Guggenheim Raises Paycom Software (PAYC) Price Target to $300

Guggenheim reiterated its Buy rating on Paycom Software, Inc. (NYSE: PAYC) and raised its price target from $225.00 to $300.00 on October 23, 2026. The research note arrived as Wall Street updates its views on the cloud-based human capital management software provider ahead of its upcoming financial reports. Guggenheim's new target sits notably above where the stock has traded recently, putting a bullish spin on the software firm's shares.

PAYC Paycom Software, Inc.

$274.80 ▲ +81.60% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Guggenheim's Call on Paycom Software

In its update on October 23, 2026, Guggenheim maintained its Buy rating while boosting its target by $75.00 from a previous level of $225.00. That fresh target stands out against a broader analyst backdrop where several other firms have also recalibrated their outlooks. UBS maintained a Buy rating and moved its target from $205.00 to $285.00 on September 1, 2026. Keybanc maintained an Overweight rating on September 21, 2026, lifting its target from $270.00 to $280.00. TD Cowen maintained a Buy rating on October 2, 2026, raising its target from $244.00 to $286.00. Barclays maintained an Equal-Weight rating on October 13, 2026, taking its target from $210.00 to $250.00. Across 17 analyst opinions tracked by the consensus, the mean price target sits at $222.58, with a recommendation key leaning toward hold.

Other Institutional Activity in Paycom Software

Large money managers have been actively rebalancing their holdings in Paycom. Harris Associates L.P. grew its holdings by 139,755 shares, ending with 3,397,446 shares worth about $934.2 million after a 4.3% increase reported for June 30, 2026. Two Sigma Investments, LP reduced its stake by 346,735 shares for a 19.8% decrease, holding 1,400,923 shares valued at about $385.2 million as of June 30, 2026. Reinhart Partners, LLC trimmed its position by 190,678 shares, marking a 15.6% decrease to finish with 1,029,269 shares worth about $283.0 million on September 30, 2026. BAILLIE GIFFORD & CO cut its stake by 561,872 shares, a 36.5% drop that left it with 975,398 shares valued at roughly $268.2 million on June 30, 2026. First Trust Advisors LP grew its holdings by 92,248 shares, representing a 10.5% increase to 974,155 shares worth about $267.9 million as of June 30, 2026.

Paycom Software, Inc. Stock Up 5.3%

Paycom shares recently traded around $274.96 as of October 23, 2026, matching its closing price of $274.96 on that same date. The stock trades above its 50-day moving average of $230.41 and far above its 200-day moving average of $160.62. The recent price sits near the top of its 52-week range, which runs from a low of $104.90 to a high of $273.37.

Recent Earnings

The company generated trailing twelve month revenue of $2.14 billion and reported trailing twelve month earnings of $9.87 per share. Paycom carries a net profit margin of 22.8% alongside a return on equity of 41.1%. Investors will look toward the company's next earnings report scheduled for November 4, 2026, for fresh details on software demand and operating margins.

Dividend

Paycom pays an annual dividend rate of $1.50 per share, delivering a dividend yield of 0.55%. The company allocates 15.9% of its earnings toward dividend payouts.

Insider Buying and Selling at Paycom Software, Inc.

Company insiders have executed several share dispositions over the past year. Chief Operating Officer Randall Peck sold 2,192 shares on December 5, 2025, for a total value of $363,541. Chief Financial Officer Robert D Foster sold 1,300 shares at an average price of $162.66 on December 10, 2025, totaling $211,458. Randall Peck executed another sale of 2,500 shares at $140.50 on May 18, 2026, worth $351,250. President Terrell Shane Hadlock disposed of 2,818 shares on August 28, 2026, for a total value of $670,163.

About Paycom Software

Paycom Software, Inc. is an Oklahoma City-based technology firm that builds cloud-based human capital management software for small and mid-sized businesses. Its applications help organizations handle the complete employment cycle, from the initial recruitment phase through payroll, talent management, and retirement. Because workforce management software represents a core operating expense for businesses, analyst updates on the company often focus on how well its platform retains subscribers in a competitive market.

Bottom Line

Guggenheim's decision to push its price target to $300.00 places it among the more optimistic voices following the stock. Investors will watch whether upcoming earnings on November 4, 2026, validate this bullish stance or if the share price cools off after trading near its 52-week highs.