PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

TEACHER RETIREMENT SYSTEM OF TEXAS's Holding History (CIK: 0000796848)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 161,053 Value ($000) $18,067 Avg Close $116.54 Range $108.00 - $128.00

Q3 2025

Shares 101,622 Value ($000) $12,882 Avg Close $137.17 Range $117.88 - $146.69

Q2 2025

Shares 60,750 Value ($000) $8,837 Avg Close $147.52 Range $131.76 - $158.49

Q1 2025

Shares 93,756 Value ($000) $14,465 Avg Close $143.17 Range $130.91 - $154.56

Q4 2024

Shares 115,359 Value ($000) $16 Avg Close $137.31 Range $127.32 - $146.13

Q3 2024

Shares 101,524 Value ($000) $14 Avg Close $121.91 Range $110.27 - $132.34

Q2 2024

Shares 58,011 Value ($000) $7 Avg Close $116.34 Range $108.73 - $122.07

Q1 2024

Shares 93,493 Value ($000) $11 Avg Close $114.65 Range $109.88 - $118.72

Q4 2023

Shares 134,882 Value ($000) $16 Avg Close $111.08 Range $99.22 - $122.00

Q3 2023

Shares 159,504 Value ($000) $18 Avg Close $112.19 Range $102.46 - $120.23

Q2 2023

Shares 112,191 Value ($000) $13 Avg Close $101.03 Range $96.32 - $106.39

Q1 2023

Shares 199,514 Value ($000) $23 Avg Close $104.30 Range $97.60 - $110.45

Q4 2022

Shares 243,310 Value ($000) $28 Avg Close $106.57 Range $95.82 - $116.78

Q3 2022

Shares 241,598 Value ($000) $27,110 Avg Close $112.11 Range $100.21 - $126.48

Q2 2022

Shares 266,560 Value ($000) $30,353 Avg Close $112.87 Range $99.58 - $127.09

Q1 2022

Shares 281,174 Value ($000) $38,372 Avg Close $109.73 Range $98.39 - $125.97

Q4 2021

Shares 312,332 Value ($000) $42,633 Avg Close $109.87 Range $98.59 - $123.71

Q3 2021

Shares 234,452 Value ($000) $26,364 Avg Close $99.29 Range $94.17 - $104.68

Q2 2021

Shares 95,318 Value ($000) $10,228 Avg Close $88.28 Range $81.10 - $95.27

Q1 2021

Shares 81,829 Value ($000) $8,021 Avg Close $80.38 Range $74.08 - $88.33

Q4 2020

Shares 29,575 Value ($000) $2,756 Avg Close $76.93 Range $67.23 - $86.80

Q3 2020

Shares 18,512 Value ($000) $1,477 Avg Close $64.54 Range $59.78 - $69.40

Q2 2020

Shares 10,605 Value ($000) $803 Avg Close $58.96 Range $49.78 - $68.91

Q1 2020

Shares 71,149 Value ($000) $4,477 Avg Close $67.41 Range $40.50 - $76.59

Q4 2019

Shares 137,266 Value ($000) $11,676 Avg Close $70.68 Range $66.71 - $73.78

Q3 2019

Shares 226,077 Value ($000) $18,712 Avg Close $69.13 Range $65.71 - $71.95

Q2 2019

Shares 392,565 Value ($000) $32,304 Avg Close $69.57 Range $65.71 - $73.20

Q1 2019

Shares 245,920 Value ($000) $19,723 Avg Close $60.45 Range $51.63 - $66.34

Q4 2018

Shares 237,365 Value ($000) $15,464 Avg Close $55.05 Range $49.99 - $61.44

Q3 2018

Shares 105,120 Value ($000) $7,742 Avg Close $57.93 Range $53.90 - $61.20

Q2 2018

Shares 316,014 Value ($000) $21,600 Avg Close $51.54 Range $47.31 - $56.42

Q1 2018

Shares 198,867 Value ($000) $12,248 Avg Close $52.37 Range $47.16 - $57.65

Q4 2017

Shares 219,782 Value ($000) $14,963 Avg Close $51.63 Range $46.43 - $55.51

Q3 2017

Shares 19,723 Value ($000) $1,183 Avg Close $44.58 Range $42.41 - $47.62

Q2 2017

Shares 27,571 Value ($000) $1,570 Avg Close $45.43 Range $43.85 - $47.78

Q1 2017

Shares 32,646 Value ($000) $1,923 Avg Close $46.69 Range $43.94 - $48.53

Q4 2016

Shares 75,526 Value ($000) $4,598 Avg Close $43.92 Range $40.33 - $47.52

Q3 2016

Shares 177,393 Value ($000) $10,266 Avg Close $45.34 Range $43.20 - $46.70

Q2 2016

Shares 286,653 Value ($000) $17,056 Avg Close $40.17 Range $38.40 - $44.78

