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 2024, the company had 745,000 clients and over 2.3 million worksite employees across its ASO and PEO.
Employees: 16,500
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
140% more first-time investments, than exits
New positions opened: 161 | Existing positions closed: 67
30% more funds holding in top 10
Funds holding in top 10: 23 [Q4 2024] → 30 (+7) [Q1 2025]
23% more call options, than puts
Call options by funds: $309M | Put options by funds: $251M
7% more capital invested
Capital invested by funds: $40.3B [Q4 2024] → $43B (+$2.74B) [Q1 2025]
3% more funds holding
Funds holding: 1,605 [Q4 2024] → 1,660 (+55) [Q1 2025]
0.11% less ownership
Funds ownership: 77.62% [Q4 2024] → 77.51% (-0.11%) [Q1 2025]
9% less repeat investments, than reductions
Existing positions increased: 569 | Existing positions reduced: 624
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
RBC Capital Ashish Sabadra | 8%upside $165 | Sector Perform Maintained | 3 Jun 2025 |
Barclays Ramsey El-Assal | 1%upside $155 | Equal-Weight Maintained | 31 Mar 2025 |
Morgan Stanley James Faucette | 7%downside $142 | Equal-Weight Maintained | 27 Mar 2025 |
Citigroup Peter Christiansen | 3%upside $158 | Neutral Maintained | 27 Mar 2025 |
Stifel Bryan Bergin | 2%upside $156 | Hold Maintained | 27 Mar 2025 |
Financial journalist opinion
Based on 10 articles about PAYX published over the past 30 days









