Paychex downgraded by TD Cowen with a new price target
$PAYX
Diversified Commercial Services
Consumer Discretionary
TD Cowen downgraded Paychex from Outperform to Market Perform and set a new price target of $123.00 from $132.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/22/2023 | $132.00 → $123.00 | Outperform → Market Perform | TD Cowen |
| 12/14/2023 | $107.00 → $126.00 | Underweight → Equal Weight | Barclays |
| 11/7/2023 | $120.00 | Neutral | UBS |
| 9/5/2023 | $130.00 | Sector Perform | RBC Capital Mkts |
| 6/2/2023 | $115.00 | Neutral | UBS |
| 4/3/2023 | $119.00 → $105.00 | Neutral → Underperform | BofA Securities |
| 1/17/2023 | $110.00 | Equal Weight → Underweight | Barclays |
| 3/9/2022 | $125.00 | Underperform → Neutral | BofA Securities |
8-K - PAYCHEX INC (0000723531) (Filer)
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8-K - PAYCHEX INC (0000723531) (Filer)
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SC 13G - PAYCHEX INC (0000723531) (Subject)
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Robert L. Schrader, Paychex Vice President of Finance and Investor Relations, to succeed Rivera as CFO effective October 13th Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, announced today that Efrain Rivera, senior vice president and chief financial officer will retire as CFO, effective October 12th, 2023. Rivera will remain as a senior advisor for the remainder of 2023. Robert L. Schrader, currently vice president of Finance and Investor Relations, will be named senior vice president and CFO, effective October 13, 2023. "On behalf of the board of directors, the management team,
Experienced business leader Theresa M. Payton appointed to Paychex Board of Directors ROCHESTER, N.Y., Jan. 24, 2023 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the company's Board of Directors has voted to expand to 12 members from 11 members. The Board has also appointed Theresa M. Payton to fill the new position. Ms. Payton is the founder and CEO of Fortalice Solutions, a firm advising Fortune 150 Boards, C-Suite, and regulators on secured technology innovation and transformation efforts regarding customer delivery and privacy.
ROCHESTER, N.Y., Oct. 14, 2022 /PRNewswire/ -- Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that the company's board of directors has voted to expand from 10 to 11 members. The board has appointed Paychex president and CEO John B. Gibson, Jr. to fill the new position. Gibson is the fourth president and CEO in the 50-year history of Paychex. In addition to his appointment to the board of directors, Gibson will serve on the executive committee of the b
The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, an increase of $0.10 (or 10%) from the prior quarterly dividend of $0.98 per share, payable on May 29, 2025 to shareholders of record as of May 12, 2025. "The increase to our dividend reflects the strength of our financial performance and free cash flow generation as well as the continued confidence in the future of our business," said John Gibson, Paychex president and CEO. "We are committed to delivering long-term value to our shareholders while continuing to invest in the business to support our long-term growth." For the fiscal year ending on May 31, 2025, Pay
Deal strengthens Paychex's upmarket position, unlocks new revenue channels, and expands strategic footprint and capabilities Paychex, Inc. (NASDAQ:PAYX) ("Paychex"), an industry-leading human capital management (HCM) company, today announced the successful completion of its acquisition of Paycor HCM, Inc. (NASDAQ:PYCR) ("Paycor"), a leading provider of HCM, payroll and talent software. "The Paycor acquisition unites two industry leaders with unrivaled AI-enabled technology supported by world-class service and advisory capabilities," said John Gibson, Paychex president and CEO. "Together, we are reimagining how companies address the needs of today's workforce with the most comprehensive, f
Sustained Growth in Revenue and Earnings Entered into a Definitive Agreement to Acquire Paycor HCM, Inc. ("Paycor") with Expected Close in April 2025 Returned $1.2 Billion to Stockholders in the First Nine Months of Fiscal 2025 Paychex, Inc. (the "Company," "Paychex," "we," "our," or "us") today reported results for the fiscal quarter ended February 28, 2025 (the "third quarter"). Results compared with the same period last year were as follows: For the three months ended For the nine months ended In millions, except per share amounts February 28, 2025 February 29, 2024 Change(2) February 28, 2025 February 29, 2024 Change(2)
The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $1.08 per share, an increase of $0.10 (or 10%) from the prior quarterly dividend of $0.98 per share, payable on May 29, 2025 to shareholders of record as of May 12, 2025. "The increase to our dividend reflects the strength of our financial performance and free cash flow generation as well as the continued confidence in the future of our business," said John Gibson, Paychex president and CEO. "We are committed to delivering long-term value to our shareholders while continuing to invest in the business to support our long-term growth." For the fiscal year ending on May 31, 2025, Pay
Hourly earnings growth for small business workers slows to lowest level since May 2021 According to the Paychex Small Business Employment Watch, job growth in U.S. small businesses with fewer than 50 employees ticked up slightly in April, gaining 0.27 percentage points to an index level of 100.02. The Small Business Jobs Index, a primary component of the Employment Watch report, has averaged 99.99 over the past 12 months, indicating little change in small business labor market over the last year. Hourly earnings growth for U.S. small business workers, meanwhile, slowed to its lowest level since May 2021 at 2.82%. This press release features multimedia. View the full release here: https://w
NEW YORK, April 15, 2025 /PRNewswire/ -- As U.S. businesses face growing challenges sourcing skilled talent locally, Paychex, a leading provider of HR and payroll services, and Multiplier, a global employment platform, today announced a strategic partnership to help U.S. businesses scale globally with confidence. As part of the collaboration, Multiplier is now a Premium Partner in the Paychex Marketplace — helping Paychex customers find a trusted solution for compliant global hiring. Talent shortages across industries are making global hiring a strategic priority for U.S. busi
TD Cowen downgraded Paychex from Outperform to Market Perform and set a new price target of $123.00 from $132.00 previously
Barclays upgraded Paychex from Underweight to Equal Weight and set a new price target of $126.00 from $107.00 previously
UBS initiated coverage of Paychex with a rating of Neutral and set a new price target of $120.00