DAVENPORT & Co LLC Increases Stake in Paychex, Inc.

The institutional investor added over 27,000 shares to its Paychex holdings in Q4 2025.

Mar. 27, 2026 at 8:06am

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DAVENPORT & Co LLC, an institutional investor, increased its position in Paychex, Inc. (NASDAQ:PAYX) by 110.5% during the fourth quarter of 2025. The firm now owns 51,903 shares of the business services provider's stock, worth approximately $5.8 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 DAVENPORT & Co LLC's stake suggests the firm sees long-term value in Paychex's business model and growth potential.

The details

According to a disclosure with the Securities and Exchange Commission (SEC), DAVENPORT & Co LLC purchased an additional 27,251 shares of Paychex during the fourth quarter, bringing its total holdings to 51,903 shares. This represents a 110.5% increase in the firm's position in the company.

  • DAVENPORT & Co LLC increased its Paychex holdings during the fourth quarter of 2025.

The players

DAVENPORT & Co LLC

An institutional investor that manages assets for clients.

Paychex, Inc.

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

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The takeaway

The increase in DAVENPORT & Co LLC's stake in Paychex suggests the firm sees long-term growth potential in the company's business model and services, which cater to the needs of small and medium-sized enterprises.