Paychex (PAYX): The Segment Mix Shift Caught the Street Off Guard, But Guidance Did Not Move

Paychex, Inc. (NASDAQ:PAYX) fiscal 2027 first-quarter revenue rose 6% to $1.6 billion, and adjusted EPS grew 10% to $1.34, both ahead of expectations. Yet, the stock sold off sharply enough that JPMorgan upgraded the shares to Neutral from Underweight and raised its price target to $115 from $105, calling the reaction overdone given another quarter […]