BTIG Research Forecasts Strong Price Appreciation for Paycom Software (NYSE:PAYC) Stock

Key Points

• BTIG Research raised its price target on Paycom from $140 to $160 and kept a "buy" rating, implying roughly a 26.8% upside from the prior close.
• The board approved a new $2.0 billion buyback and announced a dividend, while management reaffirmed FY‑2026 guidance (revenue $2.175B–$2.195B and adjusted EBITDA $950M–$970M), measures that support forward EPS and shareholder returns.
• Analyst coverage is mixed—five Buys, eleven Holds, one Sell—producing an average "Hold" rating and a consensus price target of $170.79, even as the stock recently traded near $126 (market cap ≈ $6.0B).

Paycom Software (NYSE:PAYC - Get Free Report) had its price target boosted by research analysts at BTIG Research from $140.00 to $160.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the software maker's stock. BTIG Research's price target points to a potential upside of 26.81% from the company's previous close.

PAYC has been the topic of a number of other research reports. TD Cowen decreased their price objective on shares of Paycom Software from $200.00 to $184.00 and set a "buy" rating on the stock in a report on Thursday, January 8th. UBS Group decreased their price objective on shares of Paycom Software from $210.00 to $183.00 and set a "buy" rating on the stock in a report on Tuesday, April 21st. Weiss Ratings reissued a "sell (d+)" rating on shares of Paycom Software in a report on Friday, May 1st. Zacks Research raised shares of Paycom Software from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 18th. Finally, Mizuho reduced their target price on shares of Paycom Software from $180.00 to $120.00 and set a "neutral" rating on the stock in a research note on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $170.79.

Paycom Software Stock Down 4.2%

Shares of NYSE:PAYC opened at $126.18 on Thursday. Paycom Software has a 12 month low of $104.90 and a 12 month high of $267.76. The company's 50-day moving average price is $125.45 and its two-hundred day moving average price is $146.62. The firm has a market cap of $6.01 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.39 and a beta of 0.77.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, topping analysts' consensus estimates of $2.44 by $0.01. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The firm had revenue of $544.30 million for the quarter, compared to analyst estimates of $542.79 million. During the same quarter in the prior year, the firm earned $2.32 EPS. The company's revenue was up 10.2% on a year-over-year basis. As a group, equities analysts predict that Paycom Software will post 8.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PAYC. True Wealth Design LLC boosted its stake in Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker's stock worth $25,000 after acquiring an additional 142 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Paycom Software by 190.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker's stock worth $25,000 after acquiring an additional 101 shares during the last quarter. Clearstead Advisors LLC boosted its stake in Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker's stock worth $26,000 after acquiring an additional 94 shares during the last quarter. Caitlin John LLC bought a new position in Paycom Software during the 3rd quarter worth approximately $29,000. Finally, CYBER HORNET ETFs LLC bought a new position in Paycom Software during the 2nd quarter worth approximately $29,000. Institutional investors own 87.77% of the company's stock.

More Paycom Software News

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

• Positive Sentiment: Board approved a new $2.0 billion buyback and the company announced a dividend — a meaningful return-of-capital that supports the stock and EPS per share over time. Paycom Announces Dividend and New $2 Billion Buyback
• Positive Sentiment: Company reaffirmed FY‑2026 revenue ($2.175B–$2.195B) and adjusted EBITDA ($950M–$970M), signaling management confidence in the outlook. That, combined with the buyback, is supportive of forward earnings. Paycom reaffirms 2026 revenue...
• Positive Sentiment: Quarterly revenue topped estimates (reported ~$571.9M vs. ~564.4M consensus), showing continued top-line growth even as margins/earnings drivers are debated. Paycom’s NYSE: PAYC Q1 CY2026 Sales Top Estimates
• Neutral Sentiment: BMO raised its price target to $145 from $137 but kept a "market perform" rating — marginally positive for valuation but not a strong buy signal. BMO raises price target
• Neutral Sentiment: The full Q1 earnings call transcript is available for investors wanting detail on guidance, client metrics, and margin drivers — useful for parsing mixed headlines. Paycom Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Some outlets report an EPS beat (Zacks: $3.15 vs $2.93), while others report a miss — this inconsistency is creating short-term volatility until figures are reconciled. Paycom Q1 earnings (Zacks)
• Negative Sentiment: At least one widely cited report shows an EPS miss versus consensus (reported $2.87 vs. $2.99), which likely triggered some of today’s selling pressure as investors focus on near-term profitability and margin trends. Paycom Q1 results (MarketBeat)

Paycom Software Company Profile

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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