Paycom Software (NYSE:PAYC) Price Target Raised to $200.00 at Stifel Nicolaus

by · The Markets Daily

Paycom Software (NYSE:PAYC – Get Free Report) had its price objective boosted by equities research analysts at Stifel Nicolaus from $120.00 to $200.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the software maker’s stock. Stifel Nicolaus’ price target suggests a potential downside of 7.33% from the company’s previous close.

Other analysts also recently issued reports about the stock. Cantor Fitzgerald increased their price target on shares of Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday. Citigroup lifted their price objective on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. BMO Capital Markets raised their target price on Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research note on Thursday. TD Cowen reduced their price target on shares of Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Finally, Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $181.15.

Get Our Latest Stock Analysis on PAYC

Paycom Software Stock Performance

Shares of NYSE:PAYC traded up $41.02 during midday trading on Thursday, hitting $215.81. The company’s stock had a trading volume of 1,131,615 shares, compared to its average volume of 1,336,417. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.08 and a current ratio of 1.08. The stock’s 50 day simple moving average is $141.40 and its 200 day simple moving average is $133.66. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 24.73, a PEG ratio of 1.49 and a beta of 0.76. Paycom Software has a fifty-two week low of $104.90 and a fifty-two week high of $248.95.

Paycom Software (NYSE:PAYC – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.40. The business had revenue of $531.20 million during the quarter, compared to analysts’ expectations of $513.12 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 EPS. As a group, research analysts anticipate that Paycom Software will post 9.37 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Reinhart Partners LLC. boosted its stake in Paycom Software by 887.4% during the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock worth $95,351,000 after acquiring an additional 537,726 shares during the last quarter. Contour Asset Management LLC bought a new stake in Paycom Software in the fourth quarter valued at approximately $60,333,000. Two Sigma Investments LP raised its holdings in Paycom Software by 228.7% in the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock worth $110,756,000 after purchasing an additional 370,219 shares during the period. Invesco Ltd. boosted its position in shares of Paycom Software by 28.2% during the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after purchasing an additional 343,494 shares in the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of Paycom Software by 481.9% in the 4th quarter. River Road Asset Management LLC now owns 392,403 shares of the software maker’s stock valued at $62,533,000 after buying an additional 324,970 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Paycom Software News Roundup

Here are the key news stories impacting Paycom Software this week:

  • Positive Sentiment: Q2 earnings beat expectations: Paycom reported adjusted earnings of $2.78 per share, above the $2.38 consensus estimate and up from $2.06 a year earlier. Revenue increased 9.8% year over year to $531.2 million, exceeding estimates of $513.1 million. Paycom Software Reports Second Quarter 2026 Results
  • Positive Sentiment: Raised 2026 forecast: Paycom now expects full-year revenue of approximately $2.197 billion to $2.212 billion and adjusted EBITDA of $1.007 billion to $1.022 billion. The higher outlook reflects steady demand for AI-driven services and expanded automation releases. Paycom Raises Annual Forecast on AI-Driven Demand
  • Positive Sentiment: Analysts lifted targets: BTIG Research raised its price target from $160 to $230 and maintained a Buy rating, helping reinforce the bullish reaction to the earnings report. BTIG Raises Paycom Price Target
  • Neutral Sentiment: Analyst views remain mixed: BMO Capital Markets raised its target to $208 but kept a Market Perform rating, while Cantor Fitzgerald increased its target to $195 and retained a Neutral rating. These targets suggest some analysts believe much of the improved outlook is already reflected in the stock.

About Paycom Software

(Get Free Report)

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.

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