Paychex (PAYX): New Buy Recommendation for This Technology Giant
Paychex (PAYX): New Buy Recommendation for This Technology Giant
Publish Date: 2026-06-26 08:01:00
Source Domain: www.theglobeandmail.com
In a report released today, Bryan Keane from Citi reiterated a Buy rating on Paychex, with a price target of $140.00.
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According to TipRanks, Keane is a 4-star analyst with an average return of 5.6% and a 55.76% success rate. Keane covers the Technology sector, focusing on stocks such as Cognizant, Genpact, and Paychex.
Paychex has an analyst consensus of Hold, with a price target consensus of $106.27.
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Based on Paychex’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $1.81 billion and a net profit of $560.3 million. In comparison, last year the company earned a revenue of $1.51 billion and had a net profit of $519.3 million
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PAYX in relation to earlier this year. Last month, Elizabeth Roaldsen, the SVP of PAYX sold 459.00 shares for a total of $41,310.00.
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