sale of 31,653 shares of Paychex common stock, with the sale price ranging from $154.58 to $154.91 per share. The total value of the shares sold amounted to approximately $4.9 million. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with current shares at $140.50.

In addition to the sale, Gioja also acquired 31,653 shares through the exercise of stock options at a price of $69.54 per share, amounting to a total acquisition value of about $2.2 million.

Following these transactions, Gioja holds 14,035 shares directly, with additional holdings in a family trust. These transactions come as part of routine financial management for executives and provide insight into the ongoing activities of Paychex's senior leadership.

In other recent news, Paychex reported its third-quarter earnings for fiscal year 2025, with earnings per share (EPS) slightly surpassing analysts' expectations at $1.49, compared to a forecast of $1.48. Revenue matched predictions at $1.51 billion, reflecting a 5% increase from the previous year. RBC Capital Markets highlighted that Paychex's revenues met expectations, and EPS exceeded projections, driven by strong results in the Management Solutions segment and Client Fund Interest. Stifel analysts raised their price target for Paychex to $156, citing a 6% increase in revenue and an 8% rise in EPS in the third quarter. Citi analysts also increased their price target to $158, acknowledging Paychex's robust third-quarter results and strong client retention. Additionally, Paychex is in the process of acquiring PYCR, which is expected to contribute to financial results by fiscal year 2026. TD Cowen maintained a Hold rating on Paychex, with a price target of $147, noting the company's strong operational performance amidst economic uncertainties. These developments reflect Paychex's resilient performance and strategic moves in the current economic landscape.

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