Paychex, Inc.
US ˙ NasdaqGS ˙ US7043261079

SecurityPAYX / Paychex, Inc.
InstitutionNaples Global Advisors, Llc
Latest Disclosed Ownership73,578 shares
Latest Disclosed Value $ 6,778,034
Naples Global Advisors, Llc reports 6.92% increase in ownership of PAYX / Paychex, Inc.

On April 20, 2026 - Naples Global Advisors, Llc filed a 13F-HR form disclosing ownership of 73,578 shares of Paychex, Inc. (US:PAYX) valued at $6,778,005 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 68,818 shares of Paychex, Inc.. This represents a change in shares of 6.92% during the quarter. The current value of the position is $7,396,796 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-20 2026-03-31 13F PAYCHEX COM 704326107 73,578 4,760 6.92 6,778 -12.19 0.4946
2026-02-04 2025-12-31 13F PAYCHEX COM 704326107 68,818 6,898 11.14 7,720 -1.66 0.5769
2025-10-30 2025-09-30 13F PAYCHEX COM 704326107 61,920 1,237 2.04 7,849 -11.07 0.6112
2025-07-18 2025-06-30 13F PAYCHEX COM 704326107 60,683 3,383 5.90 8,827 -0.16 0.7595
2025-04-10 2025-03-31 13F PAYCHEX COM 704326107 57,300 -665 -1.15 8,840 8.77 0.8399
2025-01-29 2024-12-31 13F PAYCHEX COM 704326107 57,965 -315 -0.54 8,128 3.93 0.7602
2024-10-24 2024-09-30 13F PAYCHEX COM 704326107 58,280 880 1.53 7,821 14.92 0.7271
2024-07-18 2024-06-30 13F PAYCHEX COM 704326107 57,400 905 1.60 6,805 -1.90 0.6829
2024-04-29 2024-03-31 13F PAYCHEX COM 704326107 56,495 714 1.28 6,938 4.41 0.7101
2024-01-11 2023-12-31 13F PAYCHEX COM 704326107 55,781 -335 -0.60 6,644 2.67 0.7306
2023-10-16 2023-09-30 13F PAYCHEX COM 704326107 56,116 336 0.60 6,472 3.70 0.7843
2023-07-17 2023-06-30 13F PAYCHEX COM 704326107 55,780 -1,085 -1.91 6,240 -4.24 0.7320
2023-04-17 2023-03-31 13F PAYCHEX COM 704326107 56,865 1,570 2.84 6,516 1.99 0.8124
2023-04-17 2022-12-31 13F/A-1 PAYCHEX COM 704326107 55,295 -730 -1.30 6,390 1.62 0.8120
2023-01-20 2022-12-31 13F PAYCHEX COM 704326107 55,295 -730 6,390 0.0008
2022-10-20 2022-09-30 13F PAYCHEX COM 704326107 56,025 1,075 1.96 6,287 0.48 0.8653
2022-08-11 2022-06-30 13F PAYCHEX COM 704326107 54,950 691 1.27 6,257 -15.50 0.8120
2022-04-28 2022-03-31 13F PAYCHEX COM 704326107 54,259 14 0.03 7,405 0.01 0.8550
2022-02-04 2021-12-31 13F PAYCHEX COM 704326107 54,245 -185 -0.34 7,404 20.96 0.8580
2021-10-29 2021-09-30 13F/A-1 PAYCHEX COM 704326107 54,430 -223 -0.41 6,121 4.38 0.8039
2021-10-25 2021-09-30 13F PAYCHEX COM 704326107 54,430 -223 6,121 0.8000
2021-08-06 2021-06-30 13F PAYCHEX COM 704326107 54,653 965 1.80 5,864 11.44 0.8154
2021-05-10 2021-03-31 13F PAYCHEX COM 704326107 53,688 -1,010 -1.85 5,262 3.24 0.7997
