• RBC Capital sets a price target of $165 for NASDAQ:PAYX, indicating a potential increase of approximately 9.55%.
• Fourth-quarter earnings are anticipated to show earnings of $1.19 per share and revenue of $1.42 billion.
• Founder Thomas Golisano to step down from the board, potentially impacting the company's strategic direction.

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, and benefits outsourcing services for small to medium-sized businesses. The company is known for its comprehensive suite of services that help businesses manage their workforce efficiently. Paychex competes with other major players in the industry, such as ADP and Intuit, offering similar services to streamline business operations.

On June 24, 2025, Ashish Sabadra from RBC Capital set a price target of $165 for NASDAQ:PAYX. At that time, the stock was priced at $150.62, suggesting a potential increase of approximately 9.55%. This optimistic outlook comes just before Paychex is set to release its fourth-quarter earnings results, which are anticipated to show earnings of $1.19 per share and revenue of $1.42 billion.

Ahead of the earnings announcement, Paychex shares saw a 1.4% increase, closing at $151.25. However, the current stock price of $150.85 reflects a slight decrease of 0.4, or approximately -0.26%. The stock has traded between $150.21 and $152.17 today, with a market capitalization of about $54.3 billion. The trading volume for NASDAQ:PAYX is 1,244,609 shares on the NASDAQ exchange.

In a notable development, Paychex founder Thomas Golisano will step down from the board of directors following the board's meeting in July 2025. This change in leadership could impact the company's strategic direction, but the market's focus remains on the upcoming earnings report and the potential for stock price growth as highlighted by RBC Capital's price target.