Paychex recognized as a top HCM provider in TIME's 2026 WorkTech list, highlighting its innovation and impact in HR technology.
Quiver AI Summary
Paychex, Inc. has been named one of America’s Top WorkTech Companies for 2026 by TIME and Statista, recognizing its leadership in the human capital management (HCM) sector. The list highlights impactful and financially strong companies that are shaping the workplace. Paychex’s Chief Product Officer, Ryan Bergstrom, acknowledged the honor and emphasized the company’s commitment to delivering innovative solutions that enhance operational efficiency. With a focus on AI-powered tools like WISE, Paychex is transforming workforce management to be more intuitive and efficient, supporting clients in automating routine tasks and gaining actionable insights. The recognition is a testament to Paychex's ongoing dedication to innovation within HR technology, placing them among the top 20% in their industry category.
Potential Positives
- Paychex has been named a leading HCM provider on TIME’s inaugural America’s Top WorkTech Companies 2026 List, highlighting its significant impact and financial strength in the industry.
- This recognition underscores Paychex's commitment to innovation and establishing itself as a leader in reshaping workforce management through AI-powered solutions.
- Placement in the top 20% of the HR Core, Payroll & Benefits category indicates Paychex's effectiveness in creating impactful solutions and its capability to support long-term organizational success.
Potential Negatives
- Despite the recognition as a leading HCM provider, the press release does not address any potential challenges or criticisms the company may face in the competitive WorkTech market, which could leave stakeholders questioning the company's resilience.
- The reliance on AI technology in business operations, while touted as an innovation, raises concerns about job displacement and the effectiveness of AI in meeting diverse client needs, which are not discussed in the release.
- The press release emphasizes a commitment to innovation but does not provide specific metrics or recent financial performance data to support claims of financial strength and impact, leaving investors without a clear picture of the company's current standing.
FAQ
What recognition did Paychex receive in 2026?
Paychex was named a leading HCM provider in TIME's inaugural America’s Top WorkTech Companies 2026 List.
How does Paychex utilize AI in its offerings?
Paychex leverages AI to enhance efficiency, providing intelligent solutions that automate tasks and improve workforce management.
What industries does Paychex cater to?
Paychex offers human capital management solutions for organizations of all sizes, impacting various industries across the U.S. and Europe.
What was the methodology behind the ranking?
Statista analyzed approximately 5,000 U.S. companies based on financial strength and industry impact to derive the top rankings.
How long has Paychex been in business?
Paychex has been a trusted partner to businesses for over five decades, focusing on innovative HCM solutions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PAYX Insider Trading Activity
$PAYX insiders have traded $PAYX stock on the open market 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $PAYX stock by insiders over the last 6 months:
- JOSEPH DOODY purchased 1,000 shares for an estimated $98,760
- TOM BONADIO purchased 1,000 shares for an estimated $98,498
- ELIZABETH ROALDSEN (Sr. Vice President) sold 459 shares for an estimated $41,310
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PAYX Revenue
$PAYX had revenues of $1.8B in Q3 2026. This is an increase of 19.87% from the same period in the prior year.
You can track PAYX financials on Quiver Quantitative's PAYX stock page.
You can access data on PAYX stock through the Quiver Quantitative API.
$PAYX Congressional Stock Trading
Members of Congress have traded $PAYX stock 8 times in the past 6 months. Of those trades, 1 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $PAYX stock by members of Congress over the last 6 months:
- REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 4 times. They made 0 purchases and 4 sales worth up to $60,000 on 04/21, 04/16, 02/24, 02/23.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 04/14.
- REPRESENTATIVE RICK LARSEN sold up to $15,000 on 04/07.
- SENATOR SHELLEY MOORE CAPITO sold up to $15,000 on 02/20.
- REPRESENTATIVE RICK W. ALLEN sold up to $50,000 on 01/14.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$PAYX Hedge Fund Activity
We have seen 726 institutional investors add shares of $PAYX stock to their portfolio, and 901 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC added 4,583,157 shares (+12.1%) to their portfolio in Q4 2025, for an estimated $514,138,552
- FEDERATED HERMES, INC. added 3,476,347 shares (+144.3%) to their portfolio in Q1 2026, for an estimated $320,241,085
- WELLS FARGO & COMPANY/MN removed 2,250,689 shares (-34.7%) from their portfolio in Q1 2026, for an estimated $207,333,470
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 2,174,920 shares (-18.8%) from their portfolio in Q1 2026, for an estimated $200,353,630
- SELECT EQUITY GROUP, L.P. removed 2,046,164 shares (-35.8%) from their portfolio in Q1 2026, for an estimated $188,492,627
- BAHL & GAYNOR INC removed 1,205,622 shares (-71.2%) from their portfolio in Q1 2026, for an estimated $111,061,898
- BANK OF AMERICA CORP /DE/ removed 1,027,336 shares (-19.2%) from their portfolio in Q1 2026, for an estimated $94,638,192
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$PAYX Analyst Ratings
Wall Street analysts have issued reports on $PAYX in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Underweight" rating on 12/22/2025
To track analyst ratings and price targets for $PAYX, check out Quiver Quantitative's $PAYX forecast page.
