Paycom Software (NYSE:PAYC) Stock Price Expected to Rise, Barclays Analyst Says

Market Beat
2025.08.08 13:56
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Barclays has raised its price target for Paycom Software (NYSE:PAYC) from $240 to $250, maintaining an "equal weight" rating. This suggests a potential upside of 1.13% from the previous close. Other analysts have also adjusted their targets, with an average rating of "Hold" and a consensus price target of $229.30. Paycom's stock opened at $247.20, with a 12-month high of $267.76. The company reported strong earnings, exceeding estimates with $2.06 EPS and $483.60 million in revenue for the last quarter.

Paycom Software (NYSE:PAYC - Get Free Report) had its target price hoisted by analysts at Barclays from $240.00 to $250.00 in a report released on Thursday,Benzinga reports. The firm presently has an "equal weight" rating on the software maker's stock. Barclays's target price would indicate a potential upside of 1.13% from the stock's previous close.

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Several other research analysts also recently weighed in on PAYC. Stifel Nicolaus boosted their target price on Paycom Software from $187.00 to $215.00 and gave the stock a "hold" rating in a research note on Thursday, May 8th. BMO Capital Markets upped their target price on shares of Paycom Software from $244.00 to $258.00 and gave the stock a "market perform" rating in a research report on Thursday. Needham & Company LLC reissued a "hold" rating on shares of Paycom Software in a research report on Thursday, May 8th. KeyCorp boosted their target price on Paycom Software from $245.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Piper Sandler upped their price target on shares of Paycom Software from $224.00 to $246.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $229.30.

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Paycom Software Stock Up 10.7%

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NYSE:PAYC opened at $247.20 on Thursday. Paycom Software has a 12-month low of $152.46 and a 12-month high of $267.76. The stock's 50 day moving average price is $237.44 and its two-hundred day moving average price is $226.70. The firm has a market capitalization of $14.30 billion, a price-to-earnings ratio of 34.88, a P/E/G ratio of 2.46 and a beta of 0.81.

Paycom Software (NYSE:PAYC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The software maker reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.28. Paycom Software had a net margin of 20.60% and a return on equity of 25.53%. The business had revenue of $483.60 million for the quarter, compared to analyst estimates of $472.00 million. During the same quarter in the prior year, the firm posted $1.62 EPS. Paycom Software's revenue was up 10.5% on a year-over-year basis. Equities research analysts expect that Paycom Software will post 7.15 EPS for the current year.

Insiders Place Their Bets

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In other news, insider Bradley Scott Smith sold 1,500 shares of the company's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $249.96, for a total transaction of $374,940.00. Following the transaction, the insider owned 27,233 shares of the company's stock, valued at $6,807,160.68. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Chad R. Richison sold 26,426 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $255.52, for a total value of $6,752,371.52. Following the sale, the chief executive officer owned 3,277,249 shares in the company, valued at approximately $837,402,664.48. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,016 shares of company stock valued at $13,514,208 in the last quarter. Insiders own 10.90% of the company's stock.

Hedge Funds Weigh In On Paycom Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. SouthState Corp purchased a new position in Paycom Software in the 1st quarter worth about $27,000. von Borstel & Associates Inc. purchased a new stake in shares of Paycom Software in the first quarter valued at approximately $27,000. Glass Jacobson Investment Advisors llc grew its holdings in shares of Paycom Software by 746.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 127 shares of the software maker's stock worth $26,000 after buying an additional 112 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Paycom Software by 112.3% in the first quarter. Golden State Wealth Management LLC now owns 138 shares of the software maker's stock valued at $30,000 after buying an additional 73 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Paycom Software by 135.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the software maker's stock worth $33,000 after purchasing an additional 87 shares during the period. 87.77% of the stock is currently owned by institutional investors.

Paycom Software Company Profile

(Get Free Report)

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.

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