Institutional investors purchased a net $163.7 thousand shares of PAYX during the quarter ended February 2013. This may signal that the smart money is gaining interest in this company as the 70.33% of shares outstanding that institutional investors hold is actually below the Data Processing Services industry average.
| Mutual fund holders | 35.18% |
| Other institutional | 35.14% |
| Individual stakeholders | 11.72% |