2021-02-08 2020-12-31 13F PAYCHEX COM 704326107 54,698 -257 -0.47 5,097 16.26 0.8619
2020-10-26 2020-09-30 13F PAYCHEX COM 704326107 54,955 2,921 5.61 4,384 11.21 0.8546
2020-08-04 2020-06-30 13F PAYCHEX COM 704326107 52,034 2,631 5.33 3,942 26.83 0.8494
2020-04-27 2020-03-31 13F PAYCHEX COM 704326107 49,403 1,565 3.27 3,108 -23.62 0.8145
2020-02-05 2019-12-31 13F Paychex COM 704326107 47,838 940 2.00 4,069 4.82 0.8544
2019-10-28 2019-09-30 13F Paychex COM 704326107 46,898 -415 -0.88 3,882 -0.28 0.9067
2019-07-10 2019-06-30 13F Paychex COM 704326107 47,313 -325 -0.68 3,893 1.88 0.9471
2019-04-29 2019-03-31 13F Paychex COM 704326107 47,638 -425 -0.88 3,821 17.93 0.9768
2019-02-01 2018-12-31 13F Paychex COM 704326107 48,063 3,160 7.04 3,240 -2.03 0.9222
2018-11-13 2018-09-30 13F/A-1 Paychex COM 704326107 44,903 136 0.30 3,307 8.07 0.8775
2018-11-13 2018-09-30 13F Paychex COM 704326107 44,767 0 3,060
2018-07-23 2018-06-30 13F Paychex COM 704326107 44,767 2,503 5.92 3,060 17.56 0.8620
2018-04-17 2018-03-31 13F Paychex COM 704326107 42,264 6,010 16.58 2,603 5.47 0.7722
2018-01-19 2017-12-31 13F Paychex COM 704326107 36,254 465 1.30 2,468 15.00 0.7287
2017-10-16 2017-09-30 13F Paychex COM 704326107 35,789 1,718 5.04 2,146 10.62 0.7164
2017-07-25 2017-06-30 13F Paychex COM 704326107 34,071 1,410 4.32 1,940 0.83 0.6881
2017-04-21 2017-03-31 13F Paychex COM 704326107 32,661 700 2.19 1,924 -1.13 0.6905
2017-01-30 2016-12-31 13F Paychex COM 704326107 31,961 -200 -0.62 1,946 4.57 0.7577
2016-10-11 2016-09-30 13F Paychex COM 704326107 32,161 0 0.00 1,861 -2.77 0.7277
2016-07-13 2016-06-30 13F Paychex COM 704326107 32,161 -550 -1.68 1,914 8.32 0.7834
2016-04-13 2016-03-31 13F Paychex COM 704326107 32,711 -800 -2.39 1,767 -0.28 0.7405
2016-01-25 2015-12-31 13F Paychex COM 704326107 33,511 -300 -0.89 1,772 10.06 0.8585
2015-10-14 2015-09-30 13F Paychex COM 704326107 33,811 7,644 29.21 1,610 31.21 0.8273
2015-07-27 2015-06-30 13F Paychex COM 704326107 26,167 0 0.00 1,227 -5.47 0.5889
2015-04-15 2015-03-31 13F Paychex COM 704326107 26,167 650 2.55 1,298 10.19 0.6169
2015-01-22 2014-12-31 13F Paychex COM 704326107 25,517 1,176 4.83 1,178 9.48 0.6232
2014-10-16 2014-09-30 13F Paychex COM 704326107 24,341 3,841 18.74 1,076 26.29 0.6341
2014-07-14 2014-06-30 13F Paychex COM 704326107 20,500 2,525 14.05 852 11.23 0.5052
2014-04-07 2014-03-31 13F Paychex COM 704326107 17,975 300 1.70 766 -4.84 0.4685
2014-01-16 2013-12-31 13F Paychex COM 704326107 17,675 17,675 805 0.5369
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.