Paycom Software (NYSE:PAYC) Price Target Lowered to $148.00 at Barclays

Key Points

• Barclays cut its price target on Paycom to $148 from $150 and kept an "equal weight" rating, implying about an 8.6% upside from current levels.
• Analysts are mixed overall — five Buys, eleven Holds and one Sell — giving a consensus rating of "Hold" and an average price target of $171.36.
• Paycom reaffirmed its 2026 revenue and adjusted‑EBITDA targets and the board approved a new $2.0 billion buyback plus a dividend; coupled with a modest Q1 revenue beat and roughly in‑line EPS, the news helped the stock rise about 7.8% to $136.23.

Paycom Software (NYSE:PAYC - Get Free Report) had its price objective cut by equities research analysts at Barclays from $150.00 to $148.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the software maker's stock. Barclays's target price suggests a potential upside of 8.64% from the company's current price.

Several other equities research analysts also recently issued reports on the company. Zacks Research upgraded Paycom Software from a "strong sell" rating to a "hold" rating in a report on Wednesday, February 18th. Mizuho upped their price target on Paycom Software from $120.00 to $130.00 and gave the stock a "neutral" rating in a report on Thursday. BTIG Research upped their price objective on Paycom Software from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday. Weiss Ratings restated a "sell (d+)" rating on shares of Paycom Software in a research note on Friday, May 1st. Finally, KeyCorp reduced their price objective on Paycom Software from $250.00 to $195.00 and set an "overweight" rating for the company in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $171.36.

Paycom Software Stock Up 7.8%

PAYC traded up $9.87 during trading on Thursday, hitting $136.23. The company's stock had a trading volume of 821,005 shares, compared to its average volume of 1,601,101. Paycom Software has a twelve month low of $104.90 and a twelve month high of $267.76. The stock's fifty day moving average price is $125.45 and its 200-day moving average price is $146.62. The firm has a market capitalization of $6.49 billion, a P/E ratio of 16.92, a PEG ratio of 1.39 and a beta of 0.77.

Paycom Software (NYSE:PAYC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $544.30 million for the quarter, compared to analyst estimates of $542.79 million. During the same period in the previous year, the firm earned $2.32 earnings per share. The company's revenue was up 10.2% compared to the same quarter last year. Equities research analysts expect that Paycom Software will post 8.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Paycom Software

Large investors have recently modified their holdings of the company. CYBER HORNET ETFs LLC purchased a new position in shares of Paycom Software during the 2nd quarter valued at about $29,000. Caitlin John LLC purchased a new position in shares of Paycom Software during the 3rd quarter valued at about $29,000. MUFG Securities EMEA plc purchased a new position in shares of Paycom Software during the 2nd quarter valued at about $33,000. Steigerwald Gordon & Koch Inc. purchased a new position in shares of Paycom Software during the 3rd quarter valued at about $31,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Paycom Software by 190.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker's stock valued at $25,000 after buying an additional 101 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software News Summary

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

• Positive Sentiment: Company reaffirmed 2026 revenue ($2.175B–$2.195B) and adjusted EBITDA targets and the board approved a new $2.0 billion buyback plus a dividend — a sizable capital-return signal that supports shareholder value. Article Title
• Positive Sentiment: Revenue and margins showed strength — Q1 revenue rose ~7.8% year‑over‑year to about $571–572M, beating consensus and indicating continued top‑line resilience. Article Title
• Positive Sentiment: BTIG raised its price target sharply to $160 with a Buy rating, signaling bullish analyst conviction and potential upside from current levels. Article Title
• Positive Sentiment: Paycom expanded its credit facility (reported at roughly $2.13B), improving financial flexibility to support buybacks and strategic initiatives. Article Title
• Neutral Sentiment: Earnings headlines were mixed depending on the source/adjustment methodology — some outlets show EPS beats on an adjusted basis while others report a slight miss; the common thread is revenue strength and margin expansion. Article Title
• Neutral Sentiment: Earnings call transcript and management commentary are available for detail on client activity, churn and ROI initiatives — useful for assessing sustainability of growth and margins. Article Title
• Negative Sentiment: Mizuho raised its price target to $130 but kept a Neutral rating; that PT sits slightly below current levels, reflecting some analyst caution on near‑term upside/valuation. Article Title

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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