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

Paycom Software (NYSE:PAYC) had its target price cut by equities research analysts at KeyCorp from $250.00 to $195.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. KeyCorp’s target price indicates a potential upside of 55.31% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Paycom Software from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Cantor Fitzgerald reduced their target price on shares of Paycom Software from $170.00 to $135.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Barclays decreased their price target on shares of Paycom Software from $210.00 to $185.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. TD Cowen cut their price objective on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Finally, Mizuho reduced their price objective on Paycom Software from $180.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Paycom Software has a consensus rating of “Hold” and an average target price of $168.57.

Paycom Software Trading Up 4.8%

Shares of PAYC opened at $125.56 on Thursday. The firm has a fifty day simple moving average of $150.22 and a two-hundred day simple moving average of $184.09. The firm has a market cap of $7.07 billion, a PE ratio of 15.52, a P/E/G ratio of 1.25 and a beta of 0.79. Paycom Software has a 1-year low of $104.90 and a 1-year high of $267.76.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, topping the consensus estimate of $2.44 by $0.01. The company had revenue of $544.30 million during the quarter, compared to analyst estimates of $542.79 million. Paycom Software had a return on equity of 24.25% and a net margin of 22.10%.Paycom Software’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.32 earnings per share. As a group, research analysts forecast that Paycom Software will post 7.15 EPS for the current fiscal year.

Insider Buying and Selling at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the transaction, the chief financial officer owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 10.90% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

Several large investors have recently made changes to their positions in PAYC. CYBER HORNET ETFs LLC bought a new position in shares of Paycom Software in the second quarter worth about $29,000. Caitlin John LLC purchased a new position in Paycom Software in the 3rd quarter worth approximately $29,000. MUFG Securities EMEA plc bought a new position in Paycom Software in the 2nd quarter worth approximately $33,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Paycom Software during the 3rd quarter valued at approximately $31,000. Finally, Brown Brothers Harriman & Co. grew its holdings in Paycom Software by 190.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after buying an additional 101 shares in the last quarter. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

More Paycom Software News

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

• Positive Sentiment: Q4 results topped estimates: PAYC reported $2.45 EPS and revenue up ~10% y/y, beating consensus and showing margin expansion — supportive near‑term fundamentals. Article Title
• Positive Sentiment: Independent study highlights product ROI: A Forrester‑commissioned study found Paycom’s IWant AI delivers significant three‑year ROI for clients — a credibility boost for growth/product story. Article Title
• Positive Sentiment: Some analysts remain bullish: Guggenheim, KeyCorp and BTIG maintained buy/overweight views (despite trimming targets), signaling pockets of conviction that upside remains for longer‑term investors. Article Title
• Neutral Sentiment: Market commentary and idea pieces: Several outlets (Zacks, Seeking Alpha, Barchart) frame PAYC as a potential value/recovery play after the selloff — useful for investors assessing risk/reward but not immediate catalysts. Article Title
• Negative Sentiment: Weak 2026 revenue guidance spooked investors: Paycom’s FY‑2026 revenue outlook was perceived as conservative/short of consensus, which triggered the initial selloff and remains the primary negative catalyst. Article Title
• Negative Sentiment: Multiple analyst price‑target cuts and neutral/hold moves: Several firms (Citigroup, Jefferies, Cantor Fitzgerald, Mizuho, BMO and others) lowered targets and moved to neutral/hold — increasing selling pressure and signaling reduced near‑term expectations. Article Title
• Negative Sentiment: Shares reached a fresh near‑term low after guidance and analyst reactions, amplifying momentum selling and headline sensitivity. Article Title

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.