The Illinois Municipal Retirement Fund reduced its stake in Paychex, Inc. by 41.8%, selling 36,379 shares and retaining 50,718 shares valued at approximately $6.43 million. This comes after Paychex announced a $1.00 billion share buyback program and declared a quarterly dividend of $1.08 per share. The company recently exceeded EPS estimates and saw an 18.3% year-over-year revenue increase with positive FY2026 EPS guidance.
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Illinois Municipal Retirement Fund Sells 36,379 Shares of Paychex, Inc. $PAYX
The Illinois Municipal Retirement Fund reduced its stake in Paychex, Inc. by 41.8%, selling 36,379 shares and retaining 50,718 shares valued at approximately $6.43 million. This comes after Paychex announced a $1.00 billion share buyback program and declared a quarterly dividend of $1.08 per share. The company recently exceeded EPS estimates and saw an 18.3% year-over-year revenue increase with positive FY2026 EPS guidance.