16-06-2025
TD Cowen Remains a Hold on Paychex (PAYX)
In a report released today, Bryan Bergin from TD Cowen maintained a Hold rating on Paychex (PAYX – Research Report), with a price target of $153.00. The company's shares closed last Friday at $153.22.
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Bergin covers the Technology sector, focusing on stocks such as Accenture, Cognizant, and Exlservice Holdings. According to TipRanks, Bergin has an average return of 2.5% and a 49.28% success rate on recommended stocks.
Currently, the analyst consensus on Paychex is a Hold with an average price target of $169.14, which is a 10.39% upside from current levels. In a report released on June 10, Morgan Stanley also maintained a Hold rating on the stock with a $150.00 price target.
PAYX market cap is currently $55.19B and has a P/E ratio of 31.86.
Based on the recent corporate insider activity of 76 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. Most recently, in April 2025, Michael Gioja, the SVP of PAYX sold 31,653.00 shares for a total of $4,893,136.23.
