Paycom Software (NYSE:PAYC) Price Target Raised to $305.00

Posted by Brenda Bartman on Oct 29th, 2026

Paycom Software (NYSE:PAYC – Free Report) had its price target boosted by BTIG Research from $230.00 to $305.00 in a research report released on Monday,Benzinga reports. BTIG Research currently has a buy rating on the software maker’s stock.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Paycom Software from $140.00 to $264.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Guggenheim raised their price objective on Paycom Software from $225.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. KeyCorp lifted their target price on shares of Paycom Software from $270.00 to $280.00 and gave the company an “overweight” rating in a research note on Monday, September 21st. Bank of America started coverage on Paycom Software in a research note on Tuesday, September 29th. They issued an “underperform” rating and a $200.00 price target for the company. Finally, Weiss Ratings upgraded Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $249.79.

View Our Latest Report on PAYC

Paycom Software Trading Up 0.1%

NYSE PAYC opened at $262.23 on Monday. Paycom Software has a 12 month low of $104.90 and a 12 month high of $275.22. The stock’s fifty day moving average price is $234.30 and its 200-day moving average price is $163.08. The stock has a market cap of $11.82 billion, a P/E ratio of 27.87, a P/E/G ratio of 1.47 and a beta of 0.82. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.57.

Paycom Software (NYSE:PAYC – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. The business had revenue of $531.20 million during the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. Paycom Software’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $2.06 EPS. As a group, equities analysts forecast that Paycom Software will post 10.80 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a dividend of $0.3750 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 24th. Paycom Software’s payout ratio is currently 15.94%.

Insider Transactions at Paycom Software

In other Paycom Software news, insider Shane Hadlock sold 241 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $240.07, for a total value of $57,856.87. Following the transaction, the insider directly owned 69,911 shares in the company, valued at $16,783,533.77. This represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Paycom Software

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

About Paycom Software

(Get Free Report)

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.