PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

First City Capital Management, Inc.'s Holding History (CIK: 0001427350)

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

Q4 2025

Shares 9,262 Value ($000) $1,039 Avg Close $116.54 Range $108.00 - $128.00

Q3 2025

Shares 10,322 Value ($000) $1,308 Avg Close $137.17 Range $117.88 - $146.69

Q2 2025

Shares 10,722 Value ($000) $1,560 Avg Close $147.52 Range $131.76 - $158.49

Q1 2025

Shares 10,722 Value ($000) $1,654 Avg Close $143.17 Range $130.91 - $154.56

Q4 2024

Shares 10,847 Value ($000) $1,521 Avg Close $137.31 Range $127.32 - $146.13

Q3 2024

Shares 11,087 Value ($000) $1,488 Avg Close $121.91 Range $110.27 - $132.34

Q2 2024

Shares 11,137 Value ($000) $1,320 Avg Close $116.34 Range $108.73 - $122.07

Q1 2024

Shares 12,264 Value ($000) $1,506 Avg Close $114.65 Range $109.88 - $118.72

Q4 2023

Shares 12,614 Value ($000) $1,502 Avg Close $111.08 Range $99.22 - $122.00

Q3 2023

Shares 13,455 Value ($000) $1,552 Avg Close $112.19 Range $102.46 - $120.23

Q2 2023

Shares 13,455 Value ($000) $1,505 Avg Close $101.03 Range $96.32 - $106.39

Q1 2023

Shares 14,950 Value ($000) $1,642 Avg Close $104.30 Range $97.60 - $110.45

Q4 2022

Shares 14,950 Value ($000) $1,728 Avg Close $106.57 Range $95.82 - $116.78

Q3 2022

Shares 15,140 Value ($000) $1,699 Avg Close $112.11 Range $100.21 - $126.48

Q2 2022

Shares 15,790 Value ($000) $1,798 Avg Close $112.87 Range $99.58 - $127.09

Q1 2022

Shares 15,940 Value ($000) $2,175 Avg Close $109.73 Range $98.39 - $125.97

Q4 2021

Shares 15,865 Value ($000) $1,902 Avg Close $109.87 Range $98.59 - $123.71

Q3 2021

Shares 18,467 Value ($000) $2,077 Avg Close $99.29 Range $94.17 - $104.68

Q2 2021

Shares 18,507 Value ($000) $2,156 Avg Close $88.28 Range $81.10 - $95.27

Q1 2021

Shares 18,782 Value ($000) $1,809 Avg Close $80.38 Range $74.08 - $88.33

Q4 2020

Shares 19,300 Value ($000) $1,743 Avg Close $76.93 Range $67.23 - $86.80

Q3 2020

Shares 42,241 Value ($000) $3,563 Avg Close $64.54 Range $59.78 - $69.40

Q2 2020

Shares 22,820 Value ($000) $1,729 Avg Close $58.96 Range $49.78 - $68.91

Q1 2020

Shares 22,335 Value ($000) $1,405 Avg Close $67.41 Range $40.50 - $76.59

Q4 2019

Shares 22,595 Value ($000) $1,922 Avg Close $70.68 Range $66.71 - $73.78

Q3 2019

Shares 22,740 Value ($000) $1,882 Avg Close $69.13 Range $65.71 - $71.95

Q2 2019

Shares 25,215 Value ($000) $2,075 Avg Close $69.57 Range $65.71 - $73.20

Q1 2019

Shares 25,314 Value ($000) $2,030 Avg Close $60.45 Range $51.63 - $66.34

Q4 2018

Shares 26,864 Value ($000) $1,750 Avg Close $55.05 Range $49.99 - $61.44

Q3 2018

Shares 27,064 Value ($000) $1,993 Avg Close $57.93 Range $53.90 - $61.20

Q2 2018

Shares 28,664 Value ($000) $1,959 Avg Close $51.54 Range $47.31 - $56.42

Q1 2018

Shares 28,713 Value ($000) $1,768 Avg Close $52.37 Range $47.16 - $57.65

Q4 2017

Shares 28,713 Value ($000) $1,955 Avg Close $51.63 Range $46.43 - $55.51

Q3 2017

Shares 28,813 Value ($000) $1,728 Avg Close $44.58 Range $42.41 - $47.62

Q2 2017

Shares 28,987 Value ($000) $1,651 Avg Close $45.43 Range $43.85 - $47.78

Q1 2017

Shares 29,037 Value ($000) $1,710 Avg Close $46.69 Range $43.94 - $48.53

Q4 2016

Shares 29,237 Value ($000) $1,780 Avg Close $43.92 Range $40.33 - $47.52

Q3 2016

Shares 30,286 Value ($000) $1,752,677 Avg Close $45.34 Range $43.20 - $46.70

Q2 2016

Shares 31,386 Value ($000) $1,867 Avg Close $40.17 Range $38.40 - $44.78

Q1 2016

