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
↓ -22
Streak
3Q ▼
Buyers last Q
46%

Smart Money Signals — PAYX

Based on 1475 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their PAYX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 94% of 3.0Y peak

94% of all-time peak
1,475 funds currently hold this stock — 94% of the 3.0-year high of 1,577 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding PAYX is almost the same as a year ago (-40 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 46% buying

672 buying793 selling
Last quarter: 793 funds reduced or exited vs 672 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+39 vs last Q)

new funds entering per quarter
Funds opening a new PAYX position: 157 → 115 → 123 → 162. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

75% of holders stayed for 2+ years

■ 75% conviction (2yr+) ■ 14% medium ■ 11% new
1,103 out of 1,475 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.
➡️

Steady discovery — ~162 new funds/quarter

149 → 157 → 115 → 123 → 162 new funds/Q
New funds entering each quarter: 157 → 115 → 123 → 162. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 75% of holders stayed 2+ years

■ 75% veterans ■ 9% 1-2yr ■ 17% new
Of 1,514 current holders: 1,130 (75%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 61% AUM from top-100 funds

61% from top-100 AUM funds
45 of 1475 holders are among the 100 largest funds by AUM, controlling 61% 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.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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.

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

-- --
Smart Money Signal ?
Broad Consensus, Selective Conviction

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

138 top-rated funds 4 high-conviction
Consensus
9.3
/ 10
breadth
×
Elite
3.2
/ 10
conviction
Hedge Fund Positioning: PAYX
2026 Q1 Stats Unlock in 22 days 2K + Investors

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

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 1514 1547 -2.13%
13F Shares 285M 272M 4.48%
Total Value $31.84B $34.36B -7.33%
New Positions 163 125 +38
Increased Positions 566 571 -5
Closed Positions 187 186 +1
Reduced Positions 674 687 -13
Total Calls 27 28 -3.57%
Total Puts 24 29 -17.24%
PUT/CALL Ratio 0.89 1.04 Neutral

Statistics: PAYX

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Valuation Measures Data as of: --

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

Financial Highlights

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Institutional Holders (2026 Q1)

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.

Top 25 institutional holders of PAYX — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Prevatt Capital Ltd 6.08% 245,000 $22.6M
2 Guinness Asset Management LTD 3.12% 1,968,734 $180.9M
3 Hamlin Capital Management, LLC 2.53% 1,137,170 $104.8M
4 Two Point Capital Management, Inc. 2.41% 59,838 $5.5M
5 Alley Investment Management Company, LLC 2.25% 200,847 $18.5M
6 Silver Lake Advisory, LLC 1.97% 53,855 $5.0M
7 HARVEY INVESTMENT CO LLC 1.92% 189,318 $17K
8 Greenfield Seitz Capital Management, LLC 1.88% 67,636 $6.2M
9 BOURNE LENT ASSET MANAGEMENT INC 1.82% 53,607 $4.9M
10 LETSON INVESTMENT MANAGEMENT, INC. 1.70% 47,985 $4.4M
11 Welch Group, LLC 1.68% 484,448 $44.6M
12 Lafayette Investments, Inc. 1.67% 89,504 $8.2M
13 OLD REPUBLIC INTERNATIONAL CORP 1.55% 423,100 $39K
14 GODSEY & GIBB, INC 1.51% 187,744 $17.3M
15 CALEDONIA INVESTMENTS PLC 1.43% 133,000 $12.2M
16 Sawyer & Company, Inc 1.42% 39,934 $3.7M
17 CONFLUENCE INVESTMENT MANAGEMENT LLC 1.39% 969,809 $89.3M
18 RWC Asset Management LLP 1.24% 323,416 $29.8M
19 Signature Wealth Management Group 1.18% 33,713 $3.1M
20 MILLER HOWARD INVESTMENTS INC /NY 1.08% 430,548 $39.7M
21 ALBERT D MASON INC 0.99% 16,537 $1.5M
22 Coston, McIsaac & Partners 0.98% 47,291 $4.4M
23 Somerset Trust Co 0.96% 33,978 $3.1M
24 WEDGE CAPITAL MANAGEMENT L L P/NC 0.96% 563,967 $52.0M
25 Hendershot Investments Inc. 0.95% 76,692 $7.1M
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?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their PAYX positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PAYX?

More sellers than buyers — 46% buying: Last quarter: 793 funds reduced or exited vs 672 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for PAYX holders?

Elite ownership — 61% AUM from top-100 funds: 45 of 1475 holders are among the 100 largest funds by AUM, controlling 61% 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?

75% of holders stayed for 2+ years: 1,103 out of 1,475 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.