Paycom Software (NYSE:PAYC) Price Target Raised to $154.00

Paycom Software (NYSE:PAYC) had its target price lifted by TD Cowen from $148.00 to $154.00 in a report released on Thursday morning,Benzinga reports. TD Cowen currently has a buy rating on the software maker’s stock.

A number of other research analysts also recently weighed in on the company. KeyCorp cut their price objective on Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Paycom Software in a research note on Friday, May 1st. Jefferies Financial Group cut their price objective on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a research note on Thursday, February 12th. Zacks Research raised Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. Finally, Mizuho raised their price objective on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $159.67.

Paycom Software Trading Down 1.2%

Shares of NYSE PAYC opened at $136.75 on Thursday. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.44 and a beta of 0.77. The business has a 50 day simple moving average of $125.83 and a 200 day simple moving average of $146.19. Paycom Software has a 52 week low of $104.90 and a 52 week high of $267.76. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.09 and a current ratio of 1.08.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 EPS for the quarter, beating the consensus estimate of $2.99 by $0.16. The business had revenue of $571.80 million during the quarter, compared to analysts’ expectations of $564.37 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.80 EPS. On average, research analysts predict that Paycom Software will post 8.57 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, May 26th. Paycom Software’s payout ratio is currently 17.34%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PAYC. Brighton Jones LLC bought a new position in Paycom Software in the 4th quarter worth approximately $638,000. AQR Capital Management LLC increased its position in Paycom Software by 23.7% in the 1st quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after buying an additional 3,674 shares during the period. United Services Automobile Association bought a new position in Paycom Software in the 1st quarter worth approximately $215,000. Empowered Funds LLC increased its position in Paycom Software by 22.8% in the 1st quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock worth $1,739,000 after buying an additional 1,480 shares during the period. Finally, Focus Partners Wealth increased its position in Paycom Software by 220.8% in the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after buying an additional 2,712 shares during the period. 87.77% of the stock is owned by institutional investors.

Key Paycom Software News

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

• Positive Sentiment: Paycom reported Q1 earnings and revenue ahead of expectations, with revenue up 7.8% year over year and margins improving, supporting the case that operating performance is still solid. Article Title
• Positive Sentiment: The company reaffirmed its 2026 outlook for revenue and adjusted EBITDA, which can reassure investors looking for visibility after earnings. Article Title
• Positive Sentiment: Paycom’s board approved a new $2 billion share repurchase authorization, and the company already bought back a large block of shares in Q1, signaling confidence in cash generation and potentially boosting per-share earnings. Article Title
• Positive Sentiment: Several firms raised price targets after the results, including TD Cowen, BTIG, Barclays, and Mizuho, reflecting improved analyst sentiment even though ratings remained mixed. Article Title
• Neutral Sentiment: Paycom’s annual meeting results showed shareholders backed the board, auditor, and executive pay, removing a potential governance overhang but not materially changing the business outlook. Article Title
• Neutral Sentiment: Analyst price-target changes were mixed overall, with some firms lifting targets while others, including Citigroup and Barclays, maintained more cautious stances. Article Title

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.