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AE Wealth Management LLC Buys 27,693 Shares of Paychex, Inc. $PAYX
AE Wealth Management LLC significantly increased its stake in Paychex, acquiring an additional 27,693 shares, bringing their total to 39,849 shares valued at $4.47 million. This move comes as Paychex exceeded quarterly earnings expectations, posting EPS of $1.71 and a 19.9% year-over-year revenue increase, leading its board to authorize a $1 billion stock buyback program. Despite mixed analyst ratings, institutional investors now own 83.47% of the company’s stock, reflecting continued investor interest.