KeyCorp Forecasts Strong Price Appreciation for Paycom Software (NYSE:PAYC) Stock

Paycom Software (NYSE:PAYC) had its price objective hoisted by equities research analysts at KeyCorp from $295.00 to $297.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. KeyCorp‘s price target would suggest a potential upside of 25.74% from the stock’s current price.

PAYC has been the subject of several other research reports. UBS Group upped their price objective on Paycom Software from $205.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Bank of America initiated coverage on shares of Paycom Software in a report on Tuesday, September 29th. They set an “underperform” rating and a $200.00 target price on the stock. TD Cowen upped their price target on shares of Paycom Software from $244.00 to $286.00 and gave the company a “buy” rating in a research report on Friday, October 2nd. BMO Capital Markets lifted their price target on shares of Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group boosted their price objective on shares of Paycom Software from $160.00 to $300.00 and gave the stock a “hold” rating in a research note on Tuesday, October 27th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $255.36.

Paycom Software Price Performance

Shares of NYSE:PAYC traded down $13.81 during trading on Thursday, hitting $236.21. 1,243,020 shares of the company were exchanged, compared to its average volume of 588,849. Paycom Software has a 1-year low of $104.90 and a 1-year high of $275.22. The company has a market capitalization of $10.65 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.57. The business’s 50 day moving average is $238.29 and its 200-day moving average is $166.73.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, November 4th. The software maker reported $3.37 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.56. The company had revenue of $543.80 million for the quarter, compared to the consensus estimate of $535.26 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. Paycom Software’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. Equities analysts forecast 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 241 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87. Following the completion of the sale, the insider directly owned 69,911 shares in the company, valued at approximately $16,783,533.77. This trade represents a 0.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.20% of the company’s stock.

Institutional Investors Weigh In On Paycom Software

Several institutional investors and hedge funds have recently made changes to their positions in PAYC. BlackRock Inc. bought a new stake in Paycom Software in the second quarter worth approximately $632,460,000. Reinhart Partners LLC. boosted its holdings in shares of Paycom Software by 20.1% during the 2nd 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. Robeco Institutional Asset Management B.V. grew its position in shares of Paycom Software by 108.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 308,393 shares of the software maker’s stock worth $67,122,000 after buying an additional 160,185 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Paycom Software by 10.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 538,376 shares of the software maker’s stock worth $65,435,000 after buying an additional 49,460 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Paycom Software in the 2nd quarter valued at $42,858,000. Institutional investors own 87.77% of the company’s stock.

Key Stories Impacting Paycom Software

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

• Positive Sentiment: Paycom beat third-quarter earnings expectations, with EPS of $3.37 versus the cited $2.76 consensus. Earnings growth, higher revenue, and margin gains were linked to wider adoption of automation; the company also raised its 2026 revenue and EBITDA guidance. Paycom Q3 Earnings Beat Estimates on Revenue Growth, Margin Gains
• Positive Sentiment: KeyCorp raised its price target to $297 and maintained an overweight rating, signaling confidence in further upside. KeyCorp recommendations
• Positive Sentiment: Paycom declared its first cash dividend, adding a shareholder-return component to the investment case. Paycom declares its first cash dividend
• Neutral Sentiment: JPMorgan raised its target slightly, from $264 to $265, but kept a neutral rating. JPMorgan recommendations
• Negative Sentiment: BTIG downgraded PAYC from buy to neutral, a more cautious view that could pressure shares despite the earnings beat. BTIG Research recommendations
• Negative Sentiment: Citigroup cut its target from $279 to $264 and retained a neutral rating. Other coverage also raised questions about whether Paycom’s shares are fully valued after a strong run, tempering the positive results. Citigroup recommendations Paycom stock could be rich despite raised guidance

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.