Paychex, Inc. $PAYX Stock: Sumitomo Mitsui Trust Group Inc. Decreases Holdings

Posted by Geri Gentry on Nov 4th, 2026

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Paychex, Inc. (NASDAQ:PAYX – Free Report) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 805,515 shares of the business services provider’s stock after selling 13,307 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Paychex worth $79,343,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. XXEC Inc. acquired a new stake in shares of Paychex in the second quarter valued at approximately $1,123,016,000. BlackRock Inc. acquired a new stake in shares of Paychex during the second quarter valued at about $2,728,970,000. Bank of America Corp DE bought a new stake in shares of Paychex in the second quarter worth $434,061,000. Legal & General Group Plc acquired a new stake in Paychex in the second quarter valued at $207,184,000. Finally, Bank of New York Mellon Corp bought a new position in Paychex during the 2nd quarter worth $193,555,000. Institutional investors own 83.47% of the company’s stock.

Insider Activity

In other news, Director Joseph Velli sold 7,839 shares of the stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $107.68, for a total transaction of $844,103.52. Following the completion of the transaction, the director owned 81,725 shares in the company, valued at approximately $8,800,148. This represents a 8.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PAYX. Robert W. Baird decreased their price target on Paychex from $125.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, September 28th. Cantor Fitzgerald cut their price target on Paychex from $112.00 to $96.00 and set an “underweight” rating on the stock in a report on Monday, September 28th. Royal Bank Of Canada restated a “sector perform” rating and issued a $130.00 price target on shares of Paychex in a report on Thursday, September 24th. Wells Fargo & Company upped their price objective on shares of Paychex from $95.00 to $111.00 and gave the company an “underweight” rating in a report on Wednesday, September 9th. Finally, Stifel Nicolaus lowered their target price on Paychex from $130.00 to $112.00 and set a “hold” rating on the stock in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $127.88.

View Our Latest Stock Analysis on PAYX

Paychex Trading Up 0.1%

NASDAQ PAYX opened at $115.65 on Wednesday. The stock has a market capitalization of $41.17 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.42 and a beta of 0.81. Paychex, Inc. has a one year low of $85.45 and a one year high of $127.98. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.28 and a quick ratio of 1.28. The business’s fifty day moving average is $112.42 and its 200-day moving average is $103.65.

Paychex (NASDAQ:PAYX – Get Free Report) last posted its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.02. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.63 billion. Paychex had a net margin of 27.35% and a return on equity of 52.78%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 earnings per share. Paychex has set its FY 2027 guidance at 5.896-6.006 EPS. Equities research analysts predict that Paychex, Inc. will post 5.96 EPS for the current year.

Paychex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, October 26th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, October 26th. Paychex’s dividend payout ratio is 94.44%.

Paychex Company Profile

(Free Report)

Paychex, Inc provides payroll, human resources and employee-benefits solutions to small and medium-sized businesses. Its offerings include payroll processing, tax administration, time and attendance management, recruiting, onboarding, human resources administration, compliance support and employee benefits services.

The company also provides retirement-plan services, insurance solutions and professional employer organization services. Through its software and outsourced services, Paychex helps employers manage workforce administration, employee data and regulatory requirements.

Paychex was founded in 1971 by B.