InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$111.63

2026-10-16

Market Cap

$39.7B

Volume

5.5M

52-Wk High

$128.78

52-Wk Low

$85.45

Trailing PE

22.1

P/S

6.02

Gross Margin

74.4%

Net Margin

27.4%

ROE

47%

ROIC

21%

Piotroski

7/9

Altman Z

3.3

1-Yr Return

-7.9%

5-Yr Return

+68.9%

Founded in 1971 and headquartered in Rochester, New York, Paychex, Inc. delivers comprehensive human capital management (HCM) solutions. The company primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their needs in human resources, payroll administration, employee benefits, and insurance. Its diverse service portfolio includes: Payroll Management: Encompassing core payroll processing, payroll tax administration, employee payment facilitation, and ensuring compliance with regulations like new-hire reporting and garnishment processing. Human Resources Solutions: Providing support for employer compliance, HR and employee benefits administration, risk management outsourcing, and even the availability of professionally trained on-site HR representatives. Retirement Services: Offering full administration for retirement plans, which covers implementation, ongoing adherence to government regulations, reporting for both participants and employers, online access capabilities, electronic funds transfers, and other administrative tasks. Cloud-based HR Software: A suite of software products designed for efficient HR administration, including tools for benefits management, time and attendance tracking, digital communication, recruitment, and onboarding processes. Additional Business Services: This category features plan administration outsourcing, state unemployment insurance services, and various support functions for SMBs such as payroll funding and outsourcing (including payroll processing, invoicing, and tax preparation), payment processing solutions, financial wellness programs, and a resource center for small business loans. Insurance Offerings: Providing both property and casualty coverage, which includes workers' compensation, business-owner policies, cybersecurity protection, and commercial auto insurance, alongside health and benefits coverage like medical, dental, vision, and life insurance. Paychex primarily distributes its services through its dedicated direct sales team.

SectorIndustrialsIndustryStaffing & Employment ServicesExchangeNASDAQMarket Cap$39.7BEmployees17,600 (SEC-filed)CEOJohn Gibson Jr.IPO1983-08-26CountryUS

911 Panorama Trail South, Rochester, NY 14625-2396 · Tel 585 385 6666 · paychex.com

INSIDERSTREET SCORE75 / 100Street mean $111.33 (6 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$5M sold / 6 mo, zero open-market buys

1 Year vs S&P 500 · PAYX -7.9% · S&P 500 +15.9% · spread -23.7pp

7 Years vs S&P 500 · PAYX +68.9% · S&P 500 +189.9% · spread -120.9pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE75of 100

Score Breakdown

Profitability	91/100
Growth	63/100
Momentum	85/100
Quality	88/100
Earnings Quality	69/100
Balance Sheet	54/100
Value	41/100
Risk (safety)	90/100
Overall	74.9/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
KFY	65
ODFL	69
WCN	64
HEI	75
ESLT	65
FERG	51
PAYX	75

IS Score Trend — quarterly

17 quarters, 23 Q1 to 27 Q1. Peak 79 in 24 Q1, latest 75 — -4 since. Dropped below the 75 line in 24 Q4, at 75. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY75 / 100IS Score 74.9 / 100 · -3.8 from peak of 79

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBULLISHTechnical Score 74 / 100 · Power +47 · 17 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 75 and price structure at 74 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 75 and holds two consecutive quarters	now 74.9	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 71 → 69 → 73 → 75	the direction matters more than the level
Technical vote share back above 50%	now 73%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,709 → now 1,539	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score2 of 4top 13% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)0 buysnone disclosed

