Intech Investment Management LLC lessened its holdings in Paychex, Inc. ( NASDAQ:PAYX – Free Report ) by 10.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 364,040 shares of the business services provider's stock after selling 42,091 shares during the period. Intech Investment Management LLC owned 0.10% of Paychex worth $41,715,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also modified their holdings of PAYX.

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