BTIG Raises Paycom Software (PAYC) Price Target to $305

By TradeTexts Research Desk Oct 26, 2026, 8:15 AM EDT

Key Points

BTIG increased its price target for Paycom Software, Inc. from $230 to $305, reflecting a significant upward revision in its outlook.
BTIG's $305 price target implies 11.07% upside from Paycom Software, Inc.'s ($PAYC) current $274.59 share price.
As of October 26, 2026, Paycom shares were recently trading at $274.59, just about equal to the closing price on October 23, 2026.
The stock is currently above its 50-day moving average by 18.6% and its 200-day moving average by 70.3%, indicating strong performance.

Get Paycom Software text alerts

We text you when insiders, Congress, analysts or big funds move on $PAYC.

By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.

Not investment advice. TradeTexts is not a registered investment adviser, and this automated Paycom Software, Inc. alert may contain errors. Disclosures

On October 26, 2026, BTIG raised its price target on Paycom Software, Inc. (PAYC) to $305 from $230 while maintaining a Buy rating. This update reflects BTIG's increased confidence in the company's growth prospects. The source of this information is BTIG's research note dated the same day.

PAYC Paycom Software, Inc.

$274.59 +81.46% year to date

Daily close · Oct 23, 2026

Analyst rating track record

BTIG vs. the S&P 500

YTD return +0.26% hypothetical

All-time return +0.26% S&P 500 +1.49%

vs. S&P 500 -1.23% behind the index

Hypothetical returns from BTIG's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in Paycom Software

Harris Associates L.P. holds 3,397,446 shares of Paycom, having increased its stake by 139,755 shares, valued at approximately $932.9 million. First Trust Advisors LP grew its holdings by 92,248 shares, bringing its total to 974,155 shares worth about $267.5 million. Two Sigma Investments, LP reduced its position by 346,735 shares, now holding 1,400,923 shares valued at around $384.7 million. Reinhart Partners, LLC decreased its stake by 190,678 shares, ending with 1,029,269 shares worth about $282.6 million. BAILLIE GIFFORD & CO trimmed its holdings by 561,872 shares, leaving it with 975,398 shares valued at approximately $267.8 million.

Paycom Software, Inc. Stock Up 0.7%

As of October 26, 2026, Paycom shares were trading at $274.59, which is about equal to their closing price of $274.59 on October 23, 2026. The stock is currently above its 50-day moving average by 18.6% and its 200-day moving average by 70.3%. However, it is slightly below its 52-week high of $275.22, indicating a strong performance overall.

12-month forecast

$PAYC price target

Paycom Software, Inc. daily closes and this analyst's $305 target. Not advice.

Recent Earnings

Paycom Software reported trailing twelve-month revenue of approximately $2.14 billion, with a net profit margin of 22.8% and return on equity of 41.1%. The next earnings report is expected on November 4, 2026.

Analysts Set New Price Targets

On October 26, 2026, BTIG maintained its Buy rating on Paycom Software and raised its price target to $305 from $230. Earlier, on October 23, 2026, Guggenheim also maintained a Buy rating and set its target at $300. The consensus recommendation for Paycom is currently a Hold, with a mean price target of $227.

About Paycom Software

Paycom Software, Inc. offers cloud-based human capital management solutions for small to mid-sized businesses in the U.S. Their software helps manage the employment life cycle from recruitment to retirement, which is crucial for companies looking to streamline their HR processes.

Bottom Line

Investors should keep an eye on Paycom's upcoming earnings report on November 4, 2026, and any further analyst updates. BTIG's recent target adjustment highlights growing optimism about the company's future performance.