First Long Island Investors Boosts Paychex Stake

Investment firm increases holdings in payroll and HR services provider by nearly 24%

Published on Mar. 2, 2026

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First Long Island Investors LLC increased its stake in Paychex, Inc. (NASDAQ:PAYX) by 23.9% in the third quarter, according to a recent SEC filing. The firm now owns 99,607 shares of the business services provider's stock, valued at $12.6 million.

Why it matters

Paychex is a leading provider of payroll, HR, and benefits services for small and medium-sized businesses. The increase in First Long Island Investors' stake suggests the firm sees long-term value in Paychex's business model and growth potential, even as the stock has faced headwinds from macroeconomic pressures.

The details

First Long Island Investors added 19,185 shares of Paychex to its portfolio during the third quarter. The firm now holds a total of 99,607 shares, making it one of the company's larger institutional investors. Paychex has faced challenges in recent quarters, with its stock price declining amid broader market volatility and concerns about the economic outlook.

  • First Long Island Investors increased its Paychex stake in the 3rd quarter of 2026.
  • Paychex's stock price has declined in recent quarters amid market volatility and economic concerns.

The players

First Long Island Investors LLC

An investment firm that has increased its stake in Paychex, Inc., a leading provider of payroll, HR, and benefits services.

Paychex, Inc.

A business services provider that offers payroll, HR, and benefits solutions, primarily to small and medium-sized businesses.

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The takeaway

The increase in First Long Island Investors' stake in Paychex suggests the firm sees long-term value in the company, even as the stock has faced near-term headwinds. Paychex's position as a leading provider of essential business services could make it an attractive investment for institutional investors looking to capitalize on the needs of small and medium-sized enterprises.