BMO Capital Markets Raises Paycom Software (NYSE:PAYC) Price Target to $145.00

Paycom Software (NYSE:PAYC) had its price target increased by research analysts at BMO Capital Markets from $137.00 to $145.00 in a report issued on Thursday, MarketBeat Ratings reports. The firm currently has a “market perform” rating on the software maker’s stock. BMO Capital Markets’ price objective indicates a potential upside of 6.04% from the company’s current price.

PAYC has been the topic of several other research reports. Citigroup cut their target price on Paycom Software from $185.00 to $128.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. KeyCorp dropped their price target on Paycom Software from $250.00 to $195.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Zacks Research upgraded Paycom Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 18th. BTIG Research dropped their price target on Paycom Software from $195.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Finally, Mizuho dropped their price target on Paycom Software from $180.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $159.67.

Paycom Software Price Performance

Shares of NYSE PAYC opened at $136.75 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.09 and a current ratio of 1.08. Paycom Software has a fifty-two week low of $104.90 and a fifty-two week high of $267.76. The firm has a market capitalization of $6.52 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.46 and a beta of 0.77. The stock’s 50-day simple moving average is $125.83 and its 200-day simple moving average is $146.19.

Paycom Software (NYSE:PAYC) last issued its earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.16. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The business had revenue of $571.80 million for the quarter, compared to analyst estimates of $564.37 million. During the same quarter last year, the company earned $2.80 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Paycom Software will post 8.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PAYC. Brighton Jones LLC acquired a new stake in Paycom Software during the 4th quarter worth approximately $638,000. AQR Capital Management LLC lifted its position in Paycom Software by 23.7% during the 1st quarter. AQR Capital Management LLC now owns 19,155 shares of the software maker’s stock worth $4,136,000 after acquiring an additional 3,674 shares during the period. United Services Automobile Association acquired a new stake in Paycom Software during the 1st quarter worth approximately $215,000. Empowered Funds LLC lifted its position in Paycom Software by 22.8% during the 1st quarter. Empowered Funds LLC now owns 7,958 shares of the software maker’s stock worth $1,739,000 after acquiring an additional 1,480 shares during the period. Finally, Focus Partners Wealth lifted its position in Paycom Software by 220.8% during the 1st quarter. Focus Partners Wealth now owns 3,940 shares of the software maker’s stock worth $861,000 after acquiring an additional 2,712 shares during the period. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software News Summary

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

• Positive Sentiment: Paycom reported Q1 earnings and revenue ahead of expectations, with revenue up 7.8% year over year and margins improving, supporting the case that operating performance is still solid. Article Title
• Positive Sentiment: The company reaffirmed its 2026 outlook for revenue and adjusted EBITDA, which can reassure investors looking for visibility after earnings. Article Title
• Positive Sentiment: Paycom’s board approved a new $2 billion share repurchase authorization, and the company already bought back a large block of shares in Q1, signaling confidence in cash generation and potentially boosting per-share earnings. Article Title
• Positive Sentiment: Several firms raised price targets after the results, including TD Cowen, BTIG, Barclays, and Mizuho, reflecting improved analyst sentiment even though ratings remained mixed. Article Title
• Neutral Sentiment: Paycom’s annual meeting results showed shareholders backed the board, auditor, and executive pay, removing a potential governance overhang but not materially changing the business outlook. Article Title
• Neutral Sentiment: Analyst price-target changes were mixed overall, with some firms lifting targets while others, including Citigroup and Barclays, maintained more cautious stances. Article Title

Paycom Software Company Profile

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.