Weekly Analysts’ Ratings Changes for Paychex (PAYX)

Several brokerages have updated their recommendations and price targets on shares of Paychex (NASDAQ: PAYX) in the last few weeks:

• 9/11/2026 – Paychex had its “hold” rating reaffirmed by TD Cowen.
• 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.
• 7/22/2026 – Paychex had its price target raised by UBS Group AG from $105.00 to $115.00. They now have a “neutral” rating on the stock.
• 7/20/2026 – Paychex was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
• 7/20/2026 – Paychex had its “underweight” rating reaffirmed by Cantor Fitzgerald. They now have a $107.00 price target on the stock.
• 7/16/2026 – Paychex was upgraded by Raymond James Financial, Inc. from “market perform” to “outperform”. They now have a $210.00 price target on the stock.
• 7/15/2026 – Paychex had its price target lowered by Bank of America Corporation from $450.00 to $225.00.

Paychex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Tuesday, July 28th were issued a dividend of $1.19 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $4.76 annualized dividend and a dividend yield of 4.1%. Paychex’s dividend payout ratio (DPR) is currently 97.34%.

Insider Buying and Selling

In other news, CFO Robert L. Schrader sold 2,600 shares of the company’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 sale, the chief financial officer directly owned 18,547 shares in the company, valued at approximately $2,134,574.23. This represents a 12.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph M. Tucci sold 3,907 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $98.25, for a total value of $383,862.75. Following the completion of the transaction, the director owned 67,364 shares in the company, valued at $6,618,513. The trade was a 5.48% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by insiders.

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.