Legal & General Group Plc Invests $207.18 Million in Paychex, Inc. $PAYX

Posted by Geri Gentry on Aug 27th, 2026

Legal & General Group Plc acquired a new position in Paychex, Inc. (NASDAQ:PAYX – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,107,031 shares of the business services provider’s stock, valued at approximately $207,184,000.

A number of other large investors have also recently bought and sold shares of PAYX. XXEC Inc. acquired a new stake in shares of Paychex during the 2nd quarter worth approximately $1,123,016,000. Capital International Investors grew its stake in Paychex by 59.1% during the 4th quarter. Capital International Investors now owns 30,265,174 shares of the business services provider’s stock worth $3,395,583,000 after buying an additional 11,243,295 shares during the last quarter. BlackRock Inc. bought a new position in Paychex during the 2nd quarter worth $2,728,970,000. State Street Corp increased its position 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 worth $1,569,218,000 after buying an additional 216,045 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted 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 buying an additional 263,152 shares during the last quarter. Institutional investors own 83.47% of the company’s stock.

Insider Transactions at Paychex

In related news, Director Joseph M. Tucci sold 3,907 shares of Paychex stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $98.25, for a total value of $383,862.75. Following the completion of the sale, the director directly owned 67,364 shares in the company, valued at $6,618,513. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert L. Schrader sold 2,600 shares of Paychex stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $115.09, for a total transaction of $299,234.00. Following the sale, the chief financial officer owned 18,547 shares of the company’s stock, valued at approximately $2,134,574.23. This represents a 12.29% decrease in their position. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

PAYX has been the subject of several analyst reports. UBS Group boosted their price target on shares of Paychex from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Jefferies Financial Group raised their price objective on shares of Paychex from $105.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, August 12th. TD Cowen lifted their target price on Paychex from $94.00 to $98.00 and gave the stock a “hold” rating in a report on Monday, June 8th. JPMorgan Chase & Co. boosted their price target on shares of Paychex from $100.00 to $105.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. Finally, Weiss Ratings upgraded Paychex from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Paychex currently has a consensus rating of “Hold” and an average price target of $109.20.

Read Our Latest Analysis on PAYX

Paychex Price Performance

NASDAQ PAYX opened at $124.88 on Thursday. Paychex, Inc. has a 1 year low of $85.45 and a 1 year high of $139.53. The company has a fifty day simple moving average of $112.62 and a 200 day simple moving average of $100.57. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.22. The company has a market cap of $44.42 billion, a P/E ratio of 25.54 and a beta of 0.81.

Paychex (NASDAQ:PAYX – Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The business services provider reported $1.32 EPS for the quarter, topping the consensus estimate of $1.31 by $0.01. The company had revenue of $1.61 billion for 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 company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. On average, sell-side analysts predict that Paychex, Inc. will post 5.96 EPS 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 given a dividend of $1.19 per share. The ex-dividend date is Tuesday, July 28th. This represents a $4.76 annualized dividend and a yield of 3.8%. Paychex’s dividend payout ratio is 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.