Abc Arbitrage 13F: New $4.9M Stake in Paychex (PAYX)

Abc Arbitrage disclosed a new stake in Paychex, Inc. PAYX, acquiring 50,158 shares valued at approximately $4.94 million. The investment firm revealed the new holding in a Form 13F filing filed with the SEC on October 23, 2026.

PAYX Paychex, Inc.

$117.90 ▲ +12.26% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Abc Arbitrage's Paychex Position

The firm established a brand-new position in the human capital management provider, taking on 50,158 shares with a reported value of $4.94 million. Because this is a new investment, there was no prior share count or percentage change to report for this specific filing.

Other Institutional Activity in Paychex

Other major funds have also adjusted their holdings in the software provider. Fifth Third Wealth Advisors grew its holdings by 8,900 shares, ending with 12,935 shares worth about $1.27 million. Integrated Advisors Network increased its stake by 18,494 shares, bringing its total to 22,138 shares valued at roughly $2.18 million. Meanwhile, Capital International Investors trimmed its position by 1,108,096 shares to hold 28,840,445 shares worth about $3.40 billion, and Federated Hermes, Inc. reduced its stake by 3,531 shares to finish with 5,881,768 shares valued at approximately $694.28 million.

Paychex, Inc. Stock Up 4.9%

Paychex shares recently traded around $118.04, closing at that exact level on October 23, 2026. The stock trades about 7.8% below its 52-week high of $127.98 and sits well above its 52-week low of $85.45.

Recent Earnings

Paychex posted trailing-twelve-month revenue of $6.60 billion and earnings of $5.04 per share. Its next quarterly earnings release is scheduled for December 18, 2026.

Dividend

Paychex pays an annual dividend rate of $4.76 per share, which translates to a dividend yield of 4.01%.

Insider Buying and Selling at Paychex, Inc.

Company insiders completed several stock sales prior to the filing. Chairman of the board Martin Mucci sold 25,000 shares on July 14, 2026, at an average price of $109.93 for a total value of $2,748,250. Officer and treasurer Christopher C. Simmons sold 2,615 shares on July 17, 2026, at $115.92 per share for a total of $303,131. Chief financial officer Robert L. Schrader sold 2,600 shares on July 20, 2026, at $115.09 per share for a total of $299,234. Finally, director Joseph M. Velli sold 7,839 shares on October 14, 2026, at $107.68 per share for a total of $844,103.52.

Analysts Set New Price Targets

Wall Street analysts have recently adjusted their views on the stock. On September 24, 2026, UBS maintained a neutral rating while lowering its price target to $115.00 from $125.00. On the same day, BMO Capital maintained a market perform rating and cut its target to $113.00 from $118.00, while Stifel maintained a hold rating and lowered its target to $112.00 from $130.00. On September 28, 2026, Baird maintained a neutral rating and reduced its target to $110.00 from $125.00, and Cantor Fitzgerald maintained an underweight rating while lowering its target to $96.00 from $112.00.

About Paychex, Inc.

Headquartered in Rochester, New York, Paychex provides technology-driven human resources, payroll processing, employee benefits, and insurance services to small and medium-sized businesses. The company serves clients globally through its comprehensive software and advisory solutions.

Bottom Line

Abc Arbitrage's new position comes as Paychex prepares to deliver its next earnings report on December 18, 2026. Investors will be watching to see how institutional demand holds up as the company approaches the end of the year.