KeyCorp Issues Positive Forecast for Paycom Software (NYSE:PAYC) Stock Price

Paycom Software (NYSE:PAYC) had its price target raised by research analysts at KeyCorp from $195.00 to $270.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the software maker’s stock. KeyCorp’s price objective would suggest a potential upside of 25.81% from the company’s previous close.

A number of other equities research analysts also recently commented on PAYC. Mizuho lifted their target price on Paycom Software from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Stifel Nicolaus increased their price target on Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday. Cantor Fitzgerald raised their price objective on Paycom Software from $135.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group reduced their price objective on shares of Paycom Software from $210.00 to $183.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Finally, Citigroup upped their target price on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $191.23.

Paycom Software Trading Up 22.8%

Shares of PAYC stock traded up $39.80 during trading on Thursday, hitting $214.60. 1,409,340 shares of the stock traded hands, compared to its average volume of 1,338,688. The firm has a market capitalization of $10.22 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 1.49 and a beta of 0.76. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s fifty day moving average price is $141.40 and its 200-day moving average price is $133.66. Paycom Software has a 52-week low of $104.90 and a 52-week high of $248.95.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. The firm had revenue of $531.20 million for the quarter, compared to analysts’ expectations of $513.12 million. Paycom Software had a return on equity of 28.34% and a net margin of 22.44%.The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.06 earnings per share. As a group, research analysts forecast that Paycom Software will post 9.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paycom Software

Institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of Paycom Software during the second quarter worth about $2,685,000. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Paycom Software in the second quarter valued at approximately $224,000. Fulton Bank N.A. grew its holdings in shares of Paycom Software by 7.8% in the second quarter. Fulton Bank N.A. now owns 2,070 shares of the software maker’s stock valued at $260,000 after purchasing an additional 149 shares in the last quarter. Fluent Financial LLC purchased a new stake in Paycom Software during the 2nd quarter worth approximately $2,439,000. Finally, Legacy Wealth Asset Management LLC increased its stake in Paycom Software by 25.4% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 7,277 shares of the software maker’s stock worth $915,000 after buying an additional 1,475 shares during the period. 87.77% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Paycom Software

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

• Positive Sentiment: Q2 earnings beat expectations: Paycom reported adjusted earnings of $2.78 per share, above the $2.38 consensus estimate and up from $2.06 a year earlier. Revenue increased 9.8% year over year to $531.2 million, exceeding estimates of $513.1 million. Paycom Software Reports Second Quarter 2026 Results
• Positive Sentiment: Raised 2026 forecast: Paycom now expects full-year revenue of approximately $2.197 billion to $2.212 billion and adjusted EBITDA of $1.007 billion to $1.022 billion. The higher outlook reflects steady demand for AI-driven services and expanded automation releases. Paycom Raises Annual Forecast on AI-Driven Demand
• Positive Sentiment: Analysts lifted targets: BTIG Research raised its price target from $160 to $230 and maintained a Buy rating, helping reinforce the bullish reaction to the earnings report. BTIG Raises Paycom Price Target
• Neutral Sentiment: Analyst views remain mixed: BMO Capital Markets raised its target to $208 but kept a Market Perform rating, while Cantor Fitzgerald increased its target to $195 and retained a Neutral rating. These targets suggest some analysts believe much of the improved outlook is already reflected in the stock.

About Paycom Software

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.