Paycom Software, Inc. $PAYC is Reinhart Partners LLC.’s 7th Largest Position

Reinhart Partners LLC. lifted its position in Paycom Software, Inc. (NYSE:PAYC) by 20.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,219,906 shares of the software maker’s stock after purchasing an additional 204,191 shares during the quarter. Paycom Software comprises approximately 3.5% of Reinhart Partners LLC.’s portfolio, making the stock its 7th largest holding. Reinhart Partners LLC.’s holdings in Paycom Software were worth $153,320,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Mackenzie Financial Corp raised its position in shares of Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after purchasing an additional 63 shares during the last quarter. Boyd Watterson Asset Management LLC OH boosted its holdings in Paycom Software by 0.8% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 10,662 shares of the software maker’s stock worth $1,699,000 after buying an additional 86 shares during the last quarter. Lido Advisors LLC boosted its holdings in Paycom Software by 1.4% in the 4th quarter. Lido Advisors LLC now owns 6,286 shares of the software maker’s stock worth $1,081,000 after buying an additional 87 shares during the last quarter. Janus Henderson Group PLC increased its stake in Paycom Software by 2.2% during the 4th quarter. Janus Henderson Group PLC now owns 4,090 shares of the software maker’s stock worth $652,000 after buying an additional 88 shares in the last quarter. Finally, Evoke Wealth LLC increased its stake in Paycom Software by 2.8% during the 4th quarter. Evoke Wealth LLC now owns 3,335 shares of the software maker’s stock worth $531,000 after buying an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PAYC shares. UBS Group raised their target price on Paycom Software from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Barclays boosted their price target on Paycom Software from $154.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Thursday. TD Cowen increased their price objective on Paycom Software from $149.00 to $244.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Research upgraded Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, Guggenheim lifted their target price on shares of Paycom Software from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $204.69.

Key Paycom Software News

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

• Positive Sentiment: Q2 results exceeded expectations: Paycom reported $531.2 million in revenue, up 9.8% year over year, and $2.78 in non-GAAP EPS, beating consensus estimates. Recurring sales growth and expanding margins added to the positive reaction. Paycom’s Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
• Positive Sentiment: Management raised its 2026 forecast: Paycom now expects revenue of approximately $2.197 billion to $2.212 billion and adjusted EBITDA of $1.007 billion to $1.022 billion. Free cash flow is expected to exceed $650 million, supporting the improved earnings outlook. Paycom forecasts 2026 revenue and EBITDA
• Positive Sentiment: Automation and AI are improving profitability: Management highlighted savings from automation, internally hosted AI models, and new product releases as drivers of operating leverage and demand for Paycom’s employee-management services. Paycom raises annual forecast on AI-driven demand
• Positive Sentiment: Analysts lifted price targets: KeyBanc raised its target to $270 with an overweight rating, while TD Cowen raised its target to $244 and upgraded the stock to buy. BTIG also increased its target to $230 and maintained a buy rating. Paycom Software analysts boost forecasts
• Neutral Sentiment: Capital returns remain supportive: Paycom repurchased roughly 2.57 million shares for $345.9 million during the quarter, which may enhance per-share results but also reflects substantial cash deployment.
• Negative Sentiment: Some analysts remain cautious at the higher valuation: Barclays, BMO, Stifel, UBS, and Cantor Fitzgerald raised targets but retained neutral or hold-equivalent ratings, with targets ranging from $195 to $210—below the recent market level. Mixed institutional positioning also suggests not all investors share the bullish view.

Paycom Software Price Performance

PAYC stock opened at $214.52 on Friday. Paycom Software, Inc. has a 1 year low of $104.90 and a 1 year high of $234.60. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.08. The firm has a market capitalization of $10.22 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 1.82 and a beta of 0.76. The business has a 50 day simple moving average of $144.49 and a 200-day simple moving average of $134.69.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, August 5th. The software maker reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.40. The firm had revenue of $531.20 million for the quarter, compared to the consensus estimate of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 earnings per share. Equities research analysts anticipate that Paycom Software, Inc. will post 9.44 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, August 24th. Paycom Software’s payout ratio is currently 17.34%.

Paycom Software Company Profile

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.