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.
Sr. VP of Sales Bottini sold 8,954 shares of PAYX at $123.60; holdings reduced to 79.2K shares (-10.2%)
Bottini executed an open-market sale of 8,954 shares, reducing his PAYX holdings by 10.2% to 79,232 shares post-transaction. His single prior sale at PAYX on 2024-01-29 resulted in a -0.5% 90-day return (stock fell after the sale), and his cross-ticker track record shows 100.00% well-timed sell rate based on post-transaction price action. The current price of $123.98 is 0.31 points above the transaction price of $123.60, placing the stock near its 52-week trading range and -3.7% from the 52-week high. PAYX fundamentals remain solid with $1.4B quarterly revenue, 5.4% annual revenue growth, and a P/E of 26.43, though the valuation sits in the upper quartile historically for the company.
