PAYX PAYCHEX INC Insider Trading

Director Joseph Doody purchases 1.0K PAYX shares at $98.76; stock down -38.6% from 52-week high and -11.7% in 30 days

Director Joseph Doody purchased 1,000 shares of Paychex at $98.76 on 2026-02-04, establishing an initial position after holding zero shares previously. The purchase occurs with Paychex trading at $98.17 (current), representing -38.6% from its 52-week high of $159.78 and -11.7% decline over the past 30 days. Doody's cross-ticker track record shows 1 prior sell with an average 90-day return of +10.5%, though his only prior trade at PAYX (an August 2024 sell) achieved a 90-day return of +10.5%, which was not well-timed in that sell context. This buy enters at a depressed valuation relative to recent highs, though without FLAGS indicating scheduled trading, the timing and motivation warrant scrutiny.

Director Tom Bonadio purchases 1,000 shares of PAYX at $98.50 on 2026-02-04, bringing holdings to 21.5K shares

Tom Bonadio, a director of Paychex, executed a discretionary open-market purchase of 1,000 shares at $98.50, increasing his stake by approximately 4.9% to 21.5K shares. The transaction occurred while PAYX is trading 38.6% below its 52-week high of $159.78 and down 11.7% over the prior 30 days, representing a period of material price weakness. The company remains solidly capitalized with $1.6B in quarterly revenue, $395.4M in net income, and a market cap of $35.2B, providing no public distress signals. A director's discretionary buy during a significant drawdown is notable, though the modest 1,000-share size relative to his existing 20.5K-share base limits the intensity of the signal in absolute terms.

CEO Gibson John B sold 12,370 PAYX shares at $141.92 for $1.8M, reducing holdings by 13.1% to 81.8K shares.

Gibson John B, President and CEO of Paychex, sold 12,370 shares at $141.92 on July 16, 2025, reducing his holdings from 94,125 to 81,755 shares (a -13.1% decrease). The stock currently trades at $143.29, just 1.4 points above the sale price, and remains 10.3% below its 52-week high of $159.78. Notably, his single prior sale at PAYX (July 15, 2024) resulted in a 90-day return of +16.2%, meaning the stock rose after that sale — indicating that transaction was not well-timed relative to subsequent price action. The timing of this current sale merits observation: it occurs after a 6.0% decline over the prior 30 days and 1.1% decline over 90 days, against a backdrop of full-year revenue growth of 5.6% and a P/E of 30.23. The modest transaction significance reflects routine CEO portfolio adjustment rather than a material shift in conviction, but the pattern of non-well-timed prior sales at this ticker and the proximity of current price to sale price provide limited evidence of forward-looking insight.

Director MUCCI MARTIN sold 97,526 PAYX shares for $14,157,849.42 at $145.17; now holds 446,917 shares (-17.9%)

MUCCI MARTIN, a director at Paychex, sold 97,526 shares at $145.17 on 2025-07-10, reducing his holdings by 17.9% from 544,443 to 446,917 shares and raising $14,157,849.42. Notably, at his prior four sales at PAYX (July 2024 and July 2023), the stock subsequently rose 4.2% to 15.1% over 90 days in three of four instances, with only one of those sales meeting the "well-timed" definition of negative 90-day returns; this pattern suggests his prior exits generally preceded gains rather than declines. The current stock price of $143.29 is 10.3% below the 52-week high and 1.3% below the transaction price, with the stock down 7.0% over 30 days and 2.4% over 90 days—a near-term decline that aligns with the well-timed outcome profile, though the historical pattern at this ticker does not strongly support a predictive signal of directional conviction.

PAYX: SVP Gioja sells 31,653 shares for $4,893,136.23, reducing holdings 69.3%; stock -9.3% from 52-week high

Michael E Gioja, Sr. Vice President at Paychex, executed 2 separate sales totaling 31,653 shares for $4,893,136.23 on 2025-04-03 at a blended average price of $154.59, reducing his holdings from 45,688 to 14,035 shares (a 69.3% reduction). The current price of $140.49 is 9.3% below the 52-week high of $154.94, and the stock has declined 8.5% over the past 30 days. At this specific ticker (PAYX), Gioja's 5 prior open-market sales showed mixed timing: 3 of 5 were well-timed at the 90-day mark (where the stock subsequently fell), but his most recent prior sale on 2024-10-09 was poorly timed, with the stock gaining 6.9% in the next 30 days and 0.2% over 90 days. This substantial reduction in holdings by a senior executive, occurring as the stock approaches lower trading ranges within its annual band, warrants monitoring of any forward guidance or operational developments.

