Paychex Trading Volume Drops 33.82% to $256 Million, Ranks 393rd in Daily Volume

On June 16, 2025, Paychex (PAYX) saw a trading volume of $256 million, marking a 33.82% decrease from the previous day. The stock closed with a 0.30% increase, placing it at the 393rd position in terms of trading volume for the day.

Morgan Stanley has maintained its 'Equal Weight' rating on Paychex, setting a price target of $150. This decision comes in response to Paychex's acquisition of PayCor for $4.1 billion, aimed at enhancing its AI-enabled technology and service capabilities. The acquisition is expected to expand Paychex's total addressable market and broaden its service offerings, reaching new customer segments. The integration is also anticipated to bolster Paychex's market position by leveraging PayCor's existing customer base and technology solutions. This strategic move is part of a broader plan to capture more market share and drive growth.

Despite the acquisition's potential to decrease forecasted diluted earnings per share by 5% and 3% for fiscal 2026 and 2027, Morgan Stanley remains confident in the sustained strength of the demand and employment landscape. The firm attributes the $150 price target to a higher earnings multiple of 27 times, up from 25 times. Paychex provides integrated human capital management solutions, including payroll, benefits, human resources, and insurance services for small to medium-sized businesses. The company offers payroll processing, tax administration, employee payment, and regulatory compliance services.