Paycom Software (NYSE:PAYC) Stock Gets Price Target Boost from TD Cowen

Posted by Geri Gentry on Oct 5th, 2026

Paycom Software (NYSE:PAYC – Get Free Report) had its price target upped by investment analysts at TD Cowen from $244.00 to $286.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. TD Cowen’s target price suggests a potential upside of 29.27% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the stock. Bank of America assumed coverage on shares of Paycom Software in a research note on Tuesday, September 29th. They issued an “underperform” rating and a $200.00 target price for the company. Cantor Fitzgerald raised their target price on Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Citigroup raised their price objective on shares of Paycom Software from $136.00 to $194.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Barclays increased their target price on Paycom Software from $154.00 to $210.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Finally, BTIG Research lifted their target price on Paycom Software from $160.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $216.93.

Read Our Latest Research Report on PAYC

Paycom Software Stock Up 0.1%

NYSE:PAYC traded up $0.24 during mid-day trading on Friday, reaching $221.23. The company’s stock had a trading volume of 119,828 shares, compared to its average volume of 1,219,833. The firm has a market capitalization of $9.97 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 1.20 and a beta of 0.82. The stock has a fifty day moving average of $215.01 and a 200-day moving average of $161.05. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. Paycom Software has a 1 year low of $104.90 and a 1 year high of $244.98.

Paycom Software (NYSE:PAYC – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating the consensus estimate of $2.38 by $0.40. Paycom Software had a net margin of 22.78% and a return on equity of 37.06%. The business had revenue of $531.20 million during the quarter, compared to analyst estimates of $513.12 million. During the same period in the prior year, the firm posted $2.06 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts forecast that Paycom Software will post 10.64 earnings per share for the current year.

Insider Activity at Paycom Software

In other news, insider Shane Hadlock sold 241 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $240.07, for a total transaction of $57,856.87. Following the completion of the transaction, the insider directly owned 69,911 shares of the company’s stock, valued at $16,783,533.77. This trade represents a 0.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Paycom Software

Institutional investors have recently added to or reduced their stakes in the business. Fluent Financial LLC purchased a new position in Paycom Software during the second quarter worth approximately $2,439,000. Principal Financial Group Inc. increased its stake in Paycom Software by 290.5% during the first quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock worth $29,627,000 after acquiring an additional 181,346 shares during the last quarter. Greenwich Wealth Management LLC purchased a new stake in shares of Paycom Software during the 2nd quarter worth about $5,118,000. Janus Henderson Group PLC grew its stake in Paycom Software by 467.2% during the first quarter. Janus Henderson Group PLC now owns 23,200 shares of the software maker’s stock worth $2,819,000 after buying an additional 19,110 shares during the period. Finally, Corient Private Wealth LP purchased a new stake in Paycom Software during the 2nd quarter worth $10,803,000. 87.77% of the stock is currently owned by institutional investors and hedge funds.

About Paycom Software

(Get Free Report)

Paycom Software, Inc develops and provides cloud-based human capital management (HCM) software for businesses. Its platform is designed to help employers manage payroll and other workforce processes through a unified system, reducing the need for separate applications and manual data entry.

The company’s products and services include payroll processing, tax management, time and labor management, talent acquisition, onboarding, talent management, employee benefits administration, expense management, and workforce analytics.