Paychex (PAYX) Director Joseph M Velli Sells $844K of Stock

Paychex, Inc. (NasdaqGS: PAYX) director Joseph M Velli sold 7,839 shares of the company on October 14, 2026, according to a Form 4 filing with the SEC. The stock closed at $108.37 on the day of the transaction.

Inside Joseph M Velli's Paychex Trade

Director Joseph M Velli carried out the sale at a price of $107.68 per share. The transaction brought in a total value of $844,103.52. This move follows other recent insider transactions at the software company, including sales by Chairman of the Board Martin Mucci and Chief Financial Officer Robert L. Schrader earlier in the summer.

Other Institutional Activity in Paychex

Large financial funds adjusted their positions in Paychex ahead of the autumn months. Capital International Investors cut its holdings by 1,108,096 shares, ending with 28,840,445 shares worth about $3,219,458,796. Blackrock Inc. reduced its stake by 662,075 shares, leaving it with 27,753,178 shares valued at roughly $3,098,087,183. Vanguard Capital Management LLC grew its holdings by 75,475 shares, ending with 21,040,690 shares worth about $2,348,772,166. Vanguard Portfolio Management LLC grew its holdings by 27,450 shares, ending with 15,277,715 shares worth about $1,705,451,283. State Street Corporation grew its holdings by 361,091 shares, ending with 14,411,341 shares worth about $1,608,737,956.

Paychex, Inc. Stock Up 0.5%

Paychex recently traded around $111.31. That puts the shares up about 2.7% since the director's transaction date. The stock sits below its 50-day moving average of $114.71 and above its 200-day moving average of $103.36. The shares have traded between a 52-week low of $85.45 and a 52-week high of $128.78.

Recent Earnings

The company generated $6,602,500,096 in trailing-twelve-month revenue alongside earnings of $5.04 per share. Paychex reported a net profit margin of 27.4% and a return on equity of 47.1%. The next earnings report is scheduled for December 18, 2026.

Dividend

Paychex pays an annual dividend rate of $4.76 per share, giving the stock a dividend yield of 4.3%. The company pays out 90.1% of its earnings to shareholders.

Insider Buying and Selling at Paychex, Inc.

Insider activity over the summer included several notable moves. Joseph Tucci bought 10,220 shares on June 26, 2026, at a price of $60.59 per share for a total value of $619,229.80. Martin Mucci sold 25,000 shares on July 14, 2026, at $109.93 per share for a total of $2,748,250. Christopher C Simmons sold 2,615 shares on July 17, 2026, at $115.92 per share worth $303,131. Robert L. Schrader sold 2,600 shares on July 20, 2026, at $115.09 per share worth $299,234.

Analysts Set New Price Targets

Wall Street firms have recently updated their outlooks on the stock. UBS maintained a Neutral rating with a $115 target on September 24, 2026. BMO Capital kept a Market Perform rating with a $113 target on the same day. Stifel maintained a Hold rating and lowered its target to $112 on September 24, 2026. Baird kept a Neutral rating with a $110 target on September 28, 2026. Cantor Fitzgerald maintained an Underweight rating with a $96 target on September 28, 2026. Overall, the stock carries a consensus hold rating and an average price target of $113.93 across 14 analysts.

About Paychex

Paychex provides human capital management software and services for businesses. The company handles payroll processing, human resources administration, employee benefits, and insurance services for small and medium-sized organizations across multiple countries.

Bottom Line

Investors will look toward the upcoming earnings release in December for fresh details on revenue growth and profit margins. Monitoring future insider forms will also show how other directors and executives manage their personal stakes in the firm.