Sumitomo Life Insurance Co. Boosts Stock Position in Paychex, Inc. $PAYX

Posted by Brenda Bartman on Jun 13th, 2026

Sumitomo Life Insurance Co. lifted its stake in shares of Paychex, Inc. (NASDAQ:PAYX – Free Report) by 16.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,600 shares of the business services provider’s stock after acquiring an additional 12,200 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Paychex were worth $9,490,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PAYX. Vermillion & White Wealth Management Group LLC bought a new stake in Paychex during the 3rd quarter valued at approximately $27,000. Cornerstone Planning Group LLC raised its stake in Paychex by 957.1% during the 4th 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 during the period. Stance Capital LLC bought a new stake in Paychex during the 3rd quarter valued at approximately $31,000. Hilton Head Capital Partners LLC bought a new stake in Paychex during the 4th quarter valued at approximately $31,000. Finally, Kingdom Financial Group LLC. bought a new stake in Paychex in the 4th quarter worth approximately $33,000. 83.47% of the stock is currently owned by institutional investors.

Paychex Price Performance

PAYX opened at $100.63 on Friday. The business has a fifty day moving average of $93.95 and a 200 day moving average of $100.07. Paychex, Inc. has a 52-week low of $85.45 and a 52-week high of $154.90. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.13. The stock has a market cap of $36.05 billion, a P/E ratio of 22.17 and a beta of 0.84.

Paychex (NASDAQ:PAYX – Get Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Paychex had a return on equity of 48.52% and a net margin of 25.84%.The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the business earned $1.49 EPS. Paychex’s revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Paychex, Inc. will post 5.5 EPS for the current year.

Paychex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 13th were paid a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 4.7%. This is a boost from Paychex’s previous quarterly dividend of $1.08. The ex-dividend date was Wednesday, May 13th. Paychex’s payout ratio is presently 104.85%.

Wall Street Analysts Forecast Growth

PAYX has been the topic of a number of research reports. Citigroup reduced their price objective on Paychex from $120.00 to $99.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Wells Fargo & Company reduced their price objective on Paychex from $116.00 to $95.00 and set an “underweight” rating on the stock in a research note on Thursday, March 26th. TD Cowen lifted their price objective on Paychex from $94.00 to $98.00 and gave the stock a “hold” rating in a research note on Monday. Robert W. Baird reduced their price objective on Paychex from $148.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, March 26th. Finally, UBS Group reduced their price objective on Paychex from $98.00 to $94.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Paychex currently has an average rating of “Reduce” and a consensus target price of $106.63.

Check Out Our Latest Analysis on Paychex

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.