Paycom Software (NYSE:PAYC) Given New $297.00 Price Target at KeyCorp

Paycom Software (NYSE:PAYC) had its target price upped by KeyCorp from $295.00 to $297.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

Several other research analysts have also weighed in on the company. BMO Capital Markets lifted their price objective on Paycom Software from $145.00 to $208.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. TD Cowen upped their price objective on Paycom Software from $244.00 to $286.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Weiss Ratings raised shares of Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Stifel Nicolaus increased their target price on shares of Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research note on Thursday, August 6th. Finally, UBS Group lifted their price target on Paycom Software from $205.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Paycom Software has a consensus rating of “Hold” and an average price target of $256.43.

Paycom Software Trading Down 6.8%

Shares of Paycom Software stock opened at $249.89 on Thursday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. Paycom Software has a 52-week low of $104.90 and a 52-week high of $275.22. The stock has a market cap of $11.26 billion, a PE ratio of 26.32, a PEG ratio of 1.43 and a beta of 0.75. The firm has a 50-day moving average of $238.33 and a 200-day moving average of $166.29.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, November 4th. The software maker reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.56. Paycom Software had a net margin of 23.28% and a return on equity of 47.97%. The firm had revenue of $543.80 million for the quarter, compared to the consensus estimate of $535.26 million. During the same period in the prior year, the company posted $1.94 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts forecast that Paycom Software will post 10.80 EPS for the current year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be given a $0.3750 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 23rd. Paycom Software’s payout ratio is currently 15.94%.

Insider Buying and Selling

In other Paycom Software news, insider Shane Hadlock sold 241 shares of the firm’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.20% of the company’s stock.

Institutional Trading of Paycom Software

A number of large investors have recently made changes to their positions in PAYC. TD Waterhouse Canada Inc. bought a new stake in shares of Paycom Software during the 3rd quarter valued at $25,000. Laurel Wealth Advisors LLC bought a new position in shares of Paycom Software in the third quarter worth about $28,000. Caitlin John LLC purchased a new position in Paycom Software during the second quarter valued at approximately $31,000. Silver Grove Financial Group Inc. lifted its stake in shares of Paycom Software by 134.4% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 143 shares of the software maker’s stock valued at $31,000 after buying an additional 82 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Paycom Software in the 2nd quarter worth approximately $33,000. 87.77% of the stock is currently owned by institutional investors.

Paycom Software News Summary

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

• Positive Sentiment: Paycom beat third-quarter expectations, reporting adjusted earnings of $3.37 per share versus estimates of $2.81 and revenue of $543.8 million versus estimates of $535.3 million. Revenue grew 10.2% year over year, while profit benefited from revenue growth, automation adoption and margin gains. The company also raised its 2026 revenue and EBITDA guidance. Paycom Q3 earnings beat estimates on revenue growth and margin gains
• Positive Sentiment: Paycom declared its first cash dividend, introducing a new way to return capital to shareholders. Paycom declares its first cash dividend
• Positive Sentiment: KeyCorp raised its price target to $297 and maintained an overweight rating, signaling continued confidence in further upside. KeyCorp raises Paycom price target
• Neutral Sentiment: JPMorgan raised its target slightly, from $264 to $265, but kept a neutral rating. JPMorgan analyst recommendations
• Negative Sentiment: BTIG downgraded Paycom from buy to neutral. Other coverage also questioned whether the stock is fully valued after a strong run, despite the raised guidance—potentially limiting investors’ reaction to the earnings beat. Paycom beats estimates and lifts guidance, but valuation is questioned

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.