Paychex (PAYX) – Analysts’ Recent Ratings Changes

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

• 9/28/2026 – Paychex had its price target lowered by Cantor Fitzgerald from $112.00 to $96.00. They now have an “underweight” rating on the stock.
• 9/28/2026 – Paychex had its price target lowered by Robert W. Baird from $125.00 to $110.00. They now have a “neutral” rating on the stock.
• 9/25/2026 – Paychex had its price target lowered by TD Cowen from $117.00 to $105.00. They now have a “hold” rating on the stock.
• 9/24/2026 – Paychex had its price target lowered by BMO Capital Markets from $118.00 to $113.00. They now have a “market perform” rating on the stock.
• 9/24/2026 – Paychex had its “sector perform” rating reaffirmed by Royal Bank Of Canada. They now have a $130.00 price target on the stock.
• 9/24/2026 – Paychex had its price target lowered by Jefferies Financial Group Inc. from $120.00 to $110.00. They now have a “hold” rating on the stock.
• 9/24/2026 – Paychex had its price target lowered by Stifel Nicolaus from $130.00 to $112.00. They now have a “hold” rating on the stock.
• 9/24/2026 – Paychex had its price target lowered by Stephens from $132.00 to $113.00. They now have an “equal weight” rating on the stock.
• 9/24/2026 – Paychex had its price target lowered by UBS Group AG from $125.00 to $115.00. They now have a “neutral” rating on the stock.
• 9/24/2026 – Paychex was upgraded by JPMorgan Chase & Co. from “underweight” to “neutral”. They now have a $115.00 price target on the stock, up from $105.00.
• 9/17/2026 – Paychex had its “neutral” rating reaffirmed by Guggenheim.
• 9/16/2026 – Paychex was upgraded by Wolfe Research from “underperform” to “peer perform”.
• 9/11/2026 – Paychex had its price target raised by TD Cowen from $98.00 to $117.00. They now have a “hold” rating on the stock.
• 9/9/2026 – Paychex had its price target raised by Wells Fargo & Company from $95.00 to $111.00. They now have an “underweight” rating on the stock.
• 9/9/2026 – Paychex had its price target raised by Stifel Nicolaus from $110.00 to $130.00. They now have a “hold” rating on the stock.
• 9/4/2026 – Paychex is now covered by Stephens. They set an “equal weight” rating and a $132.00 price target on the stock.
• 8/12/2026 – Paychex had its price target raised by Jefferies Financial Group Inc. from $105.00 to $120.00. They now have a “hold” rating on the stock.
• 7/30/2026 – Paychex had its price target raised by Citigroup Inc. from $140.00 to $150.00. They now have a “buy” rating on the stock.

Paychex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, July 28th were given a $1.19 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $4.76 annualized dividend and a yield of 4.7%. Paychex’s dividend payout ratio is presently 94.44%.

Insiders Place Their Bets

In other Paychex news, CFO Robert Schrader sold 2,600 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $115.09, for a total transaction of $299,234.00. Following the completion of the transaction, the chief financial officer owned 18,547 shares of the company’s stock, valued at approximately $2,134,574.23. This trade represents a 12.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

Paychex, Inc is a provider of payroll, human resources, and workforce management solutions for businesses of varying sizes. Its offerings include payroll processing, tax administration, time and attendance tracking, employee benefits administration, retirement services, workers’ compensation and business insurance, recruiting, and compliance support.

The company also provides professional employer organization services, helping businesses manage employment administration and human resources through an integrated platform.