Resona Asset Management Co. Ltd. Has $10.65 Million Stock Holdings in Paychex, Inc. $PAYX

Posted by Stanley Muller on Jul 11th, 2026

Resona Asset Management Co. Ltd. boosted its position in shares of Paychex, Inc. (NASDAQ:PAYX – Free Report) by 7.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,357 shares of the business services provider’s stock after acquiring an additional 7,757 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Paychex were worth $10,646,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PAYX. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Paychex during the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC raised its stake in shares of Paychex by 957.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 296 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 268 shares in the last quarter. Stance Capital LLC bought a new position in Paychex in the third quarter worth $31,000. Hilton Head Capital Partners LLC bought a new position in Paychex in the fourth quarter worth $31,000. Finally, Kingdom Financial Group LLC. bought a new position in Paychex in the fourth quarter worth $33,000. Institutional investors and hedge funds own 83.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PAYX shares. Wells Fargo & Company lowered their price target on shares of Paychex from $116.00 to $95.00 and set an “underweight” rating on the stock in a report on Thursday, March 26th. UBS Group reduced their price objective on shares of Paychex from $100.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday, June 25th. Citigroup raised shares of Paychex from a “neutral” rating to a “buy” rating and upped their target price for the company from $99.00 to $140.00 in a research note on Monday, June 15th. TD Cowen increased their price target on shares of Paychex from $94.00 to $98.00 and gave the stock a “hold” rating in a research report on Monday, June 8th. Finally, Guggenheim started coverage on shares of Paychex in a research note on Thursday, March 19th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $105.80.

Get Our Latest Research Report on PAYX

Insiders Place Their Bets

In other news, Director Joseph M. Tucci sold 3,907 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $98.25, for a total transaction of $383,862.75. Following the completion of the sale, the director owned 67,364 shares of the company’s stock, valued at approximately $6,618,513. This trade represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Key Stories Impacting Paychex

Here are the key news stories impacting Paychex this week:

Positive Sentiment: Zacks Research lifted multiple earnings estimates for Paychex (PAYX), including FY2027 and FY2029, signaling improved profit expectations and a potentially supportive outlook for the stock.
Positive Sentiment: Paychex was highlighted among the Nasdaq 100’s highest-yielding stocks, which may attract income-focused investors looking for defensive dividend names.
Neutral Sentiment: Short-interest data showed no reported short interest, so there is no clear evidence of a meaningful bearish positioning shift in the shares.
Negative Sentiment: A separate article said Paychex (PAYX) could be as much as 38% below fair value after removal from the Russell Growth Index, suggesting the recent move may be partly tied to index-related repricing and raising valuation concerns. Article Title

Paychex Price Performance

Shares of NASDAQ PAYX traded up $1.28 during midday trading on Friday, reaching $107.54. 2,179,668 shares of the company traded hands, compared to its average volume of 3,609,491. Paychex, Inc. has a 12 month low of $85.45 and a 12 month high of $148.11. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50-day simple moving average is $98.16 and its 200-day simple moving average is $98.48. The firm has a market cap of $38.53 billion, a PE ratio of 21.99 and a beta of 0.84.

Paychex (NASDAQ:PAYX – Get Free Report) last posted its earnings results on Wednesday, June 24th. The business services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.01. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. Paychex had a net margin of 27.03% and a return on equity of 50.90%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. As a group, equities analysts anticipate that Paychex, Inc. will post 5.96 earnings per share for the current fiscal year.

Paychex Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th were paid a dividend of $1.19 per share. This is a positive change from Paychex’s previous quarterly dividend of $1.08. This represents a $4.76 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Wednesday, May 13th. Paychex’s payout ratio is currently 97.34%.

About Paychex

(Free Report)

Paychex, Inc, founded in 1971 by B. Thomas “Tom” Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company’s core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers’ compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.