What Are Wall Street Analysts' Target Price for Paychex Stock?

With a market cap of $34.8 billion, Paychex, Inc. (PAYX) is a leading provider of human capital management (HCM) solutions, offering payroll, HR, employee benefits, and insurance services to small and medium-sized businesses across the United States, Europe, and India. It delivers end-to-end workforce solutions ranging from recruiting and payroll processing to retirement planning, compliance, and risk management.

Shares of the Rochester, New York-based company have lagged behind the broader market over the past 52 weeks. PAYX stock has decreased 37.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 27.9%. Moreover, shares of the company are down 13.5% on a YTD basis, compared to SPX’s 9.2% rise.