$PAYX Price Targets
Multiple analysts have issued price targets for $PAYX recently. We have seen 11 analysts offer price targets for $PAYX in the last 6 months, with a median target of $99.0.
Here are some recent targets:
- Bryan Bergin from TD Cowen set a target price of $98.0 on 06/08/2026
- Kevin Mcveigh from UBS set a target price of $94.0 on 04/13/2026
- Mark Marcon from Baird set a target price of $125.0 on 03/26/2026
- Tien-Tsin Huang from JP Morgan set a target price of $100.0 on 03/26/2026
- Bryan Keane from Citigroup set a target price of $99.0 on 03/26/2026
- Jason Kupferberg from Wells Fargo set a target price of $95.0 on 03/26/2026
- Ashish Sabadra from RBC Capital set a target price of $102.0 on 03/19/2026
Full Release
- Paychex named a leading HCM provider to TIME’s America’s Top WorkTech Companies 2026 List
- List identifies the most impactful and financially strong companies that have established themselves as leaders in shaping how people and organizations work
ROCHESTER, N.Y., June 15, 2026 (GLOBE NEWSWIRE) -- Paychex, Inc. (Nasdaq: PAYX), an industry-leading human capital management (HCM) company, today announced that the company has been named to the inaugural list of America’s Top WorkTech Companies presented by TIME and Statista. This list identifies the most impactful and financially strong companies that have established themselves as leaders in shaping how people and organizations work.
“It’s an honor for Paychex to be recognized among America’s Top WorkTech Companies for the expert-enabled solutions we are bringing to market to transform business operations,” said Ryan Bergstrom , Chief Product Officer at Paychex. “With innovation as a core company value, we are committed to delivering solutions that enable clients to work faster, smarter, and more efficiently. As a trusted partner to businesses for over five decades, we’ve built one of the HCM industry’s largest proprietary datasets, which combined with all our workforce knowledge and expertise, enables us to deliver intelligence that proactively unlocks opportunities for efficiency and automation.”
Driving Innovation for Today’s Digital Workforce
Paychex is redefining HCM from a user-directed experience to an AI-powered one , where intelligence and expertise are infused across the HCM lifecycle. This shift transforms AI from a tool into a trusted teammate that anticipates client needs, making workforce management smarter, more intuitive, and in sync with business needs. Paychex recently unveiled AI-powered innovations in Paychex Flex ® , Paycor ® , and SurePayroll, embodying the company’s commitment to democratize access to enterprise-grade innovation.
WISE (Workforce Intelligence Strengthen by Expertise), the company’s AI-powered intelligence solution, is transforming business operations with embedded context-aware intelligence, expert-enabled guidance, and autonomous execution. WISE strategically underpins Paychex’s approach to powering people and performance through agents, intelligence, assistants, and advisory solutions that meet users where they are while automating routine tasks, delivering personalized experiences, and uncovering actionable insights at scale.
Unlocking Insights to Drive Organizational Efficiency
Paychex’s commitment to leveraging AI to enhance efficiency and effectiveness is also evident in the broad adoption of AI-powered capabilities internally across the enterprise. Paychex deploys AI solutions organization-wide with the goal of not only improving internal efficiencies but also having a positive impact on customers. For example, AI enables developers to focus more on user experience than on writing code, sales representatives can access the insights needed to close deals more efficiently, and service professionals can devote more time to high-value client interactions by reducing transactional work. Collectively, these efforts help position Paychex to deliver a consistently high-quality customer experience.
Methodology
In support of the research, Statista gathered and analyzed data from approximately 5,000 U.S. companies. The ranking is built on two pillars: financial strength and industry impact. Each company received a score in both dimensions, and these scores were combined into an overall score. The 250 companies with the highest scores were included in the ranking.
“Being named among America’s Top WorkTech Companies 2026 by TIME and Statista is a strong reflection of Paychex’s continued commitment to innovation and reliability in the HR technology space,” said Niels Terfehr, Vice President at Statista. “Placing in the top 20% within the HR Core, Payroll & Benefits (HRIS/HCM) category highlights the company’s ability to create impactful solutions. In a rapidly evolving market, the balance of financial strengths and industry impact is what enables organizations to confidently support their workforce and drive long-term success.”
To learn more about WISE and AI at Paychex, visit paychex.com/ai . More information about the company’s corporate awards and honors is available on the Paychex website .
About Paychex
Paychex, Inc. (Nasdaq: PAYX) is the digitally driven HR leader that is reimagining how companies address the needs of today’s workforce with the most comprehensive, flexible, and innovative HCM solutions for organizations of all sizes. Offering a full spectrum of HR advisory and employee solutions, Paychex pays 1 out of every 11 American private sector workers and is raising the bar in HCM for approximately 800,000 customers in the U.S. and Europe. Every member of the Paychex team is committed to fulfilling the company’s purpose of helping businesses succeed. Visit
paychex.com
to learn more.
Media Contact
Chelsea Wernick
Public Relations Program Manager
Paychex, Inc.
(585) 216-2974
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33e0e8ef-b627-4279-99bb-39768b03f42b
