Recent Investment Analysts’ Ratings Updates for Paychex (PAYX)

Paychex (NASDAQ: PAYX) recently received a number of ratings updates from brokerages and research firms:

• 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.

Paychex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Tuesday, July 28th were issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, July 28th. Paychex’s dividend payout ratio (DPR) is currently 94.44%.

Insider Buying and Selling at Paychex

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

Paychex, Inc (NASDAQ: PAYX) provides payroll, human resources and employee benefits solutions for businesses of varying sizes. Its services are designed to help employers manage workforce administration, compliance and employee-related processes through integrated software and professional support.

The company’s offerings include payroll processing, time and attendance tracking, human resources administration, recruiting and onboarding tools, benefits administration, retirement services, workers’ compensation and business insurance solutions.