Paycom Software (NYSE:PAYC) Stock Price Target Cut by Citigroup

Paycom Software (NYSE:PAYC) had its price target lowered by equities research analysts at Citigroup from $279.00 to $264.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. Citigroup‘s price target points to a potential upside of 11.77% from the company’s previous close.

A number of other research firms also recently weighed in on PAYC. Guggenheim increased their target price on Paycom Software from $225.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 23rd. 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, August 6th. Weiss Ratings raised shares of Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. UBS Group increased their price objective on shares of Paycom Software from $205.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Finally, Barclays boosted their target price on shares of Paycom Software from $210.00 to $250.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 13th. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $255.36.

Paycom Software Stock Performance

NYSE:PAYC traded down $13.81 during trading hours on Friday, reaching $236.21. The company had a trading volume of 1,201,919 shares, compared to its average volume of 1,162,437. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 1.43 and a beta of 0.75. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57. The firm’s 50 day moving average price is $238.33 and its 200-day moving average price is $166.29. Paycom Software has a 52 week low of $104.90 and a 52 week high of $275.22.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.37 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.56. Paycom Software had a return on equity of 47.97% and a net margin of 23.28%. The firm had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $535.26 million. During the same period in the prior year, the firm earned $1.94 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. On average, analysts forecast that Paycom Software will post 10.80 EPS for the current year.

Insiders Place Their Bets

In other Paycom Software news, insider Shane Hadlock sold 2,577 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $237.60, for a total value of $612,295.20. Following the completion of the transaction, the insider directly owned 70,152 shares in the company, valued at $16,668,115.20. This represents a 3.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 13.20% of the stock is owned by insiders.

Institutional Trading of Paycom Software

Several hedge funds have recently modified their holdings of PAYC. TD Waterhouse Canada Inc. bought a new position in Paycom Software during the third quarter valued at $25,000. Laurel Wealth Advisors LLC acquired a new stake in Paycom Software during the 3rd quarter valued at approximately $28,000. Caitlin John LLC acquired a new stake in shares of Paycom Software in the second quarter worth $31,000. Silver Grove Financial Group Inc. lifted its position in shares of Paycom Software by 134.4% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 143 shares of the software maker’s stock valued at $31,000 after buying an additional 82 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Paycom Software in the 2nd quarter valued at $33,000. 87.77% of the stock is owned by hedge funds and other institutional investors.

More Paycom Software News

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

• Positive Sentiment: Third-quarter earnings were $3.37 per share, above the $2.81 consensus, while revenue of $543.8 million topped estimates and rose 10.2% year over year. Coverage also cited automation adoption and margin gains, and Paycom raised its 2026 revenue and EBITDA guidance. Paycom Q3 Earnings Beat Estimates on Revenue Growth, Margin Gains
• Positive Sentiment: KeyCorp raised its price target to $297 and maintained an overweight rating. Paycom also declared its first cash dividend, adding a potential shareholder-return appeal. Paycom Declares Its First Cash Dividend
• Neutral Sentiment: JPMorgan lifted its target slightly to $265 but kept a neutral rating, suggesting limited conviction in further gains at current levels. JPMorgan analyst recommendations
• Negative Sentiment: BTIG downgraded Paycom from buy to neutral. Commentary also cautioned that the stock could be richly valued after gaining more than 40% over the past year, despite the improved outlook. Paycom Stock Could Be Rich Despite Raised Revenue Guidance

Paycom Software Company Profile

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.