PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

MIDDLETON & CO INC/MA's Holding History (CIK: 0000919497)

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

Q4 2025

Shares 5,410 Value ($000) $607 Avg Close $116.54 Range $108.00 - $128.00

Q3 2025

Shares 5,535 Value ($000) $702 Avg Close $137.17 Range $117.88 - $146.69

Q2 2025

Shares 5,935 Value ($000) $863 Avg Close $147.52 Range $131.76 - $158.49

Q1 2025

Shares 5,935 Value ($000) $916 Avg Close $143.17 Range $130.91 - $154.56

Q4 2024

Shares 6,040 Value ($000) $847 Avg Close $137.31 Range $127.32 - $146.13

Q3 2024

Shares 6,090 Value ($000) $817 Avg Close $121.91 Range $110.27 - $132.34

Q2 2024

Shares 7,415 Value ($000) $879 Avg Close $116.34 Range $108.73 - $122.07

Q1 2024

Shares 7,440 Value ($000) $914 Avg Close $114.65 Range $109.88 - $118.72

Q4 2023

Shares 8,730 Value ($000) $1,040 Avg Close $111.08 Range $99.22 - $122.00

Q3 2023

Shares 9,660 Value ($000) $1,114 Avg Close $112.19 Range $102.46 - $120.23

Q2 2023

Shares 10,542 Value ($000) $1,179 Avg Close $101.03 Range $96.32 - $106.39

Q1 2023

Shares 11,702 Value ($000) $1,341 Avg Close $104.30 Range $97.60 - $110.45

Q4 2022

Shares 11,702 Value ($000) $1,352 Avg Close $106.57 Range $95.82 - $116.78

Q3 2022

Shares 11,702 Value ($000) $1,313 Avg Close $112.11 Range $100.21 - $126.48

Q2 2022

Shares 13,387 Value ($000) $1,524 Avg Close $112.87 Range $99.58 - $127.09

Q1 2022

Shares 13,387 Value ($000) $1,827 Avg Close $109.73 Range $98.39 - $125.97

Q4 2021

Shares 15,147 Value ($000) $2,068 Avg Close $109.87 Range $98.59 - $123.71

Q3 2021

Shares 14,997 Value ($000) $1,687 Avg Close $99.29 Range $94.17 - $104.68

Q2 2021

Shares 16,117 Value ($000) $1,730 Avg Close $88.28 Range $81.10 - $95.27

Q1 2021

Shares 16,192 Value ($000) $1,587 Avg Close $80.38 Range $74.08 - $88.33

Q4 2020

Shares 16,302 Value ($000) $1,519 Avg Close $76.93 Range $67.23 - $86.80

Q3 2020

Shares 16,752 Value ($000) $1,336 Avg Close $64.54 Range $59.78 - $69.40

Q2 2020

Shares 16,752 Value ($000) $1,268 Avg Close $58.96 Range $49.78 - $68.91

Q1 2020

Shares 16,752 Value ($000) $1,054 Avg Close $67.41 Range $40.50 - $76.59

Q4 2019

Shares 16,452 Value ($000) $1,399 Avg Close $70.68 Range $66.71 - $73.78

Q3 2019

Shares 17,107 Value ($000) $1,416 Avg Close $69.13 Range $65.71 - $71.95

Q2 2019

Shares 17,307 Value ($000) $1,424 Avg Close $69.57 Range $65.71 - $73.20

Q1 2019

Shares 17,357 Value ($000) $1,392 Avg Close $60.45 Range $51.63 - $66.34

Q4 2018

Shares 17,357 Value ($000) $1,131 Avg Close $55.05 Range $49.99 - $61.44

Q3 2018

Shares 17,507 Value ($000) $1,290 Avg Close $57.93 Range $53.90 - $61.20

Q2 2018

Shares 19,298 Value ($000) $1,319 Avg Close $51.54 Range $47.31 - $56.42

Q1 2018

Shares 19,702 Value ($000) $1,214 Avg Close $52.37 Range $47.16 - $57.65

Q4 2017

Shares 19,553 Value ($000) $1,331 Avg Close $51.63 Range $46.43 - $55.51

Q3 2017

Shares 20,153 Value ($000) $1,208 Avg Close $44.58 Range $42.41 - $47.62

Q2 2017

Shares 20,419 Value ($000) $1,163 Avg Close $45.43 Range $43.85 - $47.78

Q1 2017

Shares 20,444 Value ($000) $1,205 Avg Close $46.69 Range $43.94 - $48.53

Q4 2016

Shares 21,044 Value ($000) $1,281 Avg Close $43.92 Range $40.33 - $47.52

Q3 2016

Shares 20,944 Value ($000) $1,212 Avg Close $45.34 Range $43.20 - $46.70

Q2 2016

