Paycom Software (NYSE:PAYC) Given New $264.00 Price Target at Citigroup

Paycom Software (NYSE:PAYC) had its price target reduced by Citigroup from $279.00 to $264.00 in a research note published on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the software maker’s stock.

PAYC has been the subject of a number of other reports. KeyCorp lifted their price target on Paycom Software from $295.00 to $297.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Research lowered shares of Paycom Software from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Guggenheim raised their price objective on shares of Paycom Software from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Bank of America assumed coverage on shares of Paycom Software in a research report on Tuesday, September 29th. They issued an “underperform” rating and a $200.00 price objective for the company. Finally, Weiss Ratings raised shares of Paycom Software from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $255.36.

Paycom Software Price Performance

Shares of NYSE PAYC traded down $13.81 during mid-day trading on Friday, hitting $236.21. 1,243,020 shares of the stock were exchanged, compared to its average volume of 588,849. Paycom Software has a twelve month low of $104.90 and a twelve month high of $275.22. The stock’s fifty day simple moving average is $238.29 and its two-hundred day simple moving average is $166.73. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $10.65 billion, a P/E ratio of 22.63, a PEG ratio of 1.42 and a beta of 0.75.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Wednesday, November 4th. The software maker reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.56. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. The business had revenue of $543.80 million for the quarter, compared to analyst estimates of $535.26 million. During the same period in the prior year, the company earned $1.94 EPS. Paycom Software’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, analysts forecast that Paycom Software will post 10.80 EPS for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.3750 per share. The ex-dividend date is Monday, November 23rd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. Paycom Software’s payout ratio is presently 15.94%.

Insider Buying and Selling at Paycom Software

In other news, insider Shane Hadlock sold 241 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $240.07, for a total transaction of $57,856.87. Following the transaction, the insider owned 69,911 shares of the company’s stock, valued at $16,783,533.77. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.20% of the stock is currently owned by insiders.

Institutional Trading of Paycom Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fluent Financial LLC bought a new stake in shares of Paycom Software during the second quarter worth approximately $2,439,000. Principal Financial Group Inc. lifted its holdings in Paycom Software by 290.5% in the first quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock valued at $29,627,000 after buying an additional 181,346 shares during the period. Greenwich Wealth Management LLC bought a new position in Paycom Software in the second quarter valued at approximately $5,118,000. Corient Private Wealth LP bought a new position in Paycom Software in the second quarter valued at approximately $10,803,000. Finally, Syon Capital LLC grew its holdings in Paycom Software by 137.5% during the 2nd quarter. Syon Capital LLC now owns 7,117 shares of the software maker’s stock worth $894,000 after acquiring an additional 4,120 shares during the period. 87.77% of the stock is currently owned by institutional investors and hedge funds.

More Paycom Software News

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

• Positive Sentiment: Paycom beat third-quarter earnings expectations, with EPS of $3.37 versus the cited $2.76 consensus. Earnings growth, higher revenue, and margin gains were linked to wider adoption of automation; the company also raised its 2026 revenue and EBITDA guidance. Paycom Q3 Earnings Beat Estimates on Revenue Growth, Margin Gains
• Positive Sentiment: KeyCorp raised its price target to $297 and maintained an overweight rating, signaling confidence in further upside. KeyCorp recommendations
• Positive Sentiment: Paycom declared its first cash dividend, adding a shareholder-return component to the investment case. Paycom declares its first cash dividend
• Neutral Sentiment: JPMorgan raised its target slightly, from $264 to $265, but kept a neutral rating. JPMorgan recommendations
• Negative Sentiment: BTIG downgraded PAYC from buy to neutral, a more cautious view that could pressure shares despite the earnings beat. BTIG Research recommendations
• Negative Sentiment: Citigroup cut its target from $279 to $264 and retained a neutral rating. Other coverage also raised questions about whether Paycom’s shares are fully valued after a strong run, tempering the positive results. Citigroup recommendations Paycom stock could be rich despite raised guidance

Paycom Software Company Profile

Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.

The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.