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Argus analyst David Coleman raised the price target on Paychex (NASDAQ: PAYX) to $118.00 (from $105.00) while maintaining a Buy rating.
The analyst comments "Paychex is a provider of payroll, human resource, retirement, and insurance services to small and medium-size firms. The company has consistently... More
Cowen analyst Bryan Bergin raised the price target on Paychex (NASDAQ: PAYX) to $106.00 (from $96.00) while maintaining a Market Perform rating following solid fourth-quarter results, although valuation keeps them sidlined.
The analyst commented, "PAYX maintained strong execution in 4Q, while relaying a healthy... More
Paychex (NASDAQ: PAYX) reported Q4 EPS of $0.72, $0.05 better than the analyst estimate of $0.67. Revenue for the quarter came in at $1.03 billion versus the consensus estimate of $980.48 million.
Business Outlook:
Our outlook for the fiscal year ending May 31, 2022 (fiscal 2022) incorporates current assumptions and... More

