PaychexPAYX
About: Paychex is a technology company providing human capital management solutions, enabling clients to better implement payroll, talent, time, tax, and benefits administration. It has a diverse set of product offerings addressing client needs. Aside from its traditional cloud-based payroll and HCM software offering, which accounts for close to half of total revenue, the company provides outsourcing options. Paychex's administrative service organization and professional employer organization accounts generate over 40% of sales. The balance of revenue is generated through retirement services, insurance solutions, and other products. In fiscal 2025, the company had 800,000 clients and almost 2.5 million worksite employees across its ASO and PEO.
Employees: 19,000
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
12% more call options, than puts
Call options by funds: $248M | Put options by funds: $222M
0.76% less ownership
Funds ownership: 77.61% [Q1] → 76.85% (-0.76%) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 587 | Existing positions reduced: 603
7% less first-time investments, than exits
New positions opened: 108 | Existing positions closed: 116
3% less funds holding
Funds holding: 1,679 [Q1] → 1,630 (-49) [Q2]
7% less capital invested
Capital invested by funds: $43.1B [Q1] → $40.3B (-$2.86B) [Q2]
32% less funds holding in top 10
Funds holding in top 10: 31 [Q1] → 21 (-10) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Citigroup Peter Christiansen | 7%upside $148 | Neutral Maintained | 21 Aug 2025 |
JP Morgan Tien-Tsin Huang | 11%upside $153 | Underweight Maintained | 14 Aug 2025 |
BMO Capital Daniel Jester | 16%upside $160 | Market Perform Initiated | 10 Jul 2025 |
Morgan Stanley James Faucette | 7%upside $148 | Equal-Weight Maintained | 27 Jun 2025 |
Stifel David Grossman | 10%upside $152 | Hold Maintained | 26 Jun 2025 |
Financial journalist opinion
Based on 5 articles about PAYX published over the past 30 days