Shares 31,486 Value ($000) $1,700,553 Avg Close $37.48 Range $33.83 - $40.71

Q4 2015

Shares 32,486 Value ($000) $1,718,162 Avg Close $38.55 Range $34.02 - $40.50

Q3 2015

Shares 32,685 Value ($000) $1,556,801 Avg Close $34.10 Range $30.50 - $35.69

Q2 2015

Shares 32,685 Value ($000) $1,532,273 Avg Close $35.43 Range $33.81 - $36.83

Q1 2015

Shares 33,050 Value ($000) $1,639,776 Avg Close $34.95 Range $32.10 - $37.30

Q4 2014

Shares 33,355 Value ($000) $1,540,000 Avg Close $32.95 Range $29.84 - $34.48

Q3 2014

Shares 33,355 Value ($000) $1,474,291 Avg Close $29.74 Range $28.45 - $31.56

Q2 2014

Shares 34,555 Value ($000) $1,436,106 Avg Close $28.79 Range $27.74 - $30.17

Q1 2014

Shares 34,580 Value ($000) $1,473,108 Avg Close $29.49 Range $27.78 - $31.75

Q4 2013

Shares 35,280 Value ($000) $1,606,298 Avg Close $29.42 Range $26.88 - $31.75

Q3 2013

Shares 36,925 Value ($000) $1,500,632 Avg Close $27.01 Range $24.67 - $28.27

Q2 2013

Shares 36,925 Value ($000) $1,348,132 Avg Close $25.02 Range $23.54 - $26.26

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	9,262	$1,039	$116.54	$108.00 - $128.00
Q3 2025	10,322	$1,308	$137.17	$117.88 - $146.69
Q2 2025	10,722	$1,560	$147.52	$131.76 - $158.49
Q1 2025	10,722	$1,654	$143.17	$130.91 - $154.56
Q4 2024	10,847	$1,521	$137.31	$127.32 - $146.13
Q3 2024	11,087	$1,488	$121.91	$110.27 - $132.34
Q2 2024	11,137	$1,320	$116.34	$108.73 - $122.07
Q1 2024	12,264	$1,506	$114.65	$109.88 - $118.72
Q4 2023	12,614	$1,502	$111.08	$99.22 - $122.00
Q3 2023	13,455	$1,552	$112.19	$102.46 - $120.23
Q2 2023	13,455	$1,505	$101.03	$96.32 - $106.39
Q1 2023	14,950	$1,642	$104.30	$97.60 - $110.45
Q4 2022	14,950	$1,728	$106.57	$95.82 - $116.78
Q3 2022	15,140	$1,699	$112.11	$100.21 - $126.48
Q2 2022	15,790	$1,798	$112.87	$99.58 - $127.09
Q1 2022	15,940	$2,175	$109.73	$98.39 - $125.97
Q4 2021	15,865	$1,902	$109.87	$98.59 - $123.71
Q3 2021	18,467	$2,077	$99.29	$94.17 - $104.68
Q2 2021	18,507	$2,156	$88.28	$81.10 - $95.27
Q1 2021	18,782	$1,809	$80.38	$74.08 - $88.33
Q4 2020	19,300	$1,743	$76.93	$67.23 - $86.80
Q3 2020	42,241	$3,563	$64.54	$59.78 - $69.40
Q2 2020	22,820	$1,729	$58.96	$49.78 - $68.91
Q1 2020	22,335	$1,405	$67.41	$40.50 - $76.59
Q4 2019	22,595	$1,922	$70.68	$66.71 - $73.78
Q3 2019	22,740	$1,882	$69.13	$65.71 - $71.95
Q2 2019	25,215	$2,075	$69.57	$65.71 - $73.20
Q1 2019	25,314	$2,030	$60.45	$51.63 - $66.34
Q4 2018	26,864	$1,750	$55.05	$49.99 - $61.44
Q3 2018	27,064	$1,993	$57.93	$53.90 - $61.20
Q2 2018	28,664	$1,959	$51.54	$47.31 - $56.42
Q1 2018	28,713	$1,768	$52.37	$47.16 - $57.65
Q4 2017	28,713	$1,955	$51.63	$46.43 - $55.51
Q3 2017	28,813	$1,728	$44.58	$42.41 - $47.62
Q2 2017	28,987	$1,651	$45.43	$43.85 - $47.78
Q1 2017	29,037	$1,710	$46.69	$43.94 - $48.53
Q4 2016	29,237	$1,780	$43.92	$40.33 - $47.52
Q3 2016	30,286	$1,752,677	$45.34	$43.20 - $46.70
Q2 2016	31,386	$1,867	$40.17	$38.40 - $44.78
Q1 2016	31,486	$1,700,553	$37.48	$33.83 - $40.71
Q4 2015	32,486	$1,718,162	$38.55	$34.02 - $40.50
Q3 2015	32,685	$1,556,801	$34.10	$30.50 - $35.69
Q2 2015	32,685	$1,532,273	$35.43	$33.81 - $36.83
Q1 2015	33,050	$1,639,776	$34.95	$32.10 - $37.30
Q4 2014	33,355	$1,540,000	$32.95	$29.84 - $34.48
Q3 2014	33,355	$1,474,291	$29.74	$28.45 - $31.56
Q2 2014	34,555	$1,436,106	$28.79	$27.74 - $30.17
Q1 2014	34,580	$1,473,108	$29.49	$27.78 - $31.75
Q4 2013	35,280	$1,606,298	$29.42	$26.88 - $31.75
Q3 2013	36,925	$1,500,632	$27.01	$24.67 - $28.27
Q2 2013	36,925	$1,348,132	$25.02	$23.54 - $26.26