Paycom Software (NYSE:PAYC) Stock Gets Price Target Boost from JPMorgan Chase & Co.

Paycom Software (NYSE:PAYC) had its price objective upped by analysts at JPMorgan Chase & Co. from $264.00 to $265.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 6.05% from the company’s previous close.

A number of other equities analysts have also recently commented on PAYC. Zacks Research cut shares of Paycom Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Jefferies Financial Group upped their price target on shares of Paycom Software from $160.00 to $300.00 and gave the company a “hold” rating in a research report on Tuesday, October 27th. Citigroup raised their price objective on Paycom Software from $194.00 to $279.00 and gave the company a “neutral” rating in a research note on Tuesday, October 27th. Stifel Nicolaus lifted their price objective on Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets lifted their price objective on Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Paycom Software presently has a consensus rating of “Hold” and a consensus target price of $256.43.

Paycom Software Price Performance

NYSE:PAYC traded down $18.27 during mid-day trading on Thursday, reaching $249.89. The stock had a trading volume of 1,728,943 shares, compared to its average volume of 1,162,262. The firm has a 50 day moving average price of $237.97 and a two-hundred day moving average price of $165.78. The stock has a market capitalization of $11.26 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.41 and a beta of 0.75. Paycom Software has a one year low of $104.90 and a one year high of $275.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.56. The business had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $535.26 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the business earned $1.94 earnings per share. As a group, analysts expect that Paycom Software will post 10.80 earnings per share for the current year.

Insider Buying and Selling

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 transaction of $612,295.20. Following the completion of the transaction, the insider owned 70,152 shares of the company’s stock, 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 at the SEC website. 13.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Paycom Software

A number of large investors have recently made changes to their positions in PAYC. BlackRock Inc. bought a new position in Paycom Software in the second quarter worth approximately $632,460,000. Bank of New York Mellon Corp bought a new stake in shares of Paycom Software during the 2nd quarter valued at $42,858,000. Equity Investment Corp bought a new stake in shares of Paycom Software during the 2nd quarter valued at $37,085,000. Bank of America Corp DE purchased a new stake in shares of Paycom Software in the 2nd quarter worth $34,146,000. Finally, Reinhart Partners LLC. increased its stake in shares of Paycom Software by 20.1% in the 2nd quarter. Reinhart Partners LLC. now owns 1,219,906 shares of the software maker’s stock worth $153,320,000 after purchasing an additional 204,191 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

More Paycom Software News

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

• Positive Sentiment: Paycom beat third-quarter estimates, reporting adjusted earnings of $3.37 per share versus a $2.81 consensus and revenue of $543.8 million versus $535.3 million expected. Revenue grew 10.2% year over year, while earnings rose substantially; the company cited revenue growth, automation adoption and margin gains. It also raised its 2026 revenue and EBITDA guidance. Paycom Q3 earnings and guidance
• Positive Sentiment: Paycom declared its first cash dividend, adding a potential shareholder-return appeal. The report provided here does not specify the dividend amount. Paycom declares its first cash dividend
• Positive Sentiment: KeyCorp raised its price target from $295 to $297 and maintained an “overweight” rating, signaling continued upside in its view. KeyCorp rating and price target
• Neutral Sentiment: Paycom’s strong share-price momentum—up more than 40% over the past year—and a favorable technical rating are balanced by warnings that the stock may be richly valued. This could make further gains more sensitive to expectations and execution. Paycom stock valuation and momentum
• Negative Sentiment: BTIG Research downgraded Paycom from “buy” to “neutral,” adding a cautious counterpoint to the upbeat earnings news. BTIG Research rating

About Paycom Software

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.