Q1 2016

Shares 346,901 Value ($000) $18,736 Avg Close $37.48 Range $33.83 - $40.71

Q4 2015

Shares 207,155 Value ($000) $10,956 Avg Close $38.55 Range $34.02 - $40.50

Q3 2015

Shares 246,519 Value ($000) $11,742 Avg Close $34.10 Range $30.50 - $35.69

Q2 2015

Shares 134,952 Value ($000) $6,327 Avg Close $35.43 Range $33.81 - $36.83

Q1 2015

Shares 15,445 Value ($000) $766 Avg Close $34.95 Range $32.10 - $37.30

Q4 2014

Shares 45,403 Value ($000) $2,096 Avg Close $32.95 Range $29.84 - $34.48

Q3 2014

Shares 64,003 Value ($000) $2,829 Avg Close $29.74 Range $28.45 - $31.56

Q2 2014

Shares 36,500 Value ($000) $1,517 Avg Close $28.79 Range $27.74 - $30.17

Q1 2014

Shares 34,015 Value ($000) $1,449 Avg Close $29.49 Range $27.78 - $31.75

Q4 2013

Shares 6,546 Value ($000) $298 Avg Close $29.42 Range $26.88 - $31.75

Q3 2013

Shares 17,101 Value ($000) $695 Avg Close $27.01 Range $24.67 - $28.27

Q2 2013

Shares 86,939 Value ($000) $3,175 Avg Close $25.02 Range $23.54 - $26.26

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	161,053	$18,067	$116.54	$108.00 - $128.00
Q3 2025	101,622	$12,882	$137.17	$117.88 - $146.69
Q2 2025	60,750	$8,837	$147.52	$131.76 - $158.49
Q1 2025	93,756	$14,465	$143.17	$130.91 - $154.56
Q4 2024	115,359	$16	$137.31	$127.32 - $146.13
Q3 2024	101,524	$14	$121.91	$110.27 - $132.34
Q2 2024	58,011	$7	$116.34	$108.73 - $122.07
Q1 2024	93,493	$11	$114.65	$109.88 - $118.72
Q4 2023	134,882	$16	$111.08	$99.22 - $122.00
Q3 2023	159,504	$18	$112.19	$102.46 - $120.23
Q2 2023	112,191	$13	$101.03	$96.32 - $106.39
Q1 2023	199,514	$23	$104.30	$97.60 - $110.45
Q4 2022	243,310	$28	$106.57	$95.82 - $116.78
Q3 2022	241,598	$27,110	$112.11	$100.21 - $126.48
Q2 2022	266,560	$30,353	$112.87	$99.58 - $127.09
Q1 2022	281,174	$38,372	$109.73	$98.39 - $125.97
Q4 2021	312,332	$42,633	$109.87	$98.59 - $123.71
Q3 2021	234,452	$26,364	$99.29	$94.17 - $104.68
Q2 2021	95,318	$10,228	$88.28	$81.10 - $95.27
Q1 2021	81,829	$8,021	$80.38	$74.08 - $88.33
Q4 2020	29,575	$2,756	$76.93	$67.23 - $86.80
Q3 2020	18,512	$1,477	$64.54	$59.78 - $69.40
Q2 2020	10,605	$803	$58.96	$49.78 - $68.91
Q1 2020	71,149	$4,477	$67.41	$40.50 - $76.59
Q4 2019	137,266	$11,676	$70.68	$66.71 - $73.78
Q3 2019	226,077	$18,712	$69.13	$65.71 - $71.95
Q2 2019	392,565	$32,304	$69.57	$65.71 - $73.20
Q1 2019	245,920	$19,723	$60.45	$51.63 - $66.34
Q4 2018	237,365	$15,464	$55.05	$49.99 - $61.44
Q3 2018	105,120	$7,742	$57.93	$53.90 - $61.20
Q2 2018	316,014	$21,600	$51.54	$47.31 - $56.42
Q1 2018	198,867	$12,248	$52.37	$47.16 - $57.65
Q4 2017	219,782	$14,963	$51.63	$46.43 - $55.51
Q3 2017	19,723	$1,183	$44.58	$42.41 - $47.62
Q2 2017	27,571	$1,570	$45.43	$43.85 - $47.78
Q1 2017	32,646	$1,923	$46.69	$43.94 - $48.53
Q4 2016	75,526	$4,598	$43.92	$40.33 - $47.52
Q3 2016	177,393	$10,266	$45.34	$43.20 - $46.70
Q2 2016	286,653	$17,056	$40.17	$38.40 - $44.78
Q1 2016	346,901	$18,736	$37.48	$33.83 - $40.71
Q4 2015	207,155	$10,956	$38.55	$34.02 - $40.50
Q3 2015	246,519	$11,742	$34.10	$30.50 - $35.69
Q2 2015	134,952	$6,327	$35.43	$33.81 - $36.83
Q1 2015	15,445	$766	$34.95	$32.10 - $37.30
Q4 2014	45,403	$2,096	$32.95	$29.84 - $34.48
Q3 2014	64,003	$2,829	$29.74	$28.45 - $31.56
Q2 2014	36,500	$1,517	$28.79	$27.74 - $30.17
Q1 2014	34,015	$1,449	$29.49	$27.78 - $31.75
Q4 2013	6,546	$298	$29.42	$26.88 - $31.75
Q3 2013	17,101	$695	$27.01	$24.67 - $28.27
Q2 2013	86,939	$3,175	$25.02	$23.54 - $26.26