Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Paychex Inc shares valued at $544,762 were sold by VELLI JOSEPH M on Apr 15 ’25. At $149.25 per share, VELLI JOSEPH M sold 3,650 shares. The insider’s holdings dropped to 78,455 shares worth approximately $11.54 million following the completion of this transaction.
Also, VELLI JOSEPH M purchased 3,650 shares, netting a total of over 544,763 in proceeds.
Before that, Gioja Michael E had sold 31,653 shares from its account. In a trade valued at $4,893,136, the Sr. Vice President traded Paychex Inc shares for $154.59 each. Upon closing the transaction, the insider’s holdings decreased to 31,653 shares, worth approximately $2.06 million.
As published in a research note from TD Cowen on December 22, 2023, Paychex Inc [PAYX] has been rated down from an Outperform to a Market perform and the price target has been revised to $123 from $132. Analysts at Barclays upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid December. As of November 07, 2023, UBS has initiated its “Neutral” rating for PAYX. Earlier on September 05, 2023, RBC Capital Mkts initiated its rating. Their recommendation was “a Sector perform” for PAYX stock.
Analyzing PAYX Stock Performance
During the last five days, there has been a surge of approximately 2.72%. Over the course of the year, Paychex Inc shares have jumped approximately 4.92%. Shares of the company reached a 52-week high of $158.37 on 03/10/25 and a 52-week low of $135.00 on 04/09/25. A 50-day SMA is recorded $147.65, while a 200-day SMA reached $140.22.
Support And Resistance Levels for Paychex Inc (PAYX)
According to the 24-hour chart, there is a support level at 143.59, which, if violated, would cause prices to drop to 140.06. In the upper region, resistance lies at 148.99. The next price resistance is at 150.85. RSI (Relative Strength Index) is 52.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.87, which suggests the price will decrease in the coming days. Percent R is at 23.30%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
