Investment Analysts’ Recent Ratings Updates for Paychex (PAYX)

Paychex (NASDAQ: PAYX) has recently received a number of price target changes and ratings updates:

• 6/30/2026 – Paychex had its price target raised by Morgan Stanley from $107.00 to $109.00. They now have an “equal weight” rating on the stock.
• 6/25/2026 – Paychex had its price target lowered by UBS Group AG from $100.00 to $98.00. They now have a “neutral” rating on the stock.
• 6/25/2026 – Paychex had its price target lowered by UBS Group AG from $100.00 to $98.00. They now have a “neutral” rating on the stock.
• 6/25/2026 – Paychex had its price target raised by JPMorgan Chase & Co. from $100.00 to $105.00. They now have an “underweight” rating on the stock.
• 6/17/2026 – Paychex had its price target raised by Stifel Nicolaus from $105.00 to $110.00. They now have a “hold” rating on the stock.
• 6/15/2026 – Paychex was upgraded by Citigroup Inc. from “neutral” to “buy”. They now have a $140.00 price target on the stock, up from $99.00.
• 6/8/2026 – Paychex had its price target raised by TD Cowen from $94.00 to $98.00. They now have a “hold” rating on the stock.
• 5/28/2026 – Paychex had its “sector perform” rating reaffirmed by Royal Bank Of Canada.
• 5/18/2026 – Paychex was upgraded by TD Cowen to “hold”.

Paychex Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 13th were given a $1.19 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $4.76 annualized dividend and a dividend yield of 4.5%. This is an increase from Paychex’s previous quarterly dividend of $1.08. Paychex’s dividend payout ratio is currently 97.34%.

Insider Activity at Paychex

In other Paychex news, Director Joseph M. Tucci sold 3,907 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $98.25, for a total transaction of $383,862.75. Following the completion of the transaction, the director owned 67,364 shares of the company’s stock, valued at approximately $6,618,513. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by insiders.

Paychex, Inc, founded in 1971 by B. Thomas “Tom” Golisano and headquartered in Rochester, New York, is a provider of payroll, human resources, and benefits outsourcing solutions for small- and medium-sized businesses. The company’s core services include payroll processing and tax filing, employee benefits administration, retirement services, and workers’ compensation administration, designed to simplify back-office operations and help clients comply with regulatory and tax requirements.

Paychex offers an integrated technology platform, marketed under the Paychex Flex brand, which delivers cloud-based payroll, HR, time and attendance, and reporting tools.