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Rep. April McClain Delaney Sells Off Shares of Paychex, Inc. (NASDAQ:PAYX)
Representative April McClain Delaney recently sold between $1,001 and $15,000 of Paychex (NASDAQ:PAYX) stock, as disclosed in a May 6th filing. This occurred amidst Paychex’s positive developments, including raising its quarterly dividend to $1.19 (5.0% yield) and authorizing a $1.0 billion share buyback, following a quarter where it beat earnings and revenue estimates. Despite these corporate actions, several analysts have cut price targets, and the stock currently holds a “Reduce” consensus rating.