Paycom Software (NYSE:PAYC) Price Target Raised to $195.00

Key Points

• Cantor Fitzgerald raised Paycom’s price target from $135 to $195 while maintaining a “neutral” rating, implying 11.44% upside from the prior close. Analysts’ average target is $175.83, with the stock carrying a “Moderate Buy” consensus rating.
• Paycom reported quarterly EPS of $2.78, beating estimates of $2.38, while revenue increased 9.8% year over year to $531.2 million. Management also raised its 2026 revenue forecast to approximately $2.197 billion-$2.212 billion, citing demand for AI-driven automation.
• Paycom shares opened at $174.99, with a market capitalization of about $8.33 billion; hedge funds and other institutional investors own 87.77% of the company.

Paycom Software (NYSE:PAYC - Get Free Report) had its price target lifted by stock analysts at Cantor Fitzgerald from $135.00 to $195.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the software maker's stock. Cantor Fitzgerald's price objective indicates a potential upside of 11.44% from the company's previous close.

Several other research analysts have also weighed in on PAYC. Mizuho increased their target price on shares of Paycom Software from $120.00 to $130.00 and gave the stock a "neutral" rating in a research note on Thursday, May 7th. BMO Capital Markets upped their price objective on shares of Paycom Software from $145.00 to $208.00 and gave the stock a "market perform" rating in a report on Thursday. Weiss Ratings raised shares of Paycom Software from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, July 16th. Zacks Research upgraded shares of Paycom Software from a "hold" rating to a "strong-buy" rating in a report on Monday, May 18th. Finally, BTIG Research boosted their target price on Paycom Software from $160.00 to $230.00 and gave the company a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $175.83.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $174.99 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83. The business's 50 day moving average price is $141.40 and its 200 day moving average price is $133.66. Paycom Software has a 52 week low of $104.90 and a 52 week high of $248.95. The firm has a market cap of $8.33 billion, a P/E ratio of 20.23, a P/E/G ratio of 1.49 and a beta of 0.76.

Paycom Software (NYSE:PAYC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm had revenue of $531.20 million during the quarter, compared to analyst estimates of $513.12 million. During the same quarter in the previous year, the business earned $2.06 EPS. Paycom Software's revenue for the quarter was up 9.8% compared to the same quarter last year. On average, sell-side analysts expect that Paycom Software will post 9.37 earnings per share for the current year.

Institutional Trading of Paycom Software

A number of large investors have recently made changes to their positions in PAYC. Brown Brothers Harriman & Co. grew its holdings 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 in the last quarter. Clearstead Advisors LLC grew its stake in shares of Paycom Software by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 161 shares of the software maker's stock worth $26,000 after purchasing an additional 94 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Paycom Software in the second quarter valued at $29,000. MUFG Securities EMEA plc acquired a new stake in Paycom Software in the second quarter valued at $33,000. Finally, Palisade Asset Management LLC purchased a new stake in Paycom Software during the 3rd quarter worth about $33,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Paycom Software

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

• Positive Sentiment: Paycom reported second-quarter adjusted earnings of $2.78 per share, exceeding consensus estimates of $2.38, while revenue rose 9.8% year over year to $531.2 million, above the $513.1 million estimate. Paycom second-quarter earnings report
• Positive Sentiment: The company raised its 2026 forecast to approximately $2.197 billion-$2.212 billion in revenue and $1.007 billion-$1.022 billion in adjusted EBITDA. Management cited steady demand for AI-driven employee-management services and expanded automation releases. Reuters: Paycom raises annual forecast on AI-driven demand
• Positive Sentiment: Management said the quarter reflected the strength of its automation strategy and disciplined execution, reinforcing expectations that new automation products can support demand and profitability. Paycom second-quarter 2026 results
• Positive Sentiment: BMO Capital Markets raised its price target from $145 to $208, implying meaningful potential upside, while maintaining a “market perform” rating. BMO price-target update
• Neutral Sentiment: The earnings call and guidance update suggest improving momentum, but the “market perform” rating indicates BMO does not currently expect substantial outperformance relative to the broader market. Paycom Q2 2026 earnings call transcript

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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