Paycom Software (NYSE:PAYC) Stock Price Expected to Rise, BTIG Research Analyst Says

Paycom Software (NYSE:PAYC) had its target price hoisted by research analysts at BTIG Research from $160.00 to $230.00 in a note issued to investors on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the software maker’s stock. BTIG Research’s target price indicates a potential upside of 31.44% from the stock’s previous close.

A number of other brokerages have also commented on PAYC. TD Cowen lowered their price objective on Paycom Software from $154.00 to $149.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Citigroup boosted their target price on Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, July 16th. BMO Capital Markets lifted their price target on shares of Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research report on Thursday. Finally, UBS Group reduced their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Paycom Software has a consensus rating of “Moderate Buy” and an average price target of $170.83.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $174.99 on Thursday. Paycom Software has a twelve month low of $104.90 and a twelve month high of $248.95. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average of $141.40 and a two-hundred day moving average of $133.66. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.49 and a beta of 0.76.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.40. The business had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $2.06 earnings per share. As a group, analysts expect that Paycom Software will post 9.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Mackenzie Financial Corp boosted its position in Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after acquiring an additional 63 shares during the last quarter. Boyd Watterson Asset Management LLC OH lifted its position in shares of Paycom Software by 0.8% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock worth $1,699,000 after purchasing an additional 86 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Paycom Software by 1.4% in the fourth quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock worth $1,081,000 after purchasing an additional 87 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Paycom Software by 2.2% during the fourth quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock worth $652,000 after purchasing an additional 88 shares during the last quarter. Finally, Evoke Wealth LLC boosted its holdings in Paycom Software by 2.8% during the fourth quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock worth $531,000 after purchasing an additional 90 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

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

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.