Analysts’ Weekly Ratings Updates for Paychex (PAYX)

A number of research firms have changed their ratings and price targets for Paychex (NASDAQ: PAYX):

• 1/2/2026 – Paychex had its price target lowered by analysts at Argus from $150.00 to $130.00. They now have a “buy” rating on the stock.
• 12/29/2025 – Paychex had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 12/22/2025 – Paychex had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 12/22/2025 – Paychex had its price target lowered by analysts at Citigroup Inc. from $139.00 to $120.00. They now have a “neutral” rating on the stock.
• 12/22/2025 – Paychex had its price target lowered by analysts at Stephens from $135.00 to $125.00. They now have an “equal weight” rating on the stock.
• 12/22/2025 – Paychex had its price target lowered by analysts at JPMorgan Chase & Co. from $140.00 to $125.00. They now have an “underweight” rating on the stock.
• 12/22/2025 – Paychex had its price target lowered by analysts at Morgan Stanley from $133.00 to $123.00. They now have an “equal weight” rating on the stock.
• 12/19/2025 – Paychex was given a new $110.00 price target on by analysts at Jefferies Financial Group Inc..
• 12/17/2025 – Paychex had its price target lowered by analysts at Stifel Nicolaus from $137.00 to $126.00. They now have a “hold” rating on the stock.
• 12/15/2025 – Paychex had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 12/10/2025 – Paychex had its price target lowered by analysts at Wolfe Research from $130.00 to $115.00. They now have an “underperform” rating on the stock.
• 12/9/2025 – Paychex had its price target lowered by analysts at Wells Fargo & Company from $128.00 to $116.00. They now have an “underweight” rating on the stock.
• 12/9/2025 – Paychex had its price target lowered by analysts at BMO Capital Markets from $140.00 to $121.00. They now have a “market perform” rating on the stock.
• 12/8/2025 – Paychex had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 12/7/2025 – Paychex had its price target lowered by analysts at Jefferies Financial Group Inc. from $130.00 to $118.00. They now have a “hold” rating on the stock.
• 12/5/2025 – Paychex had its price target lowered by analysts at Royal Bank Of Canada from $150.00 to $125.00. They now have a “sector perform” rating on the stock.
• 12/1/2025 – Paychex had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 12/1/2025 – Paychex had its “hold” rating reaffirmed by analysts at Cowen Inc.
• 12/1/2025 – Paychex had its price target lowered by analysts at TD Cowen from $126.00 to $114.00. They now have a “hold” rating on the stock.
• 11/25/2025 – Paychex had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 11/19/2025 – Paychex had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 11/13/2025 – Paychex had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings.
• 11/7/2025 – Paychex was downgraded by analysts at Weiss Ratings from a “buy (b-)” rating to a “hold (c)” rating.

Paychex Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Friday, November 7th were issued a dividend of $1.08 per share. The ex-dividend date was Friday, November 7th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 3.9%. Paychex’s dividend payout ratio is presently 97.96%.

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.