Analyst Ratings for [PAYX] Paychex, Inc.

12/22/23	Downgrades	Outperform Mkt Perform	X
PAYX Paychex TD Cowen
$132 $123
12/14/23	Upgrades	Underweight Eq Weight	X
PAYX Paychex Barclays
$107 $126
11/7/23	Initiated	Neutral	X
PAYX Paychex UBS
$120
9/5/23	Initiated	Sector Perform	X
PAYX Paychex RBC Capital Mkts
$130
6/2/23	Initiated	Neutral	X
PAYX Paychex UBS
$115
4/3/23	Downgrades	Neutral Underperform	X
PAYX Paychex BofA Securities
$119 $105
1/17/23	Downgrades	Eq Weight Underweight	X
PAYX Paychex Barclays
$110
3/9/22	Upgrades	Underperform Neutral	X
PAYX Paychex BofA Securities
$125
1/11/22	Upgrades	Mkt Perform Outperform	X
PAYX Paychex Cowen
$130 $145
10/6/21	Downgrades	Buy Neutral	X
PAYX Paychex Citigroup
$125
10/5/21	Downgrades	Buy Neutral	X
PAYX Paychex Citigroup
$121 $125
4/7/21	Downgrades	Peer Perform Underperform	X
PAYX Paychex Wolfe Research
$94
8/15/19	Downgrades	Eq-Weight Underweight	X
PAYX Paychex Morgan Stanley
$77 $74
4/30/19	Downgrades	Mkt Perform Underperform	X
PAYX Paychex Bernstein
1/8/19	Upgrades	Underperform Neutral	X
PAYX Paychex BofA/Merrill
10/4/18	Initiated	Neutral	X
PAYX Paychex MoffettNathanson
$79
10/2/18	Upgrades	Neutral Outperform	X
PAYX Paychex Credit Suisse
8/14/18	Downgrades	Neutral Underweight	X
PAYX Paychex JP Morgan
4/17/18	Downgrades	Neutral Underperform	X
PAYX Paychex BofA/Merrill
4/2/18	Upgrades	Underperform Sec Perform	X
PAYX Paychex RBC Capital Mkts
$63
3/27/18	Reiterated	Hold	X
PAYX Paychex Stifel
$68 $66

PAYX Paychex, Inc.

Quotes: Barrons • SeekingAlpha • NASDAQ • Bloomberg • WSJ

Paychex, Inc. is a provider of integrated human capital management (HCM) solutions for payroll, human resource (HR), retirement and insurance services for small- to medium-sized businesses in the United States. The Company also has operations in Germany. The Company offers services, including Payroll processing, Human Resource Services, and Accounting and Financial Services. As of May 31, 2016, the Company serviced approximately 605,000 payroll clients. It offers a portfolio of HCM services and products that allows its clients to meet their payroll and HR needs. Its payroll-related ancillary services and human resource service (HRS) offerings often leverage the information gathered in the base payroll processing service, allowing it to provide outsourcing services covering the HCM spectrum. The Company, through its HCM software-as-a-service platform, Paychex Flex, provides an integrated product suite that covers the employee life cycle from recruiting and hiring to retirement.