Paycom Software (NYSE:PAYC) Given New $154.00 Price Target at TD Cowen

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

Other research analysts have also issued research reports about the company. Jefferies Financial Group cut their price target on Paycom Software from $190.00 to $130.00 and set a “hold” rating on the stock in a report on Thursday, February 12th. Barclays cut their price target on Paycom Software from $150.00 to $148.00 and set an “equal weight” rating on the stock in a report on Thursday. KeyCorp cut their price target on Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Guggenheim lowered their price objective on Paycom Software from $210.00 to $180.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Paycom Software has an average rating of “Hold” and an average target price of $159.67.

Paycom Software Stock Down 1.3%

NYSE:PAYC traded down $1.75 on Thursday, hitting $136.68. The stock had a trading volume of 622,405 shares, compared to its average volume of 1,605,827. The business’s fifty day moving average is $125.83 and its 200 day moving average is $146.19. The company has a market cap of $6.51 billion, a PE ratio of 15.81, a P/E/G ratio of 1.33 and a beta of 0.77. Paycom Software has a 52 week low of $104.90 and a 52 week high of $267.76.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.16. The business had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. Paycom Software had a return on equity of 24.55% and a net margin of 22.44%.The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.80 earnings per share. Equities analysts predict that Paycom Software will post 8.59 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. Investors of record on Tuesday, May 26th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, May 26th. Paycom Software’s dividend payout ratio (DPR) is presently 17.34%.

Institutional Trading of Paycom Software

Large investors have recently bought and sold shares of the company. CYBER HORNET ETFs LLC purchased a new stake in Paycom Software in the second quarter worth $29,000. Caitlin John LLC purchased a new stake in Paycom Software in the third quarter worth $29,000. MUFG Securities EMEA plc purchased a new stake in Paycom Software in the second quarter worth $33,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Paycom Software in the third quarter worth $31,000. Finally, Brown Brothers Harriman & Co. increased its position in Paycom Software by 190.6% in the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after buying an additional 101 shares during the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Paycom Software

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

• Positive Sentiment: Q1 beat and guidance reaffirmed — Paycom reported Q1 EPS of $3.15 (vs. ~$2.99 est.), revenue $571.8M (+7.8% Y/Y), margin expansion and it reiterated FY2026 revenue and adjusted?EBITDA guidance, which underpins the recent rally. Paycom Reports First Quarter 2026 Results
• Positive Sentiment: Large buybacks — Management disclosed heavy buyback activity (Q1 repurchases ~$1.06B) and the board approved a new $2B repurchase program, reducing share count and boosting EPS power. That was a key catalyst for the intraday jump. Paycom jumps after Q1 results, 2026 outlook reiteration, and a sizable share repurchase
• Positive Sentiment: Several analyst upgrades and higher targets (e.g., TD Cowen, BTIG, BMO) have supported momentum and sentiment around upside potential. Analyst coverage and price targets
• Neutral Sentiment: Mixed analyst views — some firms trimmed or set neutral/equal?weight targets (e.g., Barclays to $148, Mizuho to $130), producing a split street view that tempers a unanimous buy thesis. Barclays $148 price target
• Neutral Sentiment: Additional price?target moves (up and down) are keeping consensus near the mid?$100s–$150s range; consensus/median targets (~$148) provide a reference for longer?term valuation. Mizuho $130 price target
• Negative Sentiment: Cautious management tone on the earnings call — while results were solid, the call included cautious commentary about demand/near?term trends, which can blunt momentum. Paycom Earnings Call Balances Strength With Caution
• Negative Sentiment: Insider selling and mixed institutional flows noted in coverage could pressure sentiment; watch execution of buybacks and whether repurchases offset supply. QuiverQuant coverage (insider & institutional activity)

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.