Paychex upgraded by Cowen & Co. with a new price target
$PAYX
Diversified Commercial Services
Consumer Discretionary
Cowen & Co. upgraded Paychex from Market Perform to Outperform and set a new price target of $145.00 from $130.00 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 |
Company receives "champion" recognition for three consecutive appearances since 2023 Paychex, Inc., a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, has been recognized on Fortune® magazine's list of America's Most Innovative Companies for the third consecutive year. Paychex was honored for its commitment to industry-leading HR solutions while fostering a culture of innovation. The list presented by Fortune and Statista, Inc. features 300 top-scoring, U.S.-based organizations of which five, including Paychex, have received a champion designation for consecutively ranking on the list since
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)
Study reveals AI adoption is strong, but success hinges on data quality and trust According to a new study from Paychex, Inc., an industry-leading human capital management (HCM) company delivering a full suite of technology and advisory solutions in human resources, employee benefit solutions, insurance, and payroll, small businesses across the U.S. are embracing artificial intelligence (AI) as a powerful tool to enhance efficiency, revenue, and workforce development. While concerns about data accuracy, security, and privacy persist, survey responses from 500+ business owners and 500+ HR leaders found that the business impact of AI is undeniable – 72% of small businesses have a positive ou
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
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
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)
Paychex, Inc. (NASDAQ:PAYX) will release financial results for its fiscal 2025 third quarter ended February 28, 2025 via Business Wire before the financial markets open on Wednesday, March 26, 2025. The company will host a conference call at 9:30 a.m. ET on Wednesday, March 26, 2025, to review the results for the quarter. Participating in this call will be John Gibson, president and CEO, and Bob Schrader, senior vice president and CFO. The conference call will be available online as a live broadcast on the Paychex Investor Relations portal. Listeners should access the site before the live call to ensure proper configuration. After the live call, an on-demand webcast will be archived and a
The Board of Directors of Paychex, Inc. declared a regular quarterly cash dividend on Paychex common stock of $0.98 per share payable on February 27, 2025 to shareholders of record as of February 7, 2025. About Paychex Paychex, Inc. (NASDAQ:PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves over 745,000 customers in the U.S. and Europe and pays one out of every 12 American private sector employees. The more than 16,000 people at Paychex are committed to helping businesses succeed and building thriving communities where they work and live. To learn mo
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