Sumitomo Mitsui Trust Group Inc. Has $79.19 Million Stake in Paychex, Inc. $PAYX

Posted by Brenda Bartman on Jul 12th, 2026

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Paychex, Inc. (NASDAQ:PAYX – Free Report) by 5.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 859,680 shares of the business services provider’s stock after selling 46,723 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Paychex were worth $79,194,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PAYX. Vanguard Group Inc. raised its position in shares of Paychex by 12.1% in the 4th quarter. Vanguard Group Inc. now owns 42,348,625 shares of the business services provider’s stock valued at $4,750,669,000 after acquiring an additional 4,583,157 shares during the period. Capital International Investors grew its holdings in Paychex by 59.1% during the fourth quarter. Capital International Investors now owns 30,265,174 shares of the business services provider’s stock valued at $3,395,583,000 after purchasing an additional 11,243,295 shares during the period. State Street Corp increased its stake in Paychex by 1.6% in the fourth quarter. State Street Corp now owns 13,988,393 shares of the business services provider’s stock valued at $1,569,218,000 after purchasing an additional 216,045 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Paychex by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,550,173 shares of the business services provider’s stock valued at $1,295,698,000 after purchasing an additional 263,152 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Paychex by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,705,424 shares of the business services provider’s stock worth $1,093,958,000 after purchasing an additional 78,760 shares during the period. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Joseph M. Tucci sold 3,907 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $6,618,513. This trade represents a 5.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PAYX shares. Robert W. Baird reduced their price target on shares of Paychex from $148.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, March 26th. Jefferies Financial Group lowered their price objective on shares of Paychex from $110.00 to $105.00 and set a “hold” rating for the company in a research report on Thursday, March 26th. BMO Capital Markets raised their price objective on Paychex to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Argus upgraded Paychex to a “strong-buy” rating in a report on Friday, March 27th. Finally, Stifel Nicolaus boosted their target price on Paychex from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.80.

View Our Latest Research Report on Paychex

Paychex News Summary

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 Stock Up 1.2%

PAYX stock traded up $1.28 during midday trading on Friday, hitting $107.54. The company’s stock had a trading volume of 2,179,668 shares, compared to its average volume of 3,609,491. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.26 and a quick ratio of 1.26. Paychex, Inc. has a twelve month low of $85.45 and a twelve month high of $148.11. The company’s fifty day moving average price is $98.16 and its 200 day moving average price is $98.48. The stock has a market capitalization of $38.53 billion, a P/E ratio of 21.99 and a beta of 0.84.

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

Paychex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th were given a $1.19 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This is a boost from Paychex’s previous quarterly dividend of $1.08. This represents a $4.76 annualized dividend and a dividend yield of 4.4%. 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.