Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Paychex Inc (PAYX)

2K + Investors. Track Smart Money conviction in PAYX. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +23
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — PAYX

Based on 1536 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PAYX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
1,536 funds currently hold this stock — 92% of the 3.0-year high of 1,676 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 8% fewer funds vs a year ago

fund count last 6Q
126 fewer hedge funds hold PAYX compared to a year ago (-8% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 54% buying

800 buying692 selling
Last quarter: 800 funds bought or added vs 692 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~167 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 131 → 179 → 163 → 167. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

71% of holders stayed for 2+ years

■ 71% conviction (2yr+) ■ 14% medium ■ 15% new
1,091 out of 1,536 hedge funds have held PAYX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +62%, value +13%

Value
+12%
Shares
+61%
Last quarter: funds added +62% more shares while total portfolio value only changed +13%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~167 new funds/quarter

129 → 131 → 179 → 163 → 167 new funds/Q
New funds entering each quarter: 131 → 179 → 163 → 167. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 73% veterans vs 17% newcomers

■ 73% veterans ■ 10% 1-2yr ■ 17% new
Entry-cohort mix of 1,568 holders: 1,147 (73%) are 2+ year veterans, 157 entered 1–2 years ago, and 264 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds
65 of 1529 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in PAYX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PAYX

In 2026 Q2, 800 hedge funds were net buyers of PAYX (167 opened a new position, 633 added to an existing one), while 692 reduced or exited (548 trimmed, 144 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 64% of total institutional value in PAYX is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +23 funds (more new holders than closures). Total institutional holders: 1536.

Hedge Fund Ownership: PAYX

How many hedge funds hold PAYX — quarterly history vs. share price
Quarterly hedge fund ownership of PAYX vs. share price

Market Analysis: PAYX

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PAYX

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

44 top-rated funds 2 high-conviction
Consensus
7.2
/ 10
breadth
×
Elite
2.7
/ 10
conviction
Hedge Fund Positioning: PAYX
2K + Investors

Track Smart Money conviction in PAYX. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1512 1513 -0.07%
13F Shares 407M 287M 41.93%
Total Value $28.76B $26.01B 10.6%
New Positions 161 163 -2
Increased Positions 618 607 +11
Closed Positions 155 231 -76
Reduced Positions 534 537 -3
Total Calls 18 24 -25.0%
Total Puts 21 19 10.53%
PUT/CALL Ratio 1.17 0.79 Neutral

Statistics: PAYX

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Income Statement & Cash Flow
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Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

2K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PAYX. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PAYX holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Windsor Advisory Group, LLC 15.15% 212,096 $20.9M
2 Mcdonald Capital Investors Inc/Ca 5.55% 772,536 $76.0M
3 Prevatt Capital Ltd 5.22% 245,000 $24.1M
4 Guinness Asset Management LTD 3.08% 1,856,567 $182.0M
5 Miramar Capital, LLC 2.97% 137,320 $13.5M
6 Hamlin Capital Management, LLC 2.65% 1,196,771 $117.7M
7 Cooper/Haims Advisors, LLC 2.61% 61,616 $6.1M
8 Parthenon LLC 2.54% 248,007 $24.4M
9 Semper Augustus Investments Group LLC 2.35% 211,640 $20.8M
10 Two Point Capital Management, Inc. 2.35% 59,311 $5.8M
11 William Allan Corp 2.32% 48,307 $4.8M
12 Alley Investment Management Company, LLC 2.27% 197,614 $19.4M
13 Van Cleef Asset Management,Inc 2.24% 223,427 $22.0M
14 Willis Investment Counsel 2.19% 467,688 $46.0M
15 Grandfield & Dodd, LLC 2.15% 417,092 $41.0M
16 Martin Capital Partners, LLC 1.94% 53,703 $5.3M
17 Greenfield Seitz Capital Management, LLC 1.92% 65,606 $6.5M
18 Opus Investment Management Inc 1.90% 35,400 $3.5M
19 Silver Lake Advisory, LLC 1.87% 53,178 $5.2M
20 Ridgepath Capital Management LLC 1.85% 42,522 $4.2M
21 First Nebraska Trust Co 1.82% 129,783 $9.8M
22 Layline Advisors, LLC 1.82% 20,589 $2.0M
23 Bontempo Ohly Capital Mgmt LLC 1.80% 43,007 $4.2M
24 Letson Investment Management, INC. 1.77% 49,010 $4.8M
25 Bourne Lent Asset Management Inc 1.72% 50,632 $5.0M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Paychex Inc (PAYX)

What does the Smart Money Trend signal show for PAYX?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PAYX than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PAYX?

Slight buying edge — 54% buying: Last quarter: 800 funds bought or added vs 692 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PAYX holders?

Elite ownership — 64% AUM from top-100 funds: 65 of 1529 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in PAYX. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PAYX?

71% of holders stayed for 2+ years: 1,091 out of 1,536 hedge funds have held PAYX for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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