Paychex (NASDAQ:PAYX) Given New $105.00 Price Target at JPMorgan Chase & Co.

Paychex (NASDAQ:PAYX) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $100.00 to $105.00 in a report released on Thursday,MarketScreener reports. The firm presently has an “underweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 9.03% from the company’s previous close.

Several other analysts also recently issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Paychex in a research note on Friday, April 24th. BMO Capital Markets raised their target price on Paychex to $52.00 and gave the company an “outperform” rating in a research report on Thursday, March 26th. Jefferies Financial Group cut their price target on shares of Paychex from $110.00 to $105.00 and set a “hold” rating on the stock in a report on Thursday, March 26th. Wells Fargo & Company decreased their price target on shares of Paychex from $116.00 to $95.00 and set an “underweight” rating for the company in a research note on Thursday, March 26th. Finally, UBS Group dropped their price objective on Paychex from $98.00 to $94.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, Paychex presently has a consensus rating of “Hold” and an average price target of $105.40.

Paychex Stock Down 1.7%

PAYX stock opened at $96.30 on Thursday. The stock’s 50 day simple moving average is $95.27 and its 200 day simple moving average is $99.25. Paychex has a fifty-two week low of $85.45 and a fifty-two week high of $148.76. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $34.50 billion, a P/E ratio of 21.21 and a beta of 0.84.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings data on Wednesday, June 24th. The business services provider reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.01. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Paychex had a return on equity of 48.52% and a net margin of 25.84%.The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 earnings per share. Paychex has set its FY 2027 guidance at 5.900-6.010 EPS. On average, research analysts expect that Paychex will post 5.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paychex

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Paychex by 12.1% in the 4th quarter. Vanguard Group Inc. now owns 42,348,625 shares of the business services provider’s stock valued at $4,750,669,000 after purchasing an additional 4,583,157 shares during the period. Capital International Investors grew its position in Paychex by 59.1% during the fourth quarter. Capital International Investors now owns 30,265,174 shares of the business services provider’s stock worth $3,395,583,000 after buying an additional 11,243,295 shares in the last quarter. State Street Corp increased its stake in Paychex by 1.6% in the 4th quarter. State Street Corp now owns 13,988,393 shares of the business services provider’s stock worth $1,569,218,000 after acquiring an additional 216,045 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Paychex by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,550,173 shares of the business services provider’s stock valued at $1,295,698,000 after acquiring an additional 263,152 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Paychex by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 9,705,424 shares of the business services provider’s stock valued at $1,093,958,000 after acquiring an additional 78,760 shares during the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.

Paychex News Summary

Here are the key news stories impacting Paychex this week:

• Positive Sentiment: Paychex beat Q4 expectations, reporting EPS of $1.32 versus $1.31 expected and revenue of $1.61 billion versus $1.60 billion expected, with revenue up 12.5% year over year. Article: Paychex (PAYX) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Management highlighted continued AI investment and monetization opportunities, including the launch of WISE Workforce Intelligence Engine, which could support longer-term growth and product differentiation. Article: PAYX Q4 Earnings Call Flags AI Push, Steady Fiscal 2027 View
• Neutral Sentiment: Analysts and earnings-call coverage noted improving execution, Paycor-related synergies, and steadier operational trends, suggesting the business remains fundamentally healthy even as growth normalizes. Article: Paychex Earnings Call: Strong 2026, Cautious 2027 Outlook
• Negative Sentiment: The main drag on the stock is guidance: Paychex projected fiscal 2027 revenue growth of roughly 5% to 6% and EPS growth of 7% to 9%, a step down from the stronger growth seen in fiscal 2026, which disappointed investors expecting momentum to continue. Article: Paychex tops fourth quarter earnings, shares dip on 2027 outlook
• Negative Sentiment: Several reports also pointed to higher expenses and a valuation that may already reflect much of the good news, reinforcing the market’s cautious reaction after the earnings release. Article: Paychex: Solid Fundamentals and Encouraging Trends Offset by Valuation

About Paychex

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.