Sr. VP of Sales Bottini Mark Anthony sells 46.9K shares for $6.6M at $141.87 blended; holdings fall 37.1% to 79.4K shares.

Mark Anthony Bottini sold 46,875 shares across 2 separate transactions on 2024-10-16 for a combined $6,649,937.16 at a blended average price of $141.87, reducing his holdings by 37.1% from 126,235 shares to 79,360 shares. The sale occurred near the 52-week high of $142.35, with the stock currently at $141.53. Across his open-market transaction history, Bottini's prior 2 sells have shown a mixed track record: his cross-ticker 90-day timing was well-timed at a 100% rate, but his 90-day average return was -0.5%; at PAYX specifically, his January 2024 sale saw a -0.5% 90-day return (well-timed), while his July 2024 sale is not yet measurable at 90 days. The substantial position reduction at historically elevated prices warrants monitoring of whether this signals a deliberate exit or a liquidity event unrelated to conviction about the stock's near-term direction.

CFO Robert L. Schrader sold 13,015 shares at blended average $142.35 for $1.9M, reducing holdings by 43.0%

Robert L. Schrader, Sr. VP and CFO of Paychex, executed 2 separate sales on 2024-10-15 totaling 13,015 shares for $1,852,672.95, reducing his post-transaction holdings from 30,295 shares to 17,280 shares. The sales occurred at prices ($142.33 and $142.95) near the current price of $142.32 and within 0.0% of the 52-week high of $142.35, suggesting execution at recent highs. The 43.0% reduction in holdings is material and represents a significant portfolio shift for a senior finance officer at a $51.2B market-cap company with solid fundamentals (P/E 30.15, net income $427.4M, annual revenue growth +5.4%). The sale's magnitude and proximity to 52-week highs warrants investor attention to understand the underlying rationale.

SVP Michael E Gioja sold 26,428 PAYX shares (64.5% of holdings) at $139.03 on 2024-10-09; 80% of his cross-ticker sells well-timed.

Michael E Gioja, Sr. Vice President, executed a substantial reduction of his Paychex position, selling 26,428 shares for $3,674,284.84 and retaining 14,515 shares post-transaction. His cross-ticker track record shows a 90-day well-timed rate of 80.00% across 6 prior sales (higher = better; negative post-sale returns indicate well-timed exits). At PAYX specifically, he has completed 5 prior open-market trades, with 3 of 4 prior sales (where measurable) exhibiting negative 90-day returns, suggesting a pattern of favorable exit timing at this ticker. The current price of $139.29 is near the 52-week high of $140.79, while the stock has risen 17.7% over 90 days and 3.8% over 30 days, positioning the sale near recent strength. With a P/E of 29.51 and recent quarterly net income of $427,400,000.00, the company is valued at a premium multiple; the transaction itself does not constitute evidence of fundamental concern but reflects a substantial portfolio adjustment by a senior officer.

SVP Michael E Gioja sells 14,731 shares of PAYX at $139.18 ($2.1M), reducing holdings 50.4%; stock within 1.9% of 52-week high.

Michael E Gioja, Sr. Vice President, sold 14,731 shares of Paychex at $139.18 on 2024-10-04 for $2,050,260.58, representing a -50.4% reduction in his pre-transaction holdings from 29,246 to 14,515 shares. The sale occurred near the stock's 52-week high, with the current price at $138.16 representing -1.9% from the peak at $140.79. His cross-ticker track record shows 5 prior sells with an 80.00% well-timed rate at the 90-day mark, and his same-ticker history at PAYX reflects 4 of 5 prior sells were well-timed; however, the 30-day and 90-day forward returns on this specific transaction remain to be observed. The transaction occurred after Paychex delivered $1,318,500,000 quarterly revenue with $427,400,000 net income, operating at a 29.27 P/E with $49.7B market cap.

Director Joseph Doody sold 8,641 shares of PAYX at $130.69, reducing stake from 9,402 to 761 shares (-91.9%).

Joseph Doody, a director at Paychex, executed a substantial sale of 8,641 shares on 2024-08-26 at $130.69 per share for a total value of $1,129,292.29, leaving him with only 761 shares post-transaction. This represents a -91.9% reduction in his holdings, eliminating virtually his entire position in the company. The sale occurred while PAYX traded near its 52-week high (only -0.2% from the $130.19 peak), and the stock was up 9.8% over the prior 90 days, suggesting the sale coincided with elevated valuations. The substantial divestiture of a director's near-complete stake warrants investor attention given the visible reduction in insider ownership, though without disclosed trading plan details or explanation, the specific motivation remains opaque.