Paychex, Inc. (NASDAQ:PAYX) reported upbeat fiscal third-quarter results on Wednesday.

Its total revenue surged 20% year-over-year to $1.81 billion. The Street expected a quarterly revenue of $1.79 billion. Adjusted diluted earnings per share were $1.71, up from 1.49 a year ago, which topped the analyst consensus estimate of $1.67.

John Gibson, president and CEO of Paychex, said the company delivered strong double-digit revenue and operating income growth while accelerating organic growth through effective execution and progress on strategic priorities. He noted that clients are increasingly turning to Paychex’s advisory and benefits solutions to navigate complex regulatory and workforce challenges, highlighting the value of its technology and expertise.

Paychex reiterated its fiscal 2026 adjusted EPS growth outlook of 10%-11%, with guidance ranging from $5.48 to $5.53 per share.

Paychex shares rose 0.4% to trade at $93.71 on Thursday.

These analysts made changes to their price targets on Paychex following earnings announcement.

  • Baird analyst Mark Marcon maintained Paychex with a Neutral and lowered the price target from $148 to $125.
  • TD Cowen analyst Bryan C. Bergin maintained the stock with a Hold and lowered the price target from $114 to $95.
  • Wells Fargo analyst Jason Kupferberg maintained Paychex with an Underweight rating and lowered the price target from $116 to $95.
  • Citigroup analyst Bryan Keane maintained the stock with a Neutral and lowered the price target from $120 to $99.

Considering buying PAYX stock? Here’s what analysts think:

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