Paychex, Inc. $PAYX Stock Holdings Decreased by PFG Advisors

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PFG Advisors significantly reduced its stake in Paychex, Inc. by 38.6% in Q4, selling over 16,000 shares. Despite this, other major institutional investors, including Vanguard Group Inc., increased their holdings. Paychex recently exceeded quarterly earnings and revenue estimates and authorized a $1.0 billion share buyback, yet the average analyst rating remains “Reduce” with a target price of $106.38.

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