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GSA Capital Partners LLP Invests $1.88 Million in Paychex, Inc. $PAYX
GSA Capital Partners LLP has acquired a new position in Paychex, Inc. (NASDAQ:PAYX) by purchasing 14,806 shares valued at approximately $1.88 million. This investment comes as other hedge funds have also adjusted their holdings in Paychex, with institutional investors and hedge funds collectively owning 83.47% of the company’s stock. Paychex recently reported strong quarterly earnings, beating analyst estimates, and announced a new stock repurchase program and a quarterly dividend, signaling confidence in its valuation.