Insider Buys (180d)0none disclosed

ETF Funds (30d)1200 up / 1066 downnet +134 funds

Institutions Added (13F)21managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,709 · latest 1,539 (-170 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,539	306.8M	$29.9B	86.2%
2026 Q1	1,518	290.3M	$26.6B	81.6%
2025 Q4	1,594	291.3M	$32.4B	81.9%
2025 Q3	1,622	274.5M	$34.4B	77.1%
2025 Q2	1,679	280.5M	$40.3B	78.8%
2025 Q1	1,709	281.1M	$42.9B	79.0%
2024 Q4	1,640	280.9M	$39.0B	78.9%
2024 Q3	1,546	277.3M	$36.8B	77.9%
2024 Q2	1,518	273.5M	$32.1B	76.9%
2024 Q1	1,536	270.0M	$32.9B	75.9%
2023 Q4	1,513	264.8M	$31.4B	74.4%
2023 Q3	1,449	261.3M	$30.0B	73.4%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Doody Joseph	director	2026-10-16	J-Other	725	—	970
Bonadio Tom	director	2026-10-15	A-Award	970	—	22,474
Bonadio Tom	director	2026-10-15	A-Award	4,040	$0.45M	4,040
Price Kevin A	director	2026-10-15	A-Award	970	—	4,921
Price Kevin A	director	2026-10-15	A-Award	4,040	$0.45M	4,040
Tucci Joseph M	director	2026-10-15	A-Award	970	—	68,334
Tucci Joseph M	director	2026-10-15	A-Award	4,040	$0.45M	4,040
Joseph Pamela A	director	2026-10-15	A-Award	970	—	12,740

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	6	42,420	$4.6M	Counted
M — Exercises (paired A/D)	3	234,922	$13.5M	None — mechanics
F — Tax withholding	21	203,141	$22.1M	None — compensation
G — Gifts	7	847,644	$82.8M	None
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$4.6M6 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-10-14	Velli Joseph M	7,839	$0.8M
2026-09-29	Golisano B Thomas	562,635	$56.2M
2026-07-20	Schrader Robert L.	2,600	$0.3M
2026-07-17	Simmons Christopher C	2,615	$0.3M
Trailing 12 mo	15 filings	1,912,265	$204M

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Filed	Form	Reporting person	% of class	Shares
2026-04-30	SCHEDULE 13G	Vanguard Capital Management	6.77%	24.3M sh
2026-02-13	SCHEDULE 13G/A	Capital International Investors	8.60%	30.7M sh
2026-01-30	SCHEDULE 13G/A	The Vanguard Group	11.79%	42.3M sh
2025-11-13	SCHEDULE 13G/A	Capital International Investors	5.40%	19.3M sh

Member	Chamber	Trade	Size band	Traded	Disclosed
April Delaney	House	SELL	$100,001 - $250,000	2026-08-25	2026-09-10
April McClain Delaney	House	SELL	$100,001 - $250,000	2026-08-25	2026-09-10
April Delaney	House	SELL	$1,001 - $15,000	2026-04-21	2026-05-07
Alan Armstrong	Senate	SELL	$1,001 - $15,000	2026-03-27	2026-07-21
Shelley Moore Capito	Senate	SELL	$1,001 - $15,000	2026-02-20	2026-03-04
Shelley Moore Capito	Senate	SELL	$1,001 - $15,000	2026-02-20	2026-03-04

House 12-Mo40 trades13 purchases

Senate 12-Mo12 trades0 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)1,518

13F Shares290M81.6% of shares out

New / Closed155 / 208positions, QoQ

Increased / Reduced617 / 537positions, QoQ

Put/Call (13F)0.86option positions

Free Float89.8%320M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Hamlin Capital Management, Llc	1.4M	$140M
Confluence Investment Management L	912,572	$90M
Wealth Enhancement Advisory Servic	372,246	$38M
Fort Washington Investment Advisor	343,594	$34M
Schaper Benz & Wise Investment Cou	215,241	$21M
Fenimore Asset Management Inc	212,743	$21M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.0%	$1.0B
VTI	0.0%	$1.0B
VSMPX	0.0%	$1.0B
VTSAX	0.0%	$1.0B
SCHD	0.9%	$978M
VFINX	0.0%	$828M

