Mitsubishi UFJ Asset Management Increases Stake in Paychex

Investment firm boosts holding in payroll and HR services provider

Published on Feb. 28, 2026

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Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Paychex, Inc. (NASDAQ:PAYX) by 3.9% in the 3rd quarter, according to the company's latest SEC filing. The fund now owns 671,053 shares of the business services provider's stock, valued at approximately $85.06 million.

Why it matters

Paychex is a leading provider of payroll, HR, and benefits services to small and medium-sized businesses. The increase in Mitsubishi UFJ Asset Management's stake suggests the firm sees continued growth potential in Paychex's business, even as the company has faced some analyst downgrades and target price reductions.

The details

Mitsubishi UFJ Asset Management purchased an additional 25,473 shares of Paychex during the quarter, bringing its total ownership to approximately 0.19% of the company's outstanding shares. The investment firm cited Paychex's strong market position and recurring revenue model as reasons for the increased stake.

  • Mitsubishi UFJ Asset Management increased its stake in Paychex during the 3rd quarter of 2026.

The players

Mitsubishi UFJ Asset Management Co. Ltd.

An investment management firm and subsidiary of Mitsubishi UFJ Financial Group, one of the largest financial institutions in the world.

Paychex, Inc.

A provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses.

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The takeaway

Mitsubishi UFJ Asset Management's increased stake in Paychex suggests the firm sees long-term growth potential in the payroll and HR services provider, even as the company has faced some near-term headwinds according to analyst reports.