Paychex Shares Plunge 1.83% on Record Volume Surge as Institutional Buying and Executive Selling Collide in 286th-Ranked Stock

Paychex (PAYX) closed 1.83% lower on August 11, 2025, with a trading volume of $350 million, up 81.6% from the prior day, ranking 286th in market activity. Institutional investors, including Invesco Ltd., increased stakes in the first quarter, with Invesco’s holdings rising 0.7% to 4.135 million shares valued at $637.99 million. The company announced a quarterly dividend of $1.08 per share, yielding 3.1%, with a payout ratio of 94.53%.

Insider transactions highlighted reduced ownership stakes. CEO John Gibson sold 12,370 shares, trimming his holdings by 13.14%, while Chairman Martin Mucci offloaded 97,526 shares, a 17.91% reduction. Analysts adjusted price targets, with UBS and Morgan Stanley lowering their estimates to $145 and $148, respectively, while JPMorgan raised its target to $148. The stock maintains an average “Hold” rating with a consensus price of $150.20.

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