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Paycom Software (PAYC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

PAYC Stock Forecast

Paycom Software stock forecast is as follows: an average price target of $182.50 (represents a -11.93% downside from PAYC’s last price of $207.23) and a rating consensus of 'Hold', based on 12 wall street analysts offering a 1-year stock forecast.

PAYC Price Target

The average price target for Paycom Software (PAYC) is $182.50 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $197.00 to $167.00. This represents a potential -11.93% downside from PAYC's last price of $207.23.

PAYC Analyst Ratings

Hold

According to 12 Wall Street analysts, Paycom Software's rating consensus is 'Hold'. The analyst rating breakdown for PAYC stock is 0 'Strong Buy' (0.00%), 5 'Buy' (41.67%), 7 'Hold' (58.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Paycom Software Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 31, 2024Daniel JesterBMO Capital$197.00$209.03-5.76%-4.94%
Oct 31, 2024Arvind RamnaniPiper Sandler$191.00$172.2510.89%-7.83%
Oct 31, 2024Samad SamanaJefferies$175.00$172.251.60%-15.55%
Aug 01, 2024Raimo LenschowBarclays$167.00$166.790.13%-19.41%
May 31, 2024Raimo LenschowBarclays$184.00$144.7627.10%-11.21%
May 06, 2024Siti PanigrahiMizuho Securities$170.00$171.29-0.75%-17.97%
Nov 01, 2023Arvind RamnaniPiper Sandler$185.00$150.6922.77%-10.73%
Nov 01, 2023Raimo LenschowBarclays$200.00$150.6932.72%-3.49%
Nov 01, 2023Daniel JesterBMO Capital$190.00$150.6926.09%-8.31%
Feb 08, 2023Barclays$336.00$314.916.70%62.14%
Feb 08, 2023Oppenheimer$400.00$344.5216.10%93.02%
Feb 08, 2023Piper Sandler$417.00$344.5221.04%101.23%
Jan 09, 2023MoffettNathanson$310.00$290.696.64%49.59%
Nov 02, 2022Steve EndersCitigroup$400.00$342.7116.72%93.02%
Aug 04, 2022Wolfe Research$400.00$352.3313.53%93.02%
Aug 03, 2022Daniel JesterBMO Capital$368.00$353.194.19%77.58%
Aug 03, 2022Credit Suisse$375.00$348.167.71%80.96%
Aug 03, 2022Oppenheimer$375.00$337.8610.99%80.96%
Aug 03, 2022Piper Sandler$387.00$337.8614.54%86.75%
Jul 18, 2022Barclays$308.00$309.90-0.61%48.63%
Jul 18, 2022Piper Sandler$361.00$301.8319.60%74.20%
Jun 23, 2022Josh BeckKeyBanc$340.00$280.5421.19%64.07%
May 23, 2022Jefferies$335.00$269.8224.16%61.66%
May 04, 2022Ryan MacDonaldNeedham$450.00$328.2037.11%117.15%
May 04, 2022Oppenheimer$350.00$288.4621.33%68.89%
Feb 08, 2022Mark MarconRobert W. Baird$440.00$335.0131.34%112.32%
Feb 08, 2022Siti PanigrahiMizuho Securities$350.00$335.014.47%68.89%
Feb 08, 2022Bhavin ShahDeutsche Bank$450.00$335.0134.32%117.15%
Jan 25, 2022Josh BeckKeyBanc$400.00$304.6731.29%93.02%
Jan 20, 2022Raimo LenschowBarclays$380.00$328.2715.76%83.37%
Oct 18, 2021Bