Sumitomo Mitsui Trust Group Inc. Sells 13,307 Shares of Paychex, Inc. $PAYX

04 Nov 2026, 11:03 by Kim Johansen · The Markets Daily

Sumitomo Mitsui Trust Group Inc. lessened its position in Paychex, Inc. (NASDAQ:PAYX – Free Report) by 1.6% during the third quarter, Holdings Channel.com reports. The fund owned 805,515 shares of the business services provider’s stock after selling 13,307 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Paychex were worth $79,343,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PAYX. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Paychex in the third quarter worth $54,897,000. Aviance Capital Partners LLC increased its position in Paychex by 3.3% during the 3rd quarter. Aviance Capital Partners LLC now owns 9,908 shares of the business services provider’s stock valued at $976,000 after purchasing an additional 315 shares during the period. ProShare Advisors LLC increased its position in shares of Paychex by 2.8% during the third quarter. ProShare Advisors LLC now owns 395,061 shares of the business services provider’s stock valued at $38,914,000 after buying an additional 10,696 shares during the period. Grandfield & Dodd LLC increased its position in shares of Paychex by 0.8% during the third quarter. Grandfield & Dodd LLC now owns 420,273 shares of the business services provider’s stock valued at $41,397,000 after buying an additional 3,181 shares during the period. Finally, Cidel Asset Management Inc. raised its position in shares of Paychex by 6.4% in the 3rd quarter. Cidel Asset Management Inc. now owns 2,691 shares of the business services provider’s stock worth $265,000 after acquiring an additional 162 shares in the last quarter. 83.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. BMO Capital Markets lowered their price objective on Paychex from $118.00 to $113.00 and set a “market perform” rating for the company in a research report on Thursday, September 24th. Citigroup increased their price target on shares of Paychex from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Wolfe Research upgraded shares of Paychex from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, September 16th. Raymond James Financial raised shares of Paychex from a “market perform” rating to an “outperform” rating and set a $210.00 price target for the company in a research report on Thursday, July 16th. Finally, Robert W. Baird dropped their price objective on shares of Paychex from $125.00 to $110.00 and set a “neutral” rating on the stock in a research note on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Paychex has an average rating of “Hold” and a consensus price target of $127.88.

View Our Latest Stock Report on PAYX

Paychex Trading Up 0.1%

NASDAQ:PAYX opened at $115.65 on Wednesday. The stock has a market cap of $41.17 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.42 and a beta of 0.81. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.23. The company’s 50 day moving average price is $112.42 and its 200-day moving average price is $103.65. Paychex, Inc. has a 52 week low of $85.45 and a 52 week high of $127.98.

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

Paychex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, October 26th will be paid a $1.19 dividend. The ex-dividend date is Monday, October 26th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 4.1%. Paychex’s payout ratio is currently 94.44%.

Insider Activity at Paychex

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 transaction, the director directly owned 81,725 shares of the company’s stock, valued at $8,800,148. This represents a 8.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by corporate insiders.

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.