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

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

Several other research firms have also commented on PAYC. TD Cowen cut their price objective on Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Barclays raised their target price on Paycom Software from $154.00 to $210.00 and gave the company an “equal weight” rating in a research report on Thursday. Citigroup boosted their price target on Paycom Software from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Cantor Fitzgerald increased their price objective on Paycom Software from $135.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, UBS Group reduced their price objective on Paycom Software from $210.00 to $183.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $191.23.

Paycom Software Price Performance

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

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.40. The firm had revenue of $531.20 million during the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 EPS. On average, research analysts expect that Paycom Software will post 9.37 earnings per share for the current year.

Institutional Trading of Paycom Software

Several large investors have recently added to or reduced their stakes in PAYC. Brown Brothers Harriman & Co. increased its stake in shares of Paycom Software by 190.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock worth $25,000 after acquiring an additional 101 shares during the last quarter. Clearstead Advisors LLC boosted its position in shares of Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock valued at $26,000 after acquiring an additional 94 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Paycom Software during the 2nd quarter valued at about $29,000. MUFG Securities EMEA plc acquired a new position in shares of Paycom Software during the 2nd quarter valued at about $33,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of Paycom Software in the third quarter valued at about $33,000. 87.77% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting 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.