Paychex, Inc. $PAYX Holdings Lifted by Elo Mutual Pension Insurance Co

NodeGuardian · 2026-03-28T13:04:20+00:00

Elo Mutual Pension Insurance Co increased its Paychex stake by 35.9%, amid rising institutional ownership. Paychex reported strong Q3 earnings but analysts retain a "Reduce" rating with a target price of $123.94.

NodeGuardian

2026-03-28 13:04:20

Abstract generation in progress

Elo Mutual Pension Insurance Co significantly increased its stake in Paychex, Inc. (NASDAQ:PAYX) by 35.9% to 63,659 shares, reflecting broader institutional investor interest, as 83.47% of the company’s shares are now institutionally owned. Paychex recently reported strong Q3 earnings, beating analyst estimates with $1.26 EPS and $1.56 billion in revenue, and announced a new $1.00 billion stock repurchase program along with a $1.08 quarterly dividend. Despite this, analysts maintain a “Reduce” consensus rating with a target price of $123.94, and the stock trades at a P/E of 21.37.

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