JP Morgan Reiterates Sell Rating on Paychex, Inc. (PAYX)
JP Morgan maintains a sell rating on Paychex with a $105 price target, a 5.11% upside from the current price.
Key Points
- JP Morgan reiterated its sell rating on Paychex, Inc. (PAYX) with a $105 price target on June 25, 2026.
- JP Morgan's $105 price target implies 5.11% upside from Paychex, Inc.'s ($PAYX) current $99.90 share price.
- Paychex shares were trading around $96.3 on Thursday, with a market cap of $34.37 billion and a P/E ratio of 21.18.
- Major institutional investors like BlackRock and Vanguard have recently adjusted their positions in Paychex.
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On June 25, 2026, JP Morgan reiterated its sell rating on Paychex, Inc. (NasdaqGS: PAYX) with a price target of $105. Analyst Tien-Tsin Huang maintained this view as part of the firm's ongoing evaluation of the company's prospects.
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Paychex, Inc. Stock Down 21.4%
Shares of NasdaqGS:PAYX traded near $96.3 on Thursday. Paychex has a market cap of $34.37 billion and a P/E ratio of 21.18. The stock's 52-week range is between $85.45 and $152.57, with a 50-day moving average of $94.52 and a 200-day moving average of $106.73. The company's current ratio stands at 1.15, with a quick ratio of 0.30 and a debt-to-equity ratio of 124.91.
$PAYX price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Paychex reported revenue of $3.97 billion, showing a growth rate of 19.9%. The company's net margin was 26.63%, with an EPS of $4.53. Investors can look forward to the next earnings announcement on June 24, 2026.
Dividend
Paychex offers an annual dividend rate of $4.76, yielding 4.84%. The dividend payout ratio is 95.36%, indicating the company returns a significant portion of its earnings to shareholders.
Insider Buying and Selling at Paychex, Inc.
Recent insider activity at Paychex includes Thomas Golisano selling 109,300 shares at $91.27 on May 6, 2026, and 1,032 shares at $96.98 on June 1, 2026. Elizabeth Roaldsen, Sr. Vice President, sold 459 shares at $90.00 on May 13, 2026. On May 8, 2026, Joseph Velli bought 10,220 shares at $60.59.
Analysts Set New Price Targets
On June 25, 2026, JP Morgan maintained its sell rating with a $105 price target. Stifel also maintained a hold rating with a $110 target on June 17, 2026. Citigroup upgraded the stock to a buy with a $140 target on June 15, 2026. Overall, the consensus recommendation is to hold, with an average price target of $105.43 among 14 analyst opinions.
About Paychex, Inc.
Paychex, Inc. provides human capital management solutions, focusing on payroll, HR, and insurance services for small to medium-sized businesses. Headquartered in Rochester, New York, and led by CEO John B. Gibson Jr., the company serves clients across the United States, Europe, and India. Paychex offers a range of services including payroll processing, tax administration, and employee benefits management.
Bottom Line
JP Morgan's reiterated sell rating with a $105 target reflects its cautious stance on Paychex's stock prospects. While Paychex maintains strong revenue growth and a solid dividend yield, investors remain attentive to analyst ratings and institutional activities. As with all 13F filings and analyst reports, these assessments provide a snapshot of past evaluations and may not reflect current conditions.
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