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RBC Capital keeps their Hold rating on Paychex (PAYX). Aug. 30, 2026, 07:47 PM In a report released on August 28, Ashish Sabadra from RBC Capital maintained a Hold rating on Paychex, with a price target of $130.00. The company's shares closed last Friday at $127.04. According to TipRanks, Sabadra is a 4-star analyst with an average return of 2.8% and a 57.58% success rate. Sabadra covers the Financial sector, focusing on stocks such as S&P Global, CME Group, and Moody's. Currently, the analyst consensus on Paychex is a Hold with an average price target of $113.82, a -10.41% downside from current levels. In a report released on August 17, UBS also assigned a Hold rating to the stock with a $125.00 price target. Based on Paychex's latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $1.61 billion and a net profit of $420.6 million. In comparison, last year the company earned a revenue of $1.43 billion and had a net profit of $297.2 million Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PAYX in relation to earlier this year. Last month, Robert L. Schrader, the Sr. VP, CFO of PAYX sold 2,600.00 shares for a total of $299,234.00. Read More on PAYX:

Electric Leverages AI to Transform IT and HR Management. The dawn of automated efficiency. Picture this: the mundane grind of IT and HR tasks fused into a sleek machine whirring away in the background, thanks to AI. Welcome to the world Electric is creating with its new platform launch, a move no one's taking lightly in the SMB sector. Why this matters for smbs. For small and midsize businesses, keeping up with IT needs isn't just a hassle; it can drain resources like a stalled oil rig. Electric's plan to merge IT with HR through a hefty AI-powered platform means less time spent on the never-ending cycle of employee onboarding, offboarding, and everything in between. And let's face it, less time equals more money saved on the bottom line - something any CFO loves to hear. Electric's network of power partnerships. But what really gives Electric an edge here is their newfound association with payroll giants like ADP and Paychex, among others. Investors Hangout, LLC is talking about heavyweights in the payroll sector backing this AI behemoth. They've essentially fast-tracked Electric's reach, embedding it directly into their existing frameworks. For Electric, it's a win-win: tapping into huge data streams while sidestepping massive scaling hurdles. AI and IT: The Marriage of Necessity. This isn't just another venture into tech fluff; it's a strategic shift that's been in the making since 2017. Electric learned well over two million IT interactions where pain points hurt most, and where automation could shine. From device lifecycle management to complete IT security, Electric's platform is designed for businesses with smaller IT teams. And when your growth path looks like the Deloitte's Technology Fast 500 list, you know there's serious substance behind the buzz. Streamlining the complex. Automation isn't a magic wand - it's hard work, calculated risk, and flawless execution. Electric promises all that through intuitive tech solutions like AI-powered helpdesks and role-based access controls. The payoff? Cutting the inefficiency slogs right out of a company's logistics - with a side of robust cybersecurity, because today, you can't afford to go without it. A global perspective. The beauty here is Electric's global readiness. By covering 130 countries with device procurement and provisioning, they've set the stage for a truly international reach. Making these tools accessible in multiple languages - English, Spanish, and French Canadian - has further widened their net. The investor's eye view. For those with a vested interest, this isn't just about a company expanding its balance sheet. It's about Electric staking its claim on how IT and HR will converge on a worldwide scale. With $200 million in the pot and big-names like Bessemer Venture Partners and Slack backing the firm, you better believe every move is calculated to tack into the wind of future profit. "We built this platform based on customer and partner conversations," notes Ryan Denehy, Electric's CEO. It's clear they're not flying blind - investors will like that. So what's next for Electric? More partners, more innovations, and the persistent quest to streamline the essentials every small enterprise lives by. If you're in the industry, mark your calendar - the future of IT and HR is getting a facelift.

Coming soon: A smarter expense experience from CompanyMileage. Last Updated: August 5, 2026 CompanyMileage is excited to announce a new set of SureExpense enhancements designed to make expense entry, company card reconciliation, and approval review easier for employees and administrators alike. The upcoming expense solution will include a refreshed expense workflow with improved receipt and supporting document handling, clearer review and approval screens. The updated workflow also offers enhanced visibility into company card activity. For organizations using company cards, we will be fully integrated with all major credit card providers via Plaid. The new workflow will support bank-connected transaction activity, helping users and approvers more easily connect company card expenses with the appropriate transaction records. This will help reduce manual reconciliation effort, improve accuracy, and provide a clearer audit trail throughout your organization's expense process. Planned enhancements include: * Fully integrated with all major credit card providers via Plaid * Better visibility into company card match status during review and approval * A cleaner mobile expense-entry experience * Improved receipt and supporting document upload options * Support for multiple receipts or supporting documents on an expense * Updated approval and review screens for administrators and supervisors * A more consistent experience across web and mobile These enhancements, along with our direct integrations with Paychex and ADP, are part of CompanyMileage's ongoing investment in making expense management more accurate, more efficient, and easier to administer. More details will be shared as we get closer to release, so stay tuned!