Paycom Software (NYSE:PAYC) Price Target Raised to $210.00 at Barclays

Key Points

• Barclays raised Paycom Software’s price target from $154 to $210 while maintaining an “equal weight” rating, implying roughly 2.14% downside from the prior close.
• Analyst sentiment remains mixed: BTIG raised its target to $230 with a Buy rating, while BMO and other firms maintained neutral or market-perform views. MarketBeat’s consensus rating is “Hold,” with an average target of $191.23.
• Paycom’s latest quarter exceeded expectations, with EPS of $2.78 versus the $2.38 consensus and revenue of $531.2 million, up 9.8% year over year. Shares rose to $214.60 in Thursday trading.

Paycom Software (NYSE:PAYC - Get Free Report) had its price target increased by analysts at Barclays from $154.00 to $210.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the software maker's stock. Barclays's target price would suggest a potential downside of 2.14% from the stock's previous close.

Several other brokerages have also recently commented on PAYC. BTIG Research raised their target price on shares of Paycom Software from $160.00 to $230.00 and gave the stock a "buy" rating in a report on Thursday. BMO Capital Markets boosted their price target on Paycom Software from $145.00 to $208.00 and gave the company a "market perform" rating in a research note on Thursday. Citigroup increased their price target on Paycom Software from $120.00 to $136.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Weiss Ratings upgraded Paycom Software from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 16th. Finally, Mizuho lifted their price objective on Paycom Software from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Paycom Software presently has an average rating of "Hold" and a consensus price target of $191.23.

Paycom Software Stock Performance

Shares of Paycom Software stock traded up $39.80 during trading on Thursday, reaching $214.60. The company's stock had a trading volume of 1,409,340 shares, compared to its average volume of 1,338,688. 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 $10.22 billion, a PE ratio of 24.86, a P/E/G ratio of 1.49 and a beta of 0.76.

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

Institutional Investors Weigh In On Paycom Software

A number of large investors have recently modified their holdings of PAYC. Willis Investment Counsel raised its position in shares of Paycom Software by 122.2% during the fourth quarter. Willis Investment Counsel now owns 22,100 shares of the software maker's stock worth $3,522,000 after acquiring an additional 12,156 shares during the last quarter. Berkeley Inc increased its position in Paycom Software by 47.5% during the 4th quarter. Berkeley Inc now owns 40,794 shares of the software maker's stock valued at $6,501,000 after purchasing an additional 13,140 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Paycom Software by 1,151.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker's stock worth $27,227,000 after purchasing an additional 157,201 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Paycom Software by 290.5% during the 1st quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker's stock worth $29,627,000 after purchasing an additional 181,346 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in shares of Paycom Software by 230.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 341,286 shares of the software maker's stock worth $54,387,000 after purchasing an additional 238,155 shares during the period. Institutional investors and hedge funds own 87.77% of the company's stock.

Key Stories Impacting Paycom Software

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

• Positive Sentiment: Q2 earnings beat expectations: Paycom reported adjusted earnings of $2.78 per share, above the $2.38 consensus estimate and up from $2.06 a year earlier. Revenue increased 9.8% year over year to $531.2 million, exceeding estimates of $513.1 million. Paycom Software Reports Second Quarter 2026 Results
• Positive Sentiment: Raised 2026 forecast: Paycom now expects full-year revenue of approximately $2.197 billion to $2.212 billion and adjusted EBITDA of $1.007 billion to $1.022 billion. The higher outlook reflects steady demand for AI-driven services and expanded automation releases. Paycom Raises Annual Forecast on AI-Driven Demand
• Positive Sentiment: Analysts lifted targets: BTIG Research raised its price target from $160 to $230 and maintained a Buy rating, helping reinforce the bullish reaction to the earnings report. BTIG Raises Paycom Price Target
• Neutral Sentiment: Analyst views remain mixed: BMO Capital Markets raised its target to $208 but kept a Market Perform rating, while Cantor Fitzgerald increased its target to $195 and retained a Neutral rating. These targets suggest some analysts believe much of the improved outlook is already reflected in the stock.

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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