Paycom Software (NYSE:PAYC) Price Target Raised to $230.00 at BTIG Research

Paycom Software (NYSE:PAYC) had its price target raised by research analysts at BTIG Research from $160.00 to $230.00 in a research report issued on Thursday, MarketBeat reports. The brokerage currently has a “buy” rating on the software maker’s stock. BTIG Research’s price target would indicate a potential upside of 31.44% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Barclays boosted their price objective on shares of Paycom Software from $148.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. BMO Capital Markets upped their price target on shares of Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a research report on Thursday. Citigroup increased their price target on Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings raised Paycom Software from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 16th. Finally, Zacks Research raised Paycom Software from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Paycom Software has an average rating of “Moderate Buy” and an average price target of $170.83.

Paycom Software Stock Down 0.2%

Shares of PAYC opened at $174.99 on Thursday. Paycom Software has a fifty-two week low of $104.90 and a fifty-two week high of $248.95. The company’s fifty day moving average is $141.40 and its two-hundred day moving average is $133.66. The firm has a market cap of $8.33 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.49 and a beta of 0.76. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.83.

Paycom Software (NYSE:PAYC) last issued 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. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. During the same period last year, the company posted $2.06 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts forecast that Paycom Software will post 9.37 earnings per share for the current year.

Institutional Investors Weigh In On Paycom Software

Several hedge funds and other institutional investors have recently modified their holdings of PAYC. Oppenheimer Asset Management Inc. bought a new position in shares of Paycom Software during the second quarter worth about $2,685,000. Bryn Mawr Trust Advisors LLC bought a new position in Paycom Software during the 2nd quarter worth approximately $224,000. Fulton Bank N.A. grew its position in shares of Paycom Software by 7.8% in the 2nd quarter. Fulton Bank N.A. now owns 2,070 shares of the software maker’s stock worth $260,000 after acquiring an additional 149 shares in the last quarter. Fluent Financial LLC bought a new stake in shares of Paycom Software in the 2nd quarter valued at approximately $2,439,000. Finally, Legacy Wealth Asset Management LLC lifted its stake in Paycom Software by 25.4% during the second quarter. Legacy Wealth Asset Management LLC now owns 7,277 shares of the software maker’s stock worth $915,000 after purchasing an additional 1,475 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.

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.