Paychex, Inc. $PAYX Shares Purchased by South Dakota Investment Council

Posted by Stanley Muller on Aug 1st, 2026

South Dakota Investment Council raised its holdings in shares of Paychex, Inc. (NASDAQ:PAYX – Free Report) by 119.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,517 shares of the business services provider’s stock after purchasing an additional 9,000 shares during the period. South Dakota Investment Council’s holdings in Paychex were worth $1,522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its position 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. Hilton Head Capital Partners LLC bought a new stake in shares of Paychex during the 4th quarter valued at about $31,000. Kingdom Financial Group LLC. bought a new stake in shares of Paychex during the 4th quarter valued at about $33,000. Leonteq Securities AG raised its stake in Paychex by 2,669.2% during the first quarter. Leonteq Securities AG now owns 360 shares of the business services provider’s stock worth $33,000 after acquiring an additional 347 shares during the period. Finally, Acumen Wealth Advisors LLC acquired a new stake in Paychex during the fourth quarter worth about $34,000. 83.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PAYX. Weiss Ratings raised shares of Paychex from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 20th. TD Cowen upped their target price on Paychex from $94.00 to $98.00 and gave the company a “hold” rating in a report on Monday, June 8th. Stifel Nicolaus increased their price target on Paychex from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, June 17th. JPMorgan Chase & Co. raised their price target on Paychex from $100.00 to $105.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Finally, Citigroup raised their price target on Paychex from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Paychex presently has an average rating of “Hold” and an average price target of $108.20.

View Our Latest Research Report on PAYX

Paychex Price Performance

Shares of NASDAQ PAYX opened at $116.84 on Friday. Paychex, Inc. has a fifty-two week low of $85.45 and a fifty-two week high of $146.83. The firm’s 50-day simple moving average is $104.42 and its 200 day simple moving average is $98.61. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. The stock has a market cap of $41.56 billion, a P/E ratio of 23.89 and a beta of 0.84.

Paychex (NASDAQ:PAYX – Get Free Report) last posted its quarterly earnings data on Wednesday, June 24th. The business services provider reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.01. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.60 billion. Paychex had a net margin of 27.03% and a return on equity of 50.90%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 earnings per share. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. Equities analysts expect 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. Stockholders of record on Tuesday, July 28th will be paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, July 28th. Paychex’s dividend payout ratio is currently 97.34%.

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.