Paychex, Inc. ( PAYX ) will release earnings for its third quarter before the opening bell on Wednesday, March 25.

Analysts expect the Rochester, New York-based company to report quarterly earnings of $1.67 per share. That's up from $1.49 per share in the year-ago period. The consensus estimate for Paychex's ( PAYX ) quarterly revenue is $1.78 billion (it reported $1.51 billion last year), according to Benzinga Pro.

On Jan. 16, Paychex ( PAYX ) announced a $1 billion stock repurchase authorization and declared a quarterly dividend.

Shares of Paychex ( PAYX ) fell 3.1% to close at $90.61 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.

RBC Capital analyst Ashish Sabadra maintained a Sector Perform rating and cut the price target from $125 to $102 on March 19, 2026. This analyst has an accuracy rate of 73%.

BMO Capital analyst Daniel Jester maintained a Market Perform rating and lowered the price target from $121 to $103 on March 13, 2026. This analyst has an accuracy rate of 50%.

Cantor Fitzgerald analyst Ramsey El-Assal initiated coverage on the stock with an Underweight rating and a price target of $98 on Jan. 27, 2026. This analyst has an accuracy rate of 59%.

Citigroup analyst Bryan Keane maintained a Neutral rating and cut the price target from $139 to $120 on Dec. 22, 2025. This analyst has an accuracy rate of 67%.

JP Morgan analyst Tien-Tsin Huang maintained an Underweight and slashed the price target from $140 to $125 on Dec. 22, 2025. This analyst has an accuracy rate of 61%

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