Glenmede Trust Co. NA Sells 28,677 Shares of Paycom Software, Inc. $PAYC

Glenmede Trust Co. NA cut its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 91.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,535 shares of the software maker’s stock after selling 28,677 shares during the period. Glenmede Trust Co. NA’s holdings in Paycom Software were worth $308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its stake in shares of Paycom Software by 190.6% in the fourth 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. Clearstead Advisors LLC lifted its position in Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after buying an additional 94 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in Paycom Software during the 2nd quarter worth about $29,000. MUFG Securities EMEA plc bought a new stake in Paycom Software during the 2nd quarter worth about $33,000. Finally, Palisade Asset Management LLC acquired a new stake in Paycom Software in the 3rd quarter valued at about $33,000. 87.77% of the stock is 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: Q2 results exceeded expectations: Paycom reported $531.2 million in revenue, up 9.8% year over year, and $2.78 in non-GAAP EPS, beating consensus estimates. Recurring sales growth and expanding margins added to the positive reaction. Paycom’s Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
• Positive Sentiment: Management raised its 2026 forecast: Paycom now expects revenue of approximately $2.197 billion to $2.212 billion and adjusted EBITDA of $1.007 billion to $1.022 billion. Free cash flow is expected to exceed $650 million, supporting the improved earnings outlook. Paycom forecasts 2026 revenue and EBITDA
• Positive Sentiment: Automation and AI are improving profitability: Management highlighted savings from automation, internally hosted AI models, and new product releases as drivers of operating leverage and demand for Paycom’s employee-management services. Paycom raises annual forecast on AI-driven demand
• Positive Sentiment: Analysts lifted price targets: KeyBanc raised its target to $270 with an overweight rating, while TD Cowen raised its target to $244 and upgraded the stock to buy. BTIG also increased its target to $230 and maintained a buy rating. Paycom Software analysts boost forecasts
• Neutral Sentiment: Capital returns remain supportive: Paycom repurchased roughly 2.57 million shares for $345.9 million during the quarter, which may enhance per-share results but also reflects substantial cash deployment.
• Negative Sentiment: Some analysts remain cautious at the higher valuation: Barclays, BMO, Stifel, UBS, and Cantor Fitzgerald raised targets but retained neutral or hold-equivalent ratings, with targets ranging from $195 to $210—below the recent market level. Mixed institutional positioning also suggests not all investors share the bullish view.

Wall Street Analyst Weigh In

PAYC has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday. Mizuho increased their price target on shares of Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Citigroup raised their price target on shares of Paycom Software from $136.00 to $194.00 and gave the company a “neutral” rating in a report on Friday. BTIG Research boosted their price objective on shares of Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Barclays upped their price objective on Paycom Software from $154.00 to $210.00 and gave the stock an “equal weight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $204.69.

Paycom Software Stock Down 0.2%

Shares of NYSE:PAYC opened at $214.52 on Monday. The company has a 50 day moving average price of $144.49 and a two-hundred day moving average price of $134.60. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $9.67 billion, a PE ratio of 22.80, a PEG ratio of 1.33 and a beta of 0.75. Paycom Software, Inc. has a 52 week low of $104.90 and a 52 week high of $234.60.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The company had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same period last year, the firm posted $2.06 earnings per share. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Analysts forecast that Paycom Software, Inc. will post 9.53 earnings per share for the current year.

Paycom Software Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, August 24th. Paycom Software’s dividend payout ratio (DPR) is presently 15.94%.

Paycom Software 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.