Paycom Software (NYSE:PAYC) Rating Lowered to Neutral at BTIG Research

Posted by Francis Steltz on Nov 5th, 2026

Paycom Software (NYSE:PAYC – Get Free Report) was downgraded by investment analysts at BTIG Research from a “buy” rating to a “neutral” rating in a research report issued on Thursday, MarketBeat reports.

Several other research analysts have also issued reports on the stock. Jefferies Financial Group raised their price target on shares of Paycom Software from $160.00 to $300.00 and gave the stock a “hold” rating in a report on Tuesday, October 27th. Bank of America initiated coverage on shares of Paycom Software in a research note on Tuesday, September 29th. They issued an “underperform” rating and a $200.00 price objective on the stock. Citigroup increased their price objective on shares of Paycom Software from $194.00 to $279.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 27th. Barclays lifted their target price on shares of Paycom Software from $210.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 13th. Finally, Wall Street Zen cut shares of Paycom Software from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Paycom Software currently has a consensus rating of “Hold” and a consensus target price of $256.21.

View Our Latest Stock Analysis on Paycom Software

Paycom Software Stock Up 2.1%

Shares of NYSE:PAYC opened at $268.39 on Thursday. Paycom Software has a 52-week low of $104.90 and a 52-week high of $275.22. The company has a market capitalization of $12.10 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 1.41 and a beta of 0.75. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The company has a fifty day moving average of $237.97 and a 200-day moving average of $165.78.

Paycom Software (NYSE:PAYC – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.37 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.56. The company had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $535.26 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 earnings per share. On average, equities analysts predict that Paycom Software will post 10.80 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Shane Hadlock sold 241 shares of Paycom Software stock in a transaction on Friday, August 28th. The shares were sold at an average price of $240.07, for a total value of $57,856.87. Following the completion of the sale, the insider owned 69,911 shares of the company’s stock, valued at approximately $16,783,533.77. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 13.20% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

Several large investors have recently bought and sold shares of PAYC. Pictet Asset Management Holding SA increased its stake in Paycom Software by 0.6% in the 3rd quarter. Pictet Asset Management Holding SA now owns 6,240 shares of the software maker’s stock valued at $1,358,000 after buying an additional 40 shares during the last quarter. Childress Capital Advisors LLC lifted its position in shares of Paycom Software by 1.4% during the 3rd quarter. Childress Capital Advisors LLC now owns 2,951 shares of the software maker’s stock worth $642,000 after buying an additional 42 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in shares of Paycom Software by 1.1% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,684 shares of the software maker’s stock worth $589,000 after buying an additional 49 shares during the last quarter. CX Institutional boosted its stake in shares of Paycom Software by 4.7% in the 3rd quarter. CX Institutional now owns 1,399 shares of the software maker’s stock worth $304,000 after buying an additional 63 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Paycom Software by 2.6% in the third quarter. Versant Capital Management Inc now owns 2,689 shares of the software maker’s stock valued at $585,000 after acquiring an additional 69 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors.

Key Paycom Software News

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

Positive Sentiment: Paycom earned $3.37 per share, beating analysts’ estimates of roughly $2.80 and rising from $1.94 a year earlier. Revenue increased 10.2% year over year to $543.8 million, also topping expectations. The earnings beat and profit growth are likely the main positive catalysts. Zacks Q3 earnings article
Positive Sentiment: The company declared its first cash dividend, introducing a new way to return capital to shareholders. The report provided here does not specify the dividend amount. Yahoo Finance dividend article

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.