Legal & General Group Plc Reduces Stake in Paychex, Inc.

The investment firm decreased its position in the business services provider by 5.8% in the third quarter.

Mar. 12, 2026 at 10:21am

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Legal & General Group Plc reduced its stake in Paychex, Inc. (NASDAQ:PAYX) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,421,968 shares of the business services provider's stock after selling 149,616 shares during the period.

Why it matters

This filing provides insight into the investment decisions of Legal & General Group Plc, a major institutional investor, and their view on the prospects of Paychex, a leading provider of payroll and HR services to small and medium-sized businesses.

The details

According to the 13F filing, Legal & General Group Plc owned 0.67% of Paychex as of the end of the third quarter, down from a 0.71% stake previously. The reduction in position suggests the investment firm may have a more cautious outlook on Paychex's near-term performance or see better opportunities elsewhere.

  • Legal & General Group Plc reduced its stake in Paychex during the 3rd quarter of 2026.

The players

Legal & General Group Plc

A major British multinational financial services company that provides insurance, pension management, and other financial products and services.

Paychex, Inc.

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

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The takeaway

This filing suggests Legal & General Group Plc may have a more cautious outlook on Paychex's near-term prospects, though the company remains a significant institutional investor in the business services provider.