Integrated Advisors Network 13F: Adds $1.8M to PAYX Stake
Key Points
- Integrated Advisors Network boosted its Paychex, Inc. PAYX holdings by 507.5%, adding 18,494 shares to bring its total stake to 22,138 shares valued at about $2.18 million.
- Paychex, Inc. PAYX trades near $12.62 following its October 20, 2026 filing, backed by $6.60 billion in trailing twelve month revenue and a 27.4% net margin.
- Several company insiders completed stock sales over the summer and autumn, while Wall Street analysts maintain cautious ratings ahead of the December earnings report.
Since the filing, $PAYX is up 0.3% to date (from the $112.62 close on Oct 20, 2026).
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Integrated Advisors Network boosted its holdings in Paychex, Inc. PAYX by 507.5% during the quarter, according to a Form 13F filing with the SEC on October 20, 2026. The firm acquired an additional 18,494 shares of the human capital management software provider, bringing its total ownership to 22,138 shares valued at approximately $2.18 million.
PAYX
Paychex, Inc.
Integrated Advisors Network vs. the S&P 500
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What Changed in Integrated Advisors Network's Paychex, Inc. Position
The firm expanded its investment significantly from a prior level of 3,644 shares. The substantial addition reflects a strong expansion of the firm's portfolio allocation toward the software provider during the period.
Other Institutional Activity in Paychex, Inc.
Other large institutional investors adjusted their positions in the stock around the same reporting period. Capital International Investors reduced its holdings by 1,108,096 shares, ending the quarter with 28,840,445 shares worth about $3.24 billion. Federated Hermes, Inc. trimmed its stake by 3,531 shares, or 0.1%, leaving it with 5,881,768 shares valued at approximately $661.70 million.
Paychex, Inc. Stock Up 1.7%
The company's shares closed at $112.62 on the filing date of October 20, 2026, and recently traded at the same level of $112.62 as of October 22, 2026. The stock moves alongside a beta of 0.848, indicating lower volatility than the broader market.
Recent Earnings
Paychex generated $6.60 billion in trailing twelve month revenue with an earnings per share total of $5.04. The enterprise maintains a net profit margin of 27.4% and a return on equity of 47.1%. The next quarterly financial update is scheduled for December 18, 2026.
Dividend
The company pays an annual dividend rate of $4.76 per share, accompanied by a dividend payout ratio of 90.1%.
Insider Buying and Selling at Paychex, Inc.
Company insiders completed several stock transactions leading up to the autumn filing cycle. On July 14, 2026, Chairman of the Board Martin Mucci sold 25,000 shares at $109.93 for a total of $2.75 million. Officer and Treasurer Christopher C Simmons disposed of 2,615 shares on July 17, 2026, at $115.92 per share, totaling $303,131. Chief Financial Officer Robert L. Schrader sold 2,600 shares on July 20, 2026, at $115.09 for roughly $299,234. Finally, Director Joseph M Velli parted with 7,839 shares on October 14, 2026, at $107.68, realizing about $844,104.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock through late September 2026. On September 24, 2026, UBS maintained a Neutral rating while moving its price target from $125.00 to $115.00. BMO Capital kept a Market Perform rating on September 24, 2026, adjusting its target from $118.00 to $113.00. Stifel maintained a Hold rating on September 24, 2026, lowering its target from $130.00 to $112.00. Baird maintained a Neutral rating on September 28, 2026, adjusting the target from $125.00 to $110.00. Cantor Fitzgerald maintained an Underweight rating on September 28, 2026, cutting its target from $112.00 to $96.00.
About Paychex, Inc.
Paychex, Inc. operates out of Rochester, New York, providing human capital management solutions to small and medium-sized businesses. The business delivers software and advisory services covering payroll processing, employee benefits, retirement services, and human resources administration across multiple international markets.
Bottom Line
Investors will look toward the upcoming earnings release on December 18, 2026, for fresh details on revenue growth and profit margins. Future institutional filings will also reveal whether firms like Integrated Advisors Network continue to build their positions.
Related Filing Alerts
Source: Integrated Advisors Network's 13F filing on $PAYX (Oct 20, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts