Paycom Software (NYSE:PAYC) Given New $154.00 Price Target at TD Cowen

Key Points

• TD Cowen raised its price target on Paycom to $154 from $148 and kept a "buy" rating, implying roughly an 11.3% upside from the prior close.
• Analyst views are mixed — five Buy, eleven Hold and one Sell — leaving a MarketBeat consensus rating of Hold with an average price target of $169.21 after multiple target adjustments.
• Operational and capital highlights: Paycom reported a slight Q1 beat (revenue up ~10.2%), the board authorized a $2.0 billion buyback and a dividend, and the stock recently traded at $138.38 with a market cap of $6.6 billion and a P/E of 17.1.

Paycom Software (NYSE:PAYC - Get Free Report) had its target price raised by research analysts at TD Cowen from $148.00 to $154.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the software maker's stock. TD Cowen's price objective would indicate a potential upside of 11.29% from the company's previous close.

Other analysts have also issued research reports about the company. BMO Capital Markets boosted their price target on Paycom Software from $137.00 to $145.00 and gave the company a "market perform" rating in a research note on Thursday. UBS Group decreased their price target on Paycom Software from $210.00 to $183.00 and set a "buy" rating on the stock in a research note on Tuesday, April 21st. Barclays decreased their price target on Paycom Software from $150.00 to $148.00 and set an "equal weight" rating on the stock in a research note on Thursday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Paycom Software in a report on Friday, May 1st. Finally, Cantor Fitzgerald increased their target price on Paycom Software from $115.00 to $135.00 and gave the stock a "neutral" rating in a 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $169.21.

Paycom Software Stock Performance

Shares of NYSE:PAYC traded up $12.02 during trading on Thursday, hitting $138.38. 1,656,372 shares of the stock were exchanged, compared to its average volume of 1,608,148. Paycom Software has a 1-year low of $104.90 and a 1-year high of $267.76. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.39 and a beta of 0.77. The company's fifty day simple moving average is $125.45 and its 200-day simple moving average is $146.62.

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

Institutional Investors Weigh In On Paycom Software

A number of institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in Paycom Software by 7.6% in the third quarter. UMB Bank n.a. now owns 789 shares of the software maker's stock valued at $164,000 after purchasing an additional 56 shares during the last quarter. ORG Wealth Partners LLC increased its holdings in Paycom Software by 4.4% in the third quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker's stock valued at $289,000 after purchasing an additional 59 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Paycom Software by 4.0% in the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker's stock valued at $338,000 after purchasing an additional 63 shares during the last quarter. Davis Investment Partners LLC increased its holdings in Paycom Software by 2.3% in the fourth quarter. Davis Investment Partners LLC now owns 2,988 shares of the software maker's stock valued at $455,000 after purchasing an additional 68 shares during the last quarter. Finally, Compound Planning Inc. increased its holdings in Paycom Software by 2.9% in the third quarter. Compound Planning Inc. now owns 2,899 shares of the software maker's stock valued at $603,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Paycom Software News Summary

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

• Positive Sentiment: Q1 operational beat: Paycom reported year‑over‑year revenue growth of ~7.8%, expanding margins, and management reaffirmed 2026 revenue and adjusted‑EBITDA guidance — a signal of stable execution. Paycom's Q1 Earnings Surpass Expectations
• Positive Sentiment: Board authorizes a new $2.0 billion buyback and the company announced a dividend — a major capital return program that supports the share price and signals confidence in cash flow. MSN: Paycom reaffirms 2026 revenue...
• Positive Sentiment: Analyst upgrades/raises: BTIG raised its price target to $160 and kept a Buy rating (largest upside among recent updates), adding bullish broker support. Benzinga: BTIG raises PT to $160
• Positive Sentiment: BMO lifted its target to $145 (market‑perform), another incremental vote of confidence from the sell‑side. TickerReport: BMO raises PT to $145
• Neutral Sentiment: Mizuho raised its target to $130 but kept a Neutral rating, implying limited near‑term upside from current levels — a mixed signal. Benzinga: Mizuho raises PT to $130
• Neutral Sentiment: Full Q1 earnings call transcript posted for investors who want detail on client metrics and margin outlook (useful but informational). Seeking Alpha: Q1 earnings call transcript
• Negative Sentiment: Conflicting headlines on EPS: some outlets show Paycom beat EPS expectations while others report a slight miss versus certain consensus numbers — the mixed print increases short‑term volatility and invites differing analyst reactions. MarketBeat: Q1 EPS/revenue summary
• Negative Sentiment: Barclays trimmed its price target (150→148) to Equal Weight, reflecting more cautious sentiment from some brokers and limiting upside from a subset of institutional holders. Benzinga: Barclays lowers PT to $148

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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