Paychex, Inc.

Paychex, Inc.

PAYXยทNASDAQ

$98.45

-2.3%
IndustrialsStaffing & Employment Services

Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.

At a Glance

Live Snapshot
Market Cap$35.27B
EPS4.6000
P/E Ratio21.40
Earnings Date06/24/2026
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Paychex, Inc. Street Expectations Map

PAYX ยท NASDAQ

Wall Street analysts project that PAYX stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 112.14, with estimates ranging from a low of 98.00 to a high of 126.00.

Lowest Target
98.00
-0.46%
Consensus Target
112.14
13.91%
Highest Target
126.00
27.98%

The consensus 1-year price target stands at 112.14, with estimates ranging from a low of 98.00 to a high of 126.00.

Analyst Consensus Analysis

Upside Potential

+13.9%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

25.0% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

61.22x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Asymmetric upside: Strong return potential with favorable risk-reward profile. The limited downside relative to upside makes this an attractive risk-adjusted opportunity for growth-oriented portfolios.

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Paychex, Inc. Forward Estimates of Revenue

PAYX ยท NASDAQ
Latest Revenue
5.57B
FY 2025
Avg Estimate
6.53B
FY 2026
Estimate Range
6.50B - 6.56B
Analyst Spread

Forward Growth Analysis

Projected Growth+17.2%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage12 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Paychex, Inc. Forward Estimates of Net Income

PAYX ยท NASDAQ
Latest Net Income
1.66B
FY 2025
Avg Estimate
1.98B
FY 2026
Estimate Range
1.97B - 1.98B
Analyst Spread

Forward Growth Analysis

Projected Growth+19.3%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage12 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Paychex, Inc. Forward Estimates of EPS

PAYX ยท NASDAQ
Latest EPS
4.60
FY 2025
Avg Estimate
$5.46
FY 2026
Estimate Range
$5.45 - $5.47
Analyst Spread

Forward Growth Analysis

Projected Growth+18.7%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage10 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Paychex, Inc. Forward Estimates of EBIT

PAYX ยท NASDAQ
Latest EBIT
2.28B
FY 2025
Avg Estimate
2.61B
FY 2026
Estimate Range
2.60B - 2.63B
Analyst Spread

Forward Growth Analysis

Projected Growth+14.6%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage12 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Paychex, Inc. Forward Estimates of EBITDA

PAYX ยท NASDAQ
Latest EBITDA
2.49B
FY 2025
Avg Estimate
2.87B
FY 2026
Estimate Range
2.86B - 2.88B
Analyst Spread

Forward Growth Analysis

Projected Growth+15.2%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage12 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Paychex, Inc. Forward Estimates of SG&A Expense

PAYX ยท NASDAQ
Latest SG&A Expense
1.82B
FY 2025
Avg Estimate
2.05B
FY 2026
Estimate Range
2.04B - 2.06B
Analyst Spread

Forward Growth Analysis

Projected Growth+12.6%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage12 Analysts

Good analyst coverage ensures reliable estimates with diverse professional perspectives.

Estimate Spread1%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookStrong

Positive analyst consensus with strong growth expectations and forecast confidence.

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Paychex, Inc. Insider Positioning

PAYX ยท NASDAQ

During the last 12 months, insiders have purchased $197K and sold $16.66M worth of PAYX shares, resulting in $16.46M of net selling activity.

3 Months

Bought

0

0.00

Sold

459

41.31K

Net Activity

-41K

-$41K

3-6 Months

Bought

2.0K

197.26K

Sold

0

0.00

Net Activity

+197K

+$197K

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

114.9K

16.62M

Net Activity

-16.6M

-$16.62M

Top Buyers

1
DJ

Doody Joseph

Director

1.0K sharesโ€ข1 transactions

$99K

2
BT

Bonadio Tom

Director

1.0K sharesโ€ข1 transactions

$98K

Top Sellers

1
MM

Mucci Martin

Director, Other: Chairman

97.5K sharesโ€ข1 transactions

$14.16M

2
GJB

Gibson John B

Officer: President And Ceo

12.4K sharesโ€ข1 transactions

$1.76M

3
SRL

Schrader Robert L.

Officer: Sr. Vp, Cfo

3.2K sharesโ€ข1 transactions

$444K

4
SCC

Simmons Christopher C

Officer: Vp, Controller & Treasurer

1.8K sharesโ€ข1 transactions

$260K

5
RE

Roaldsen Elizabeth

Officer: Sr. Vice President

459 sharesโ€ข1 transactions

$41K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $16.46M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.01:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Recent Trend (3 Months)

$41K

Heavy recent selling activity. Recent insider sales notably exceed purchasesโ€”may warrant investigation into company developments.

Insider Participation

High Selling

5 insider sellers vs. 2 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.