Paychex Founder B. Thomas Golisano to Step Down

Paychex ( (PAYX) ) has provided an update.

On May 15, 2025, Paychex, Inc. announced that its founder, B. Thomas Golisano, will step down from the Board of Directors after the company’s July 2025 meeting. Golisano, who founded Paychex in 1971, has been instrumental in its growth into a technology-driven HR and payroll services company with a market capitalization exceeding $50 billion. His departure marks the end of an era for the company, which has seen significant advancements under his leadership. The announcement also highlighted Golisano’s philanthropic efforts, including nearly a half-billion dollars in awards to non-profit organizations. The company’s current Chairman, Martin Mucci, and other executives expressed gratitude for Golisano’s contributions, emphasizing his impact on the company’s success and community involvement.

The most recent analyst rating on (PAYX) stock is a Hold with a $130.00 price target. To see the full list of analyst forecasts on Paychex stock, see the PAYX Stock Forecast page.

Spark’s Take on PAYX Stock

According to Spark, TipRanks’ AI Analyst, PAYX is a Outperform.

Paychex earns a solid score of 80, driven by strong financial performance and a positive earnings call that highlighted strategic growth initiatives. Despite a high valuation caution, the company’s robust profitability and strategic acquisitions support a positive outlook. Technical indicators suggest moderate momentum, warranting some caution.

To see Spark’s full report on PAYX stock, click here.

More about Paychex

Paychex, Inc. is a leading human capital management (HCM) company that provides comprehensive HR advisory and employee solutions for organizations of all sizes. The company serves nearly 800,000 clients in the U.S. and Europe, paying 1 out of every 11 American private sector workers. Paychex is known for its innovative and flexible HCM solutions, aimed at helping businesses succeed.

Average Trading Volume: 2,259,124

Technical Sentiment Signal: Buy

Current Market Cap: $54.75B

For a thorough assessment of PAYX stock, go to TipRanks’ Stock Analysis page.