Rathbones Group PLC Boosts Paychex Holdings

Institutional investor increases stake in business services provider Paychex, Inc.

Published on Mar. 9, 2026

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Rathbones Group PLC, an institutional investor, has increased its holdings in Paychex, Inc. (NASDAQ:PAYX) by 13.7% in the third quarter, according to a recent disclosure with the Securities & Exchange Commission. Rathbones Group now owns 182,224 shares of the business services provider's stock, worth approximately $23.1 million.

Why it matters

Paychex is a leading provider of payroll, HR, and benefits outsourcing solutions for small and medium-sized businesses. The increase in Rathbones Group's stake suggests the institutional investor sees growth potential in Paychex's business model and services, which could signal broader investor confidence in the company's future performance.

The details

According to the disclosure, Rathbones Group PLC purchased an additional 21,945 shares of Paychex during the third quarter, bringing its total ownership to approximately 0.05% of the company's outstanding shares. Paychex is a NASDAQ-listed company that provides a range of cloud-based payroll, HR, and benefits administration solutions to help small and medium businesses manage their back-office operations.

  • Rathbones Group PLC increased its Paychex holdings in the third quarter of the year.

The players

Rathbones Group PLC

An institutional investor and asset management firm based in the United Kingdom.

Paychex, Inc.

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

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The takeaway

Rathbones Group's increased stake in Paychex suggests the institutional investor sees growth potential in the business services provider's offerings, which could signal broader confidence in Paychex's future performance and ability to serve the needs of small and medium enterprises.