Shares 20,812 Value ($000) $1,238 Avg Close $40.17 Range $38.40 - $44.78

Q1 2016

Shares 21,449 Value ($000) $1,159 Avg Close $37.48 Range $33.83 - $40.71

Q4 2015

Shares 21,449 Value ($000) $1,135 Avg Close $38.55 Range $34.02 - $40.50

Q3 2015

Shares 21,449 Value ($000) $1,021 Avg Close $34.10 Range $30.50 - $35.69

Q2 2015

Shares 21,449 Value ($000) $1,006 Avg Close $35.43 Range $33.81 - $36.83

Q1 2015

Shares 22,423 Value ($000) $1,113 Avg Close $34.95 Range $32.10 - $37.30

Q4 2014

Shares 22,425 Value ($000) $1,035 Avg Close $32.95 Range $29.84 - $34.48

Q3 2014

Shares 22,425 Value ($000) $991 Avg Close $29.74 Range $28.45 - $31.56

Q2 2014

Shares 30,775 Value ($000) $1,279 Avg Close $28.79 Range $27.74 - $30.17

Q1 2014

Shares 32,975 Value ($000) $1,405 Avg Close $29.49 Range $27.78 - $31.75

Q4 2013

Shares 35,250 Value ($000) $1,605 Avg Close $29.42 Range $26.88 - $31.75

Q3 2013

Shares 38,230 Value ($000) $1,553 Avg Close $27.01 Range $24.67 - $28.27

Q2 2013

Shares 35,510 Value ($000) $1,297 Avg Close $25.02 Range $23.54 - $26.26

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	5,410	$607	$116.54	$108.00 - $128.00
Q3 2025	5,535	$702	$137.17	$117.88 - $146.69
Q2 2025	5,935	$863	$147.52	$131.76 - $158.49
Q1 2025	5,935	$916	$143.17	$130.91 - $154.56
Q4 2024	6,040	$847	$137.31	$127.32 - $146.13
Q3 2024	6,090	$817	$121.91	$110.27 - $132.34
Q2 2024	7,415	$879	$116.34	$108.73 - $122.07
Q1 2024	7,440	$914	$114.65	$109.88 - $118.72
Q4 2023	8,730	$1,040	$111.08	$99.22 - $122.00
Q3 2023	9,660	$1,114	$112.19	$102.46 - $120.23
Q2 2023	10,542	$1,179	$101.03	$96.32 - $106.39
Q1 2023	11,702	$1,341	$104.30	$97.60 - $110.45
Q4 2022	11,702	$1,352	$106.57	$95.82 - $116.78
Q3 2022	11,702	$1,313	$112.11	$100.21 - $126.48
Q2 2022	13,387	$1,524	$112.87	$99.58 - $127.09
Q1 2022	13,387	$1,827	$109.73	$98.39 - $125.97
Q4 2021	15,147	$2,068	$109.87	$98.59 - $123.71
Q3 2021	14,997	$1,687	$99.29	$94.17 - $104.68
Q2 2021	16,117	$1,730	$88.28	$81.10 - $95.27
Q1 2021	16,192	$1,587	$80.38	$74.08 - $88.33
Q4 2020	16,302	$1,519	$76.93	$67.23 - $86.80
Q3 2020	16,752	$1,336	$64.54	$59.78 - $69.40
Q2 2020	16,752	$1,268	$58.96	$49.78 - $68.91
Q1 2020	16,752	$1,054	$67.41	$40.50 - $76.59
Q4 2019	16,452	$1,399	$70.68	$66.71 - $73.78
Q3 2019	17,107	$1,416	$69.13	$65.71 - $71.95
Q2 2019	17,307	$1,424	$69.57	$65.71 - $73.20
Q1 2019	17,357	$1,392	$60.45	$51.63 - $66.34
Q4 2018	17,357	$1,131	$55.05	$49.99 - $61.44
Q3 2018	17,507	$1,290	$57.93	$53.90 - $61.20
Q2 2018	19,298	$1,319	$51.54	$47.31 - $56.42
Q1 2018	19,702	$1,214	$52.37	$47.16 - $57.65
Q4 2017	19,553	$1,331	$51.63	$46.43 - $55.51
Q3 2017	20,153	$1,208	$44.58	$42.41 - $47.62
Q2 2017	20,419	$1,163	$45.43	$43.85 - $47.78
Q1 2017	20,444	$1,205	$46.69	$43.94 - $48.53
Q4 2016	21,044	$1,281	$43.92	$40.33 - $47.52
Q3 2016	20,944	$1,212	$45.34	$43.20 - $46.70
Q2 2016	20,812	$1,238	$40.17	$38.40 - $44.78
Q1 2016	21,449	$1,159	$37.48	$33.83 - $40.71
Q4 2015	21,449	$1,135	$38.55	$34.02 - $40.50
Q3 2015	21,449	$1,021	$34.10	$30.50 - $35.69
Q2 2015	21,449	$1,006	$35.43	$33.81 - $36.83
Q1 2015	22,423	$1,113	$34.95	$32.10 - $37.30
Q4 2014	22,425	$1,035	$32.95	$29.84 - $34.48
Q3 2014	22,425	$991	$29.74	$28.45 - $31.56
Q2 2014	30,775	$1,279	$28.79	$27.74 - $30.17
Q1 2014	32,975	$1,405	$29.49	$27.78 - $31.75
Q4 2013	35,250	$1,605	$29.42	$26.88 - $31.75
Q3 2013	38,230	$1,553	$27.01	$24.67 - $28.27
Q2 2013	35,510	$1,297	$25.02	$23.54 - $26.26