Capital Group Private Client Services Inc. Reduces Paychex Holdings

Institutional investor decreases stake in payroll and HR services provider

Published on Mar. 11, 2026

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Capital Group Private Client Services Inc. decreased its position in shares of Paychex, Inc. (NASDAQ:PAYX) by 87.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,502 shares of the business services provider's stock after selling 315,020 shares during the quarter.

Why it matters

Paychex is a major provider of payroll, HR, and benefits services to small and medium-sized businesses. Changes in institutional ownership can signal shifts in investor sentiment around the company's performance and outlook.

The details

Capital Group Private Client Services Inc. sold off a significant portion of its Paychex holdings in Q3 2025, reducing its stake by 87.1%. The firm previously owned 315,020 shares but now holds just 46,502 shares worth approximately $5.9 million. Other large investors have also made changes to their Paychex positions, with some increasing and others decreasing their holdings.

  • Capital Group Private Client Services Inc. filed its 13F report for Q3 2025 on March 11, 2026.

The players

Capital Group Private Client Services Inc.

An institutional investment management firm that decreased its position in Paychex, Inc. by 87.1% in Q3 2025.

Paychex, Inc.

A provider of payroll, HR, and benefits services to small and medium-sized businesses.

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The takeaway

The significant reduction in Capital Group's Paychex holdings could signal a shift in investor sentiment around the company's outlook, though more data would be needed to determine the broader trends in institutional ownership and the reasons behind the portfolio changes.