BTIG Research Lowers Paycom Software (NYSE:PAYC) Price Target to $140.00

Paycom Software (NYSE:PAYC) had its price target cut by research analysts at BTIG Research from $195.00 to $140.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. BTIG Research’s price target points to a potential upside of 11.50% from the company’s current price.

PAYC has been the topic of several other reports. Jefferies Financial Group dropped their price target on shares of Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Zacks Research cut shares of Paycom Software from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. KeyCorp cut their target price on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. UBS Group reduced their price target on Paycom Software from $245.00 to $210.00 and set a “buy” rating for the company in a report on Monday, January 26th. Finally, Mizuho lowered their price target on Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Paycom Software currently has a consensus rating of “Hold” and a consensus price target of $168.57.

Paycom Software Stock Performance

Shares of NYSE PAYC opened at $125.56 on Thursday. The stock has a 50 day moving average price of $150.22 and a 200 day moving average price of $184.09. The stock has a market capitalization of $7.07 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.25 and a beta of 0.79. Paycom Software has a 52 week low of $104.90 and a 52 week high of $267.76.

Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Wednesday, February 11th. The software maker reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.01. The firm had revenue of $544.30 million for 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%.The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.32 EPS. As a group, research analysts forecast that Paycom Software will post 7.15 EPS for the current year.

Insiders Place Their Bets

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the sale, the chief financial officer directly owned 14,747 shares in the company, valued at $2,398,747.02. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Paycom Software

A number of large investors have recently made changes to their positions in PAYC. Vanguard Group Inc. boosted its stake in Paycom Software by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,802,788 shares of the software maker’s stock valued at $1,207,792,000 after purchasing an additional 179,218 shares during the period. State Street Corp increased its position in Paycom Software by 0.4% during the 4th quarter. State Street Corp now owns 2,165,546 shares of the software maker’s stock worth $345,101,000 after buying an additional 8,419 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Paycom Software by 10.3% during the third quarter. Baillie Gifford & Co. now owns 1,708,662 shares of the software maker’s stock worth $355,641,000 after buying an additional 158,967 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Paycom Software by 19.9% in the fourth quarter. First Trust Advisors LP now owns 1,665,529 shares of the software maker’s stock valued at $265,419,000 after acquiring an additional 275,954 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Paycom Software by 5.3% in the second quarter. Geode Capital Management LLC now owns 1,661,685 shares of the software maker’s stock valued at $383,265,000 after acquiring an additional 83,154 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

Paycom Software News Summary

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.