Paychex, Inc. (NASDAQ:PAYX) will release its first-quarter earnings report before the opening bell on Wednesday, Sept. 23.

Analysts expect the Rochester, New York-based company to report quarterly earnings of $1.32 per share, up from $1.22 per share in the year-ago period. The consensus estimate for PAYX’s quarterly revenue is $1.63 billion. It reported $1.54 billion last year, according to Benzinga Pro.

On June 24, Paychex reported better-than-expected fourth-quarter earnings.

Paychex shares slipped 0.2% to close at $118.30 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Stifel analyst David Grossman maintained a Hold rating and raised the price target from $110 to $130 on Sept. 9, 2026. This analyst has an accuracy rate of 61%.
  • Wells Fargo analyst Jason Kupferberg maintained an Underweight rating and raised the price target from $95 to $111 on Sept. 9, 2026. This analyst has an accuracy rate of 54%.
  • Citigroup analyst Bryan Keane maintained a Buy rating and increased the price target from $140 to $150 on July 30, 2026. This analyst has an accuracy rate of 71%.
  • UBS analyst Kevin Mcveigh maintained a Neutral rating and increased the price target from $105 to $115 on July 22, 2026. This analyst has an accuracy rate of 52%.
  • Morgan Stanley analyst James Faucette maintained an Equal-Weight rating and raised the price target from $107 to $109 on June 30, 2026. This analyst has an accuracy rate of 65%.

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

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