Entropy Technologies LP Buys New Paychex Stake

Institutional investor adds 43,767 shares of business services provider to portfolio

Mar. 13, 2026 at 9:09am

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Entropy Technologies LP, an institutional investor, purchased a new position in Paychex, Inc. (NASDAQ:PAYX) during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,767 shares of the business services provider's stock, valued at approximately $5,548,000.

Why it matters

Paychex is a leading provider of payroll, HR, and benefits outsourcing solutions for small and medium-sized businesses. The purchase by Entropy Technologies LP suggests the institutional investor sees potential in Paychex's business model and growth prospects.

The details

According to the 13F filing, Entropy Technologies LP purchased 43,767 shares of Paychex, Inc. during the third quarter. Paychex is a NASDAQ-listed business services provider that offers a range of cloud-based payroll, HR, and compliance solutions to small and medium-sized companies.

  • Entropy Technologies LP purchased the new Paychex position during the third quarter.

The players

Entropy Technologies LP

An institutional investor that purchased a new stake in Paychex, Inc.

Paychex, Inc.

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

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The takeaway

The purchase of a new Paychex stake by Entropy Technologies LP suggests the institutional investor sees value in the business services provider's offerings and growth potential, despite some recent analyst downgrades of the stock.