NASDAQ · Industrials

Paychex PAYX

Paychex, Inc., together with its subsidiaries, provides human capital management solutions (HCM) for payroll, employee benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services.

Diversified Commercial Services

Company profile

Business mix

  • It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services.
  • The company provides retirement solutions, such as plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services.
  • In addition, it offers payroll solutions, including calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and management reports; preparation of federal, state, and local payroll tax returns.
  • Further, the company provides workforce management solutions; benefits administration solutions; digital marketplace for earned wages, financial wellness solutions, and voluntary lifestyle benefits.

Current key questions

  • Can demand for the company's products and platforms keep growing within software - application?
  • How durable are margins as product cycles, R&D spending, cloud or AI investment, and competition change?
  • Does customer concentration, switching cost, or ecosystem control support long-term pricing power?
Holders 1 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 22.2 FCF 5.8% Buyback 0.24%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Markel Group Tom Gayner 0.1% $13.8M 2026-03-31

Recent trading changes over the last 3 quarters

Net buyers 1 Last 3 13F filing periods
Net reducers 0 Last 3 13F filing periods
Unchanged holders 1 Share count unchanged
Increase amount $14.4M Estimated from net added shares
Reduction amount $0 Estimated from net reduced shares
Net share change / base shares +57.8% +155,947 / 269,799
Gotham Asset Management Joel Greenblatt 3 filing periods
13F 2025-09-30 Filed 2025-11-14
Major increase Shares 32.4% 13F value change +$2.7M
13F 2025-12-31 Filed 2026-02-17
Major increase Shares 125.1% 13F value change +$20.0M
13F 2026-03-31 Filed 2026-05-15
Major reduction Shares -22.8% 13F value change -$14.7M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 119,799 Last 3 periods +155,947 (+130.2%) Total shares 275,746 Value $25.4M
Markel Group Tom Gayner 3 filing periods
13F 2025-09-30 Filed 2025-10-31
Unchanged Shares 0.0% 13F value change $0
13F 2025-12-31 Filed 2026-02-06
Unchanged Shares 0.0% 13F value change $0
13F 2026-03-31 Filed 2026-05-01
Unchanged Shares 0.0% 13F value change $0
Settlement As of 13F 2026-03-31 · Filed 2026-05-01
Base shares 150,000 Last 3 periods +0 (0.0%) Total shares 150,000 Value $13.8M

Recent mentions

No public mentions.