Glenmede Trust Co. NA Cuts Stock Position in Paychex, Inc. $PAYX

Posted by Francis Steltz on Aug 2nd, 2026

Glenmede Trust Co. NA lessened its holdings in Paychex, Inc. (NASDAQ:PAYX – Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 224,532 shares of the business services provider’s stock after selling 7,488 shares during the period. Glenmede Trust Co. NA owned approximately 0.06% of Paychex worth $20,684,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Hilton Head Capital Partners LLC purchased a new position in shares of Paychex in the 4th quarter worth $31,000. Cornerstone Planning Group LLC increased its holdings in shares of Paychex by 957.1% in the 4th quarter. Cornerstone Planning Group LLC now owns 296 shares of the business services provider’s stock worth $30,000 after buying an additional 268 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of Paychex during the 4th quarter valued at about $33,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Paychex during the 4th quarter valued at about $34,000. Finally, Wealth Watch Advisors INC bought a new position in shares of Paychex in the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Paychex Stock Performance

Shares of Paychex stock opened at $116.84 on Friday. The stock’s fifty day moving average is $104.42 and its two-hundred day moving average is $98.61. The company has a market capitalization of $41.56 billion, a PE ratio of 23.89 and a beta of 0.84. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. Paychex, Inc. has a 52 week low of $85.45 and a 52 week high of $146.83.

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

Paychex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, July 28th will be paid a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 28th. Paychex’s dividend payout ratio (DPR) is currently 97.34%.

Analysts Set New Price Targets

Several research analysts recently commented on PAYX shares. TD Cowen lifted their price target on Paychex from $94.00 to $98.00 and gave the stock a “hold” rating in a research report on Monday, June 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of Paychex in a research report on Thursday, May 28th. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $107.00 price objective on shares of Paychex in a research note on Monday, July 20th. Stifel Nicolaus lifted their target price on Paychex from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Wednesday, June 17th. Finally, JPMorgan Chase & Co. boosted their target price on Paychex from $100.00 to $105.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Paychex currently has a consensus rating of “Hold” and an average price target of $108.20.

Check Out Our Latest Stock Analysis on Paychex

Insider Activity

In related news, Director Joseph M. Tucci sold 3,907 shares of Paychex 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 $6,618,513. This trade represents a 5.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert L. Schrader sold 2,600 shares of the business’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $115.09, for a total transaction of $299,234.00. Following the completion of the sale, the chief financial officer directly owned 18,547 shares of the company’s stock, valued at approximately $2,134,574.23. This trade represents a 12.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.80% of the company’s stock.

Paychex Profile

(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.