Meanwhile, Stifel has adjusted its fiscal 2026 revenue estimate for Paychex, lowering it to $6.47 billion with a 3.5% organic growth rate, down from $6.54 billion and 4.8% growth. Stifel also reduced its earnings per share forecast from $5.44 to $5.38, citing a more conservative growth outlook. TD Cowen has also lowered its price target on Paychex to $140, maintaining a Hold rating and noting limited upside catalysts in the near term. BMO Capital initiated coverage on Paychex with a Market Perform rating and a $160 price target, highlighting the recent Paycor acquisition as a significant strategic move. Additionally, Paychex announced a regular quarterly cash dividend of $1.08 per share, payable on August 29, 2025. These developments reflect the company's ongoing strategic adjustments and financial expectations as it heads into the new fiscal year. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.