PAYCHEX INC PAYX
COM · Common Stock · CUSIP 704326107 · ISIN US7043261079
- SectorIndustrials
- IndustryServices-Engineering, Accounting, Research, Management
- HeadquartersRochester, NY
- Founded1971
- Websitepaychex.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($84.0m this quarter). Holder counts are more reliable. Shares outstanding: 355.7m as of 2026-06-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $98.35. Options: 21 managers hold calls ($222.5m notional), 24 hold puts ($174.5m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,427 |
| Q4 2022 | 1,447 |
| Q1 2023 | 1,434 |
| Q2 2023 | 1,420 |
| Q3 2023 | 1,449 |
| Q4 2023 | 1,512 |
| Q1 2024 | 1,532 |
| Q2 2024 | 1,520 |
| Q3 2024 | 1,545 |
| Q4 2024 | 1,636 |
| Q1 2025 | 1,704 |
| Q2 2025 | 1,675 |
| Q3 2025 | 1,619 |
| Q4 2025 | 1,589 |
| Q1 2026 | 1,511 |
| Q2 2026 | 1,529 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 675 | 672 |
| Q4 2024 | 671 | 643 |
| Q1 2025 | 723 | 708 |
| Q2 2025 | 693 | 738 |
| Q3 2025 | 637 | 827 |
| Q4 2025 | 627 | 813 |
| Q1 2026 | 742 | 743 |
| Q2 2026 | 773 | 656 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $348.6m | $274.0m | 0.79 |
| Q4 2025 | $234.4m | $118.5m | 0.51 |
| Q1 2026 | $182.0m | $149.0m | 0.82 |
| Q2 2026 | $222.5m | $174.5m | 0.78 |
Biggest buyers
| VICTORY CAPITAL MANAGEMENT INC | Added | +1.3m |
| MORGAN STANLEY | Added | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.2m |
| AQR CAPITAL MANAGEMENT LLC | Added | +1.1m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +1.0m |
| FIRST TRUST ADVISORS LP | Added | +1.0m |
| MARSHALL WACE, LLP | Added | +762.4k |
| GOLDMAN SACHS GROUP INC | Added | +660.2k |
| FMR LLC | Added | +596.1k |
| Gotham Asset Management, LLC | Added | +481.4k |
Biggest sellers
| Capital Research Global Investors | Sold out | -2.1m |
| AMERIPRISE FINANCIAL INC | Reduced | -1.6m |
| Select Equity Group, L.P. | Reduced | -1.3m |
| Capital International Investors | Reduced | -1.1m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -988.8k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -947.7k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -791.0k |
| BlackRock, Inc. | Reduced | -661.3k |
| WEDGE CAPITAL MANAGEMENT L L P/NC | Sold out | -564.0k |
| Epoch Investment Partners, Inc. | Sold out | -516.9k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $52.7m536.0k shares |
| CITADEL ADVISORS LLC | Added | $47.2m479.8k shares |
| JANE STREET GROUP, LLC | Added | $46.5m473.1k shares |
| IMC-Chicago, LLC | Added | $27.4m278.8k shares |
| GROUP ONE TRADING LLC | Added | $12.8m130.0k shares |
| Walleye Capital LLC | Added | $7.6m77.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $7.2m73.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.8m39.0k shares |
| Delta Accumulation, LLC | New | $3.2m32.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $2.2m22.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $51.7m525.9k shares |
| CITADEL ADVISORS LLC | Added | $20.9m212.9k shares |
| GOLDMAN SACHS GROUP INC | New | $14.2m144.2k shares |
| IMC-Chicago, LLC | Added | $12.7m129.6k shares |
| Point72 Asset Management, L.P. | New | $12.6m128.6k shares |
| WS MANAGEMENT LLLP | Reduced | $9.8m100.0k shares |
| JANE STREET GROUP, LLC | Added | $9.2m93.9k shares |
| Walleye Trading LLC | Added | $7.2m73.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $7.1m71.8k shares |
| Walleye Capital LLC | Added | $6.0m61.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Capital International Investors 13G · institution +3.2 pts · filed 2026-02-13 | 8.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.8% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 3 | $14.2m | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 2 | $5.4m | — |
| Q3 2025 | 0 | — | 4 | $16.6m | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 2 | $197.3k | 0 | — | — |
| Q2 2026 | 0 | — | 2 | $425.2k | — |
| Q3 2026 | 0 | — | 3 | $3.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-07-20 | Schrader Robert L. Sr. VP, CFO | Sold | $299.2k2.6k shares |
| 2026-07-17 | Simmons Christopher C VP, Controller & Treasurer | Sold | $303.1k2.6k shares |
| 2026-07-14 | MUCCI MARTIN Director | Sold | $2.7m25.0k shares |
| 2026-06-26 | TUCCI JOSEPH M Director | Sold | $383.9k3.9k shares |
| 2026-05-13 | Roaldsen Elizabeth Sr. Vice President | Sold | $41.3k459 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Capital International Investors 0.59% of their portfolio | 28.8m $2.8bn | Reduced -1.1m |
| BlackRock, Inc. 0.04% of their portfolio | 27.8m $2.7bn | Reduced -661.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 21.0m $2.1bn | Added +75.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.07% of their portfolio | 15.3m $1.5bn | Added +28.2k |
| STATE STREET CORP 0.04% of their portfolio | 14.4m $1.4bn | Added +361.7k |
| Invesco Ltd. 0.10% of their portfolio | 13.0m $1.3bn | Added +255.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.14% of their portfolio | 10.4m $1.0bn | Added +1.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 10.3m $1.0bn | Reduced -20.5k |
| MORGAN STANLEY 0.03% of their portfolio | 6.5m $643.2m | Added +1.2m |
| FEDERATED HERMES, INC. 0.83% of their portfolio | 5.9m $578.4m | Reduced -3.8k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 4.6m $454.2m | Added +660.2k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 4.4m $434.1m | Added +90.4k |
| NORTHERN TRUST CORP 0.05% of their portfolio | 4.0m $394.0m | Added +9.7k |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 3.9m $378.8m | Reduced -387.0k |
| FIRST TRUST ADVISORS LP 0.19% of their portfolio | 3.4m $331.0m | Added +1.0m |
| UBS Group AG 0.05% of their portfolio | 3.3m $324.8m | Reduced -228.8k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.8m $283.4m | Added +96.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.06% of their portfolio | 2.8m $271.8m | Reduced -10.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.15% of their portfolio | 2.7m $269.5m | Added +1.3m |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.7m $266.2m | Reduced -116.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 2.7m $262.5m | Reduced -29.9k |
| MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio | 2.3m $229.1m | Added +1.2m |
| Select Equity Group, L.P. 1.21% of their portfolio | 2.3m $228.1m | Reduced -1.3m |
| NORGES BANK 0.02% of their portfolio | 2.1m $209.6m | Not comparable |
| Legal & General Group Plc 0.04% of their portfolio | 2.1m $207.2m | Reduced -238.1k |
| STIFEL FINANCIAL CORP 0.17% of their portfolio | 2.0m $201.1m | Added +199.7k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 2.0m $200.6m | Added +1.1m |
| Bank of New York Mellon Corp 0.03% of their portfolio | 2.0m $193.6m | Reduced -39.2k |
| Guinness Asset Management LTD 3.08% of their portfolio | 1.9m $182.0m | Reduced -112.2k |
| VANGUARD FIDUCIARY TRUST CO 0.04% of their portfolio | 1.8m $178.0m | Reduced -22.5k |
| RAYMOND JAMES FINANCIAL INC 0.05% of their portfolio | 1.8m $173.9m | Added +18.3k |
| FMR LLC 0.01% of their portfolio | 1.7m $162.8m | Added +596.1k |
| Amundi 0.04% of their portfolio | 1.6m $153.6m | Reduced -72.6k |
| DEUTSCHE BANK AG\ 0.04% of their portfolio | 1.5m $150.7m | Added +133.3k |
| LPL Financial LLC 0.03% of their portfolio | 1.5m $147.8m | Added +51.9k |
| LONDON CO OF VIRGINIA 0.74% of their portfolio | 1.3m $130.4m | Reduced -27.7k |
| Pacer Advisors, Inc. 0.33% of their portfolio | 1.3m $128.8m | Reduced -12.1k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 1.2m $117.9m | Reduced -117.5k |
| Hamlin Capital Management, LLC 2.65% of their portfolio | 1.2m $117.7m | Added +59.6k |
| PNC Financial Services Group, Inc. 0.05% of their portfolio | 1.1m $103.6m | Added +48.8k |
| Nuveen, LLC 0.02% of their portfolio | 1.0m $99.6m | Added +32.5k |
| MARSHALL WACE, LLP 0.08% of their portfolio | 970.9k $95.5m | Added +762.4k |
| CONFLUENCE INVESTMENT MANAGEMENT LLC 1.46% of their portfolio | 952.4k $93.7m | Reduced -17.4k |
| Swiss National Bank 0.05% of their portfolio | 909.5k $89.4m | Reduced -38.6k |
| Swiss Life Asset Management Ltd 0.36% of their portfolio | 888.5k $87.4m | Reduced -86.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.05% of their portfolio | 818.8k $80.5m | Reduced -40.9k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 814.9k $80.1m | Added +91.4k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 810.3k $79.7m | Added +32.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.08% of their portfolio | 801.8k $78.8m | Added +341.0k |
| Baird Financial Group, Inc. 0.10% of their portfolio | 775.0k $76.2m | Added +5.0k |
| MCDONALD CAPITAL INVESTORS INC/CA 5.55% of their portfolio | 772.5k $76.0m | Reduced -66.7k |
| Gotham Asset Management, LLC 0.17% of their portfolio | 757.1k $74.4m | Added +481.4k |
| Corient Private Wealth LP 0.10% of their portfolio | 747.9k $73.5m | Added +5.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.05% of their portfolio | 736.4k $72.4m | Added +77.5k |
| CRAWFORD INVESTMENT COUNSEL INC 1.18% of their portfolio | 720.4k $70.8m | Added +163.2k |
| BARCLAYS PLC 0.02% of their portfolio | 710.7k $69.9m | Reduced -212.6k |
| Vanguard Global Advisers, LLC 0.03% of their portfolio | 695.6k $68.4m | Reduced -11.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 690.2k $67.9m | Added +44.8k |
| National Pension Service 0.04% of their portfolio | 685.7k $67.4m | Added +734 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 679.9k $66.9m | Added +48.1k |
| Quantinno Capital Management LP 0.08% of their portfolio | 675.2k $66.4m | Added +286.5k |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 611.8k $60.2m | Reduced -26.5k |
| Mariner, LLC 0.06% of their portfolio | 590.4k $58.1m | Added +79.7k |
| CITIGROUP INC 0.03% of their portfolio | 582.0k $57.2m | Reduced -219.9k |
| DONALDSON CAPITAL MANAGEMENT, LLC 1.63% of their portfolio | 581.3k $57.2m | Added +25.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 577.1k $56.8m | Added +16.2k |
| California Public Employees Retirement System 0.03% of their portfolio | 565.5k $55.6m | Reduced -465.9k |
| NOMURA ASSET MANAGEMENT CO LTD 0.11% of their portfolio | 526.0k $51.7m | Reduced -5.5k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 520.4k $47.9m | Reduced -99.3k |
| Woodline Partners LP 0.15% of their portfolio | 504.8k $49.6m | Reduced -11.8k |
| MILLER HOWARD INVESTMENTS INC /NY 1.31% of their portfolio | 503.6k $49.5m | Added +73.1k |
| Welch Group, LLC 1.69% of their portfolio | 503.6k $49.5m | Added +19.1k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 494.6k $45.4m | Unchanged |
| Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio | 492.3k $48.4m | Added +70.1k |
| Capital International, Inc./CA/ 0.33% of their portfolio | 483.3k $47.5m | Reduced -39.9k |
| Cerity Partners LLC 0.06% of their portfolio | 476.0k $46.8m | Added +53.6k |
| Willis Investment Counsel 2.19% of their portfolio | 467.7k $46.0m | Added +30.7k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 432.4k $42.5m | Added +306.0k |
| MML INVESTORS SERVICES, LLC 0.09% of their portfolio | 423.8k $41.7m | Added +75.8k |
| OLD REPUBLIC INTERNATIONAL CORP 1.56% of their portfolio | 423.1k $41.6m | Unchanged |
| PFA Pension, Forsikringsaktieselskab 0.10% of their portfolio | 418.4k $41.1m | Reduced -250.3k |
| GRANDFIELD & DODD, LLC 2.15% of their portfolio | 417.1k $41.0m | Added +30.9k |
| Prana Capital Management, LP 1.20% of their portfolio | 400.1k $39.3m | Added +339.0k |
| &PARTNERS 0.16% of their portfolio | 398.1k $39.2m | Added +26.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 393.8k $38.7m | Reduced -13.1k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 393.0k $38.7m | Reduced -1.6m |
| ProShare Advisors LLC 0.05% of their portfolio | 384.4k $37.8m | Reduced -121.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 381.7k $37.5m | Reduced -382.2k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 373.0k $36.7m | Added +49.0k |
| Welch & Forbes LLC 0.43% of their portfolio | 363.5k $35.7m | Added +1.4k |
| LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio | 357.3k $35.1m | Reduced -108.0k |
| BAILLIE GIFFORD & CO 0.03% of their portfolio | 348.9k $34.3m | Added +25.2k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.17% of their portfolio | 344.0k $33.8m | Added +882 |
| RWC Asset Management LLP 1.23% of their portfolio | 329.7k $32.4m | Added +6.3k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 326.3k $32.2m | Added +39.9k |
| Creative Planning 0.02% of their portfolio | 321.7k $31.6m | Added +98.7k |
| ALPS ADVISORS INC 0.15% of their portfolio | 319.3k $31.4m | Reduced -20.2k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.05% of their portfolio | 313.9k $30.9m | Reduced -8.1k |
| TOCQUEVILLE ASSET MANAGEMENT L.P. 0.40% of their portfolio | 310.6k $30.5m | Added +190.1k |
| APG Asset Management N.V. 0.07% of their portfolio | 308.5k $26.5m | Added +46.5k |