Gioja Michael E

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.

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.