13F Filers Holding PAYX — quarterly

Institutional Put/Call — quarterly

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session69.0%2026-10-15

20-Day Avg61.7%50-day 58.8%

TrendRising20d vs 50d

By Market CenterQ: 69% · N: 70% · B: 56%latest session

Weekly Notional ($B)

Where PAYX Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Ubsa Ubs Ats	4.8M	60 sh
Ebxl Level Ats	2.3M	32 sh
Sgmt Sigma X2	2.2M	50 sh
Mstx Ms Trajectory Cross (Ats-1)	2.2M	49 sh
Incr Intelligent Cross Llc	1.9M	53 sh
Mspl Ms Pool (Ats-4)	1.8M	168 sh

Where a dollar of Paychex, Inc. revenue goes. All values FY2026 filings, live.

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PAYX (live moat model)Peer median: KFY · ODFL · WCN · HEI · ESLT

Component scores from the live moat model. Peer median illustrative.

Moat score 44/100 — Weak; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
John Gibson Jr.	President, Chief Executive Officer & Director
Elizabeth Roaldsen	Senior Vice President of Operations & Customer Experience
Robert L. Schrader	Senior Vice President & Chief Financial Officer
Chad Parodi	Senior VP of HR & Benefits Services

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Quarterly EPS — Actual vs. Consensus

Beats (>2%)2 of 6recent quarters

Avg Surprise+1.5%

Next Report2026-12-18

Income Quality1.25OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

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Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY22	FY23	FY24	FY25	FY26
Revenue	+13.7%	+8.6%	+5.4%	+5.6%	+16.9%
Gross profit	+16.9%	+9.2%	+6.9%	+6.1%	+20.0%
Operating income	+26.0%	+10.5%	+6.9%	+1.5%	+13.7%
Net income	+26.9%	+11.8%	+8.5%	-2.0%	+6.2%

$B · FY ends	FY22	FY23	FY24	FY25	FY26
Revenue	4.6	5.0	5.3	5.6	6.5
Cost of revenue	1.4	1.5	1.5	1.5	1.7
Gross profit	3.3	3.6	3.8	4.0	4.8
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	1.4	1.5	1.6	1.8	2.3
Operating income	1.8	2.0	2.2	2.2	2.5
EBITDA	2.0	2.2	2.4	2.5	3.0
D&A	0.2	0.2	0.2	0.2	0.4
Pretax income	1.8	2.0	2.2	2.2	2.3
Income tax	0.4	0.5	0.5	0.5	0.6
Net income	1.4	1.6	1.7	1.7	1.8
Diluted EPS ($)	3.84	4.30	4.67	4.58	4.89
Diluted shares (M)	363	362	362	362	360

Operating CF$3B

CapEx$0B

Free cash flow$2B

SBC$0B

Buybacks$1B

Net cash change$-1B

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet — Full

$B	FY23	FY24	FY25	FY26
Cash & equivalents	1.2	1.5	1.6	1.1
ST investments	0.4	0.0	0.0	0.0
Receivables (net)	1.4	1.6	2.0	2.2
Total current assets	7.5	7.3	8.9	8.6
PP&E (net)	0.5	0.5	0.6	0.7
Goodwill + intangibles	2.0	2.1	6.5	6.2
Total assets	10.5	10.4	16.6	16.2
Accounts payable	0.1	0.1	0.1	0.2
Short-term debt	0.0	0.0	0.4	0.0
Deferred revenue	0.0	0.1	0.1	0.1
Total current liabilities	5.8	5.3	7.0	6.8
Long-term debt	0.8	0.8	4.5	4.6
Total liabilities	7.1	6.6	12.4	12.4
Shareholders' equity	3.5	3.8	4.1	3.7

Cash Flow Statement — Full

$B	FY23	FY24	FY25	FY26
Net income	1.6	1.7	1.7	1.8
D&A	0.2	0.2	0.2	0.4
Stock-based compensation	0.1	0.1	0.1	0.1
Working capital change	(0.3)	(0.3)	(0.3)	(0.1)
Operating cash flow	1.7	1.9	2.0	2.6
Capital expenditures	(0.1)	(0.2)	(0.2)	(0.2)
Investing cash flow	0.2	(0.3)	(3.7)	(1.2)
Buybacks	0.0	(0.2)	(0.1)	(0.6)
Dividends paid	(1.2)	(1.3)	(1.4)	(1.6)
Debt issuance / (repay)	0.0	0.0	4.1	(0.4)
Financing cash flow	(0.7)	(1.9)	2.6	(2.7)
Free cash flow	1.6	1.7	1.8	2.3

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
PROFITABILITY
ROE	46.2%	47.3%	46.3%	41.8%	44.8%	47%
ROA	14.8%	15.4%	16.2%	12.3%	10.8%	11.5%
ROIC	51.2%	55.9%	52.4%	22.5%	26.6%	21.1%
Gross margin	70.6%	71.0%	72.0%	72.4%	74.3%	74.4%
Operating margin	39.9%	40.6%	41.2%	39.6%	38.6%	39.2%
Net margin	30.2%	31.1%	32.0%	29.7%	27.0%	27.4%
EBITDA margin	44.1%	44.1%	46.1%	44.7%	46.3%	46.5%
FCF margin	29.8%	31.8%	32.0%	31.8%	35.7%	—
VALUATION
P/E	29.12	22.63	24.58	33.93	19.74	22.1
P/B	13.14	10.09	10.93	13.62	9.30	10.7
P/S	8.79	7.04	7.87	10.09	5.33	6.02
P/FCF	29.54	22.16	24.59	31.76	14.96	19.7
EV/EBITDA	19.73	15.53	17.24	23.93	12.65	14.2
EV/Revenue	8.72	6.89	7.75	10.70	5.86	6.6
Earnings yield	3.4%	4.4%	4.1%	2.9%	5.1%	4.55%
FCF yield	3.4%	4.5%	4.1%	3.1%	6.7%	5.07%

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
LEVERAGE & SOLVENCY
Current ratio	1.25	1.30	1.37	1.28	1.26	1.28
Quick ratio	1.25	1.30	1.37	1.28	1.26	1.28
Debt / equity	0.29	0.25	0.23	1.22	1.24	1.25
Debt / assets	9.1%	8.2%	8.3%	30.3%	28.6%	29.5%
Net debt / EBITDA	-0.17	-0.33	-0.27	1.35	1.14	1.31
Interest coverage	50.45	55.73	58.88	21.64	9.56	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY22	FY23	FY24	FY25	FY26	TTM
EFFICIENCY
Asset turnover	0.49	0.50	0.50	0.41	0.40	0.42
Receivables turnover	3.97	3.71	3.51	3.14	3.16	2.8
DSO (days)	92	98	104	116	115	129
DPO (days)	26	24	23	28	31	31
Cash conversion cycle	66	74	81	89	84	99
GROWTH (YoY)
Revenue growth	13.7%	8.6%	5.4%	5.6%	16.9%	—
Net income growth	26.9%	11.8%	8.5%	-2.0%	6.2%	—
EPS growth	26.7%	12.1%	8.7%	-2.1%	7.4%	—
FCF growth	19.8%	15.8%	6.2%	4.8%	31.1%	—
PER SHARE ($)
EPS (diluted, TTM)	3.83	4.30	4.67	4.57	4.91	5.08
Book value / share	8.49	9.64	10.51	11.39	10.43	10.41
Revenue / share	12.69	13.82	14.59	15.38	18.18	18.56
FCF / share	3.78	4.39	4.67	4.89	6.48	5.67
Cash / share	3.37	4.40	4.15	4.59	3.29	2.63
SHAREHOLDER RETURN & SCORES
Buyback yield	0.4%	0.0%	0.4%	0.2%	1.8%	0.99%
Altman Z-Score	5.23	4.58	5.52	3.84	2.89	3.3
Piotroski F-Score	6	9	8	4	8	7/9
Beneish M-Score	-2.31	-2.50	-2.43	-2.05	-2.60	-2.47

Model	Score	Zone	Note
Piotroski F-Score	7 / 9	Strong
Altman Z-Score	3.3	Safe (>2.99)	Safe
Income quality	1.25	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.47	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.76
Interest burden	0.90
Operating margin	39.8%
Asset turnover	0.41×
Financial leverage	4.21×
= ROE	47%

Growth Quality (live)	Value
Revenue stability	0.97
Earnings stability	0.84
Earnings persistence	0.95
Revenue CAGR 3y	9.1%
EPS CAGR 3y	4.8%
FCF CAGR 3y	2.5%

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Buyback Yield0.99%

Dividend Yield4.07%

Total Shareholder Return4.52%cash yield

SBC / Revenue1.0%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
KFY	$4.0B	13.5	14%	9.0%	+6.9%	7/9	+7.7%
ODFL	$39.0B	36.1	25%	22.6%	-0.6%	7/9	+36.8%
WCN	$42.3B	40.6	13%	11.6%	+6.1%	7/9	-1.5%
HEI	$43.2B	51.0	19%	16.7%	+20.7%	7/9	+0.9%
ESLT	$35.4B	53.7	15%	7.6%	+12.9%	8/9	—
FERG	$44.8B	22.1	34%	7.6%	+3.7%	6/9	—
CARR	$45.3B	37.8	9%	7.9%	-1.6%	4/9	—
LHX	$46.3B	25.0	9%	10.2%	+7.3%	8/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Hold

31 Analysts

Str Sell (0)Sell (5)Hold (21)Buy (5)Str Buy (0)

Mean Target (qtr)$111.336 targets

Target vs. Price-0.3%last-quarter mean

Next Report2026-12-18street $1.30

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$6.51B	$6.54B / $6.47B	$5.49	$5.51 / $5.47	12
FY2027	$6.86B	$6.88B / $6.80B	$5.96	$6.00 / $5.93	13
FY2028	$7.24B	$7.28B / $7.20B	$6.41	$6.53 / $6.08	12

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$111.67	+0.0%	3
Last Quarter	$111.33	-0.3%	6
Last Year	$113.00	+1.2%	20
All Time	$126.61	+13.4%	56

Rolling mean of published targets vs. last close $111.63. Aggregated from StreetInsider, Benzinga, Pulse 2.0.

Third-Party Composite Rating

B+

DCF

4/5

ROE

5/5

ROA

5/5

Debt/Eq

1/5

P/E

2/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

PAYX -7.9% vs S&P 500 +15.9% — spread -23.7pp

Sector — XLI +10.7%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$104.32	+7.31	+7.01%	Above
SMA 50	$114.54	-2.91	-2.54%	Below
SMA 200	$101.98	+9.65	+9.46%	Above
EMA 9	$107.03	+4.60	+4.30%	Above
EMA 21	$107.22	+4.41	+4.11%	Above
EMA 50	$109.94	+1.69	+1.54%	Above
EMA 200	$108.35	+3.28	+3.03%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBULLISHPower Score +4717 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%70

Momentum 25%82

Volume 20%88

Volatility 10%67

Patterns 15%50

This Week73% bullishof 11 price-based votes

4 Weeks Ago18%+55 pts since

12 Weeks Ago73%+0 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$104.32

Price vs SMA 50$114.54

Price vs SMA 200$101.98

EMA 9/21 Cross107.0/107.2

SMA 50/200Golden

ADX DirectionADX 26

Supertrend$104

Parabolic SAR$102

SMA Slope-0.230

RSI58.6

Stochastic K/D94/88

StochRSI K/D100/100

Williams %R-6

CCI112

TSI vs Signal-13.3

CMO17.1

ROC12.83%

OBV SignalAccum

Chaikin MF-0.040

MFI75

Force Index2M

Elder Ray Bull5.30

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 88

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$111.21 / $112.07 / $113.35	S1 / S2	$109.93 / $109.07
Bollinger (20,2)	$94.17 – $114.46	Squeeze	Off
52-wk range	$83.50 – $127.98	Off 52-wk high	-12.8%
ATR (14)	$2.65 (2.4%)	Historical vol	40.3%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

-0.8%Jan50%

-0.1%Feb65%

+1.5%Mar62%

+0.2%Apr45%

+1.1%May65%

-1.2%Jun40%

+2.2%Jul70%

+1.3%Aug65%

+0.2%Sep55%

+2.2%Oct70%

+3.7%Nov75%

-0.2%Dec50%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	PAYX	S&P 500
Weekly volatility (σ, 1y)	4.33%	1.83%
Best / worst week (1y)	+11.4% / -12.8%	—
Max drawdown (5y, monthly)	-42.4%	—
1-week VaR (95%)	-6.9%	—
Beta (5y)	0.81	1.00

PAYX EQUITY WEATHER (LIVE)PARTLY CLOUDY · +18

Trend+13

Momentum+63

Volume+53

Volatility-60

Breadth-32

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 210 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall+18.1+41.6 vs industry

Trend+13.3+39.2 vs industry

Momentum+63.2+78.9 vs industry

Volume+52.6+77.9 vs industry

Reading	PAYX	Staffing & Employment Services n=184	Industrials n=9,922	All US symbols n=70,435
Overall	+18.1	-23.5	-24.1	-20.5
Trend	+13.3	-25.9	-26.2	-21.3
Momentum	+63.2	-15.7	-24.5	-15.8
Volume	+52.6	-25.3	-22.6	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
John B. Gibson President and CEO	$10.3M	70% equity+incentive
Robert L. Schrader SVP and CFO	$3.4M	65% equity+incentive
Adam Ante SVP of HCM	$2.8M	64% equity+incentive
Ryan Bergstrom Chief Product and Technology	$2.8M	64% equity+incentive
Chad Parodi SVP of HR & Benefits Services	$2.5M	61% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	52
Social	57
Governance	68
Composite ESG	59

Composite ESG Trend

Filed	8-K contents	Items
2026-10-16	Shareholder Vote	5.07
2026-09-23	Earnings Release	2.02
2026-07-21	Officer/Director Change; Exhibits	5.02,9.01
2026-06-24	Earnings Release; Exhibits	2.02,9.01
2026-03-25	Earnings Release; Exhibits	2.02,9.01
2026-01-26	Entry into Material Definitive Agreement; Termination of Material Defi	1.01,1.02,2.03
2026-01-20	Departure/Election of Directors; Appointment of Officers; Other Events	5.02,8.01,9.01
2025-12-19	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2021 to 2026
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-03-25 to 2026-09-23
Analyst estimates	dim/forward_estimates	3 rows · 2026-05-31 to 2028-05-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	114 rows · 1998 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-10-15 to 2026-10-16
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2025-11-13 to 2026-04-30
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Paychex, Inc. (PAYX)

Paychex, Inc. (PAYX)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Paychex, Inc. (PAYX)

Institutions holding — 12 quarters

Paychex, Inc. (PAYX)

Monthly Net Insider Flow (000 shares)

Signal Summary

Paychex, Inc. (PAYX)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding PAYX — quarterly

Institutional Put/Call — quarterly

Paychex, Inc. (PAYX)

Where PAYX Trades in the Dark

Paychex, Inc. (PAYX)

3.8 · Employees (SEC filings)

Paychex, Inc. (PAYX)

Paychex, Inc. (PAYX)

Paychex, Inc. (PAYX)

Balance Sheet — Full

Cash Flow Statement — Full

Paychex, Inc. (PAYX)

Paychex, Inc. (PAYX)

Paychex, Inc. (PAYX)

Paychex, Inc. (PAYX)

Street Price Target — Trajectory

Third-Party Composite Rating

Paychex, Inc. (PAYX)

Paychex, Inc. (PAYX)

Family Scores (site weights)

Paychex, Inc. (PAYX)

Paychex, Inc. (PAYX)

Paychex, Inc. (PAYX)