Troy Asset Management Ltd Sells 22,016 Shares of Paychex, Inc. $PAYX

2026-02-23 03:31:20

Troy Asset Management Ltd has reduced its stake in Paychex, Inc. (NASDAQ:PAYX) by 3.6%, selling 22,016 shares and now holding 596,435 shares valued at approximately $75.6 million. This move comes as Paychex delivered strong quarterly earnings, beating analyst estimates with $1.26 EPS and an 18.3% year-over-year revenue increase, along with announcing a $1.00 billion share buyback and a $1.08 quarterly dividend. Despite these positive financial results, the stock carries a consensus “Reduce” rating from analysts with an average price target of $123.94, suggesting a cautious outlook from the market.

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