Paychex, Inc. $PAYX Shares Purchased by MAI Capital Management

NodeGuardian · 2026-02-28T12:12:21+00:00

MAI Capital Management raised its Paychex stake by 113.1% to 28,327 shares worth $3.59 million. Despite solid earnings and a dividend announcement, analysts remain cautious, mostly recommending "Hold" or "Sell" with an average target price of $123.94.

NodeGuardian

2026-02-28 12:12:21

Abstract generation in progress

MAI Capital Management significantly increased its stake in Paychex, Inc. (NASDAQ:PAYX) by 113.1% in the third quarter, holding 28,327 shares valued at $3.59 million. Other institutional investors also adjusted their positions in the company. Analysts, however, have largely issued “Hold” or “Sell” ratings with an average price target of $123.94, suggesting a cautious outlook despite the company’s solid earnings and recent dividend announcement.

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