Citigroup Raises Paycom Software (NYSE:PAYC) Price Target to $136.00

Paycom Software (NYSE:PAYC - Get Free Report) had its price objective lifted by Citigroup from $120.00 to $136.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the software maker's stock. Citigroup's price target would indicate a potential downside of 1.72% from the stock's previous close.

A number of other equities analysts have also commented on PAYC. TD Cowen increased their price target on Paycom Software from $148.00 to $154.00 and gave the company a "buy" rating in a research note on Thursday. BMO Capital Markets boosted their price target on shares of Paycom Software from $137.00 to $145.00 and gave the stock a "market perform" rating in a research report on Thursday. Guggenheim decreased their price target on shares of Paycom Software from $210.00 to $180.00 and set a "buy" rating on the stock in a research note on Thursday, February 12th. UBS Group dropped their price objective on shares of Paycom Software from $210.00 to $183.00 and set a "buy" rating for the company in a research note on Tuesday, April 21st. Finally, Cantor Fitzgerald upped their target price on shares of Paycom Software from $115.00 to $135.00 and gave the company a "neutral" rating in a research report on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $169.79.

Paycom Software Stock Performance

Shares of PAYC stock traded up $12.02 during mid-day trading on Thursday, reaching $138.38. 2,189,200 shares of the company's stock traded hands, compared to its average volume of 1,617,708. The firm has a market capitalization of $6.60 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. Paycom Software has a 12 month low of $104.90 and a 12 month high of $267.76. The firm has a 50 day moving average price of $125.45 and a two-hundred day moving average price of $146.62.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.16. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.The business had revenue of $571.80 million during the quarter, compared to analyst estimates of $564.37 million. During the same quarter in the previous year, the company posted $2.80 earnings per share. Paycom Software's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Paycom Software will post 8.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAYC. Dimensional Fund Advisors LP grew its stake in Paycom Software by 10.1% in the first quarter. Dimensional Fund Advisors LP now owns 538,376 shares of the software maker's stock valued at $65,435,000 after purchasing an additional 49,460 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Paycom Software by 102.5% in the 1st quarter. Parallel Advisors LLC now owns 1,776 shares of the software maker's stock valued at $216,000 after buying an additional 899 shares in the last quarter. Aurora Investment Counsel boosted its holdings in shares of Paycom Software by 59.6% in the 1st quarter. Aurora Investment Counsel now owns 10,230 shares of the software maker's stock valued at $1,243,000 after buying an additional 3,819 shares in the last quarter. Modera Wealth Management LLC grew its position in shares of Paycom Software by 13.8% in the 1st quarter. Modera Wealth Management LLC now owns 9,740 shares of the software maker's stock worth $1,184,000 after buying an additional 1,183 shares during the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Paycom Software during the 1st quarter worth approximately $12,205,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Paycom Software News Roundup

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

• Positive Sentiment: Q1 results beat and outlook reaffirmed — PAYC reported revenue up ~7.8% Y/Y, expanded margins and topped some EPS/revenue estimates; management reaffirmed 2026 revenue and adjusted‑EBITDA targets. Paycom's Q1 Earnings Surpass Expectations
• Positive Sentiment: Board approved a new $2 billion buyback and announced a dividend — a large buyback plus dividend signals strong cash return policy that can support the share price. Paycom reaffirms 2026 revenue and approves $2B buyback
• Positive Sentiment: Several analyst price‑target raises and buy ratings — TD Cowen and BTIG lifted targets and reiterated buy views, and BMO raised its target (mixed labels but generally supportive). These actions add buy‑side momentum. Analyst coverage (Benzinga) BMO Capital Markets note
• Neutral Sentiment: Mizuho raised its price target to $130 but kept a neutral rating — the new target sits below the current price, so the note is mixed in impact. Mizuho note (Benzinga)
• Neutral Sentiment: Full earnings materials and call transcript available — useful for digging into churn, RPO, client metrics and margin drivers before placing longer‑term bets. Earnings call transcript Press release
• Negative Sentiment: Barclays trimmed its target to $148 and moved to "equal weight" — a more cautious view from a large house may limit upside in the near term. Barclays note (Benzinga)
• Negative Sentiment: Some reports showed differing EPS figures (adjusted vs. GAAP), creating short‑term confusion — one publication flagged an EPS miss vs. consensus, which can add volatility as investors reconcile metrics. MarketBeat earnings note

About Paycom Software

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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