Paychex, Inc. $PAYX Shares Sold by Confluence Investment Management LLC

Posted by George Bondi on Aug 4th, 2026

Confluence Investment Management LLC cut its holdings in Paychex, Inc. (NASDAQ:PAYX – Free Report) by 1.8% during the 2nd quarter, Holdings Channel reports. The firm owned 952,424 shares of the business services provider’s stock after selling 17,385 shares during the period. Paychex comprises approximately 1.5% of Confluence Investment Management LLC’s investment portfolio, making the stock its 26th biggest holding. Confluence Investment Management LLC’s holdings in Paychex were worth $93,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of PAYX. 44 Wealth Management LLC grew its holdings in Paychex by 2.7% during the 2nd quarter. 44 Wealth Management LLC now owns 3,290 shares of the business services provider’s stock valued at $479,000 after buying an additional 86 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Paychex by 3.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,645 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 89 shares during the last quarter. Greenleaf Trust boosted its stake in shares of Paychex by 1.7% during the 4th quarter. Greenleaf Trust now owns 5,834 shares of the business services provider’s stock worth $654,000 after purchasing an additional 95 shares during the last quarter. Prosperity Consulting Group LLC grew its holdings in shares of Paychex by 1.4% during the third quarter. Prosperity Consulting Group LLC now owns 7,270 shares of the business services provider’s stock worth $922,000 after buying an additional 100 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Paychex by 14.5% during the fourth quarter. SBI Securities Co. Ltd. now owns 798 shares of the business services provider’s stock worth $90,000 after buying an additional 101 shares in the last quarter. 83.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Paychex

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

Paychex Stock Performance

Shares of PAYX stock opened at $117.67 on Tuesday. The company’s fifty day simple moving average is $104.84 and its 200-day simple moving average is $98.57. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.22. Paychex, Inc. has a 52 week low of $85.45 and a 52 week high of $141.89. The company has a market cap of $41.85 billion, a PE ratio of 24.06 and a beta of 0.81.

Paychex (NASDAQ:PAYX – Get Free Report) last released its quarterly earnings data on Wednesday, June 24th. The business services provider reported $1.32 EPS for the quarter, beating the consensus estimate of $1.31 by $0.01. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. Paychex had a return on equity of 50.90% and a net margin of 27.03%.The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. As a group, equities research analysts anticipate 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 Friday, August 28th. Shareholders of record on Tuesday, July 28th will be given a $1.19 dividend. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a $4.76 annualized dividend and a yield of 4.0%. Paychex’s dividend payout ratio (DPR) is 97.34%.

Analyst Ratings Changes

PAYX has been the topic of a number of analyst reports. TD Cowen raised their target price on shares of Paychex from $94.00 to $98.00 and gave the stock a “hold” rating in a research report on Monday, June 8th. Weiss Ratings raised Paychex from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. increased their target price on Paychex from $100.00 to $105.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Morgan Stanley raised their price target on Paychex from $107.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 30th. Finally, Cantor Fitzgerald reaffirmed an “underweight” rating and set a $107.00 price objective on shares of Paychex in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Paychex has an average rating of “Hold” and an average price target of $108.20.

Check Out Our Latest Stock Analysis on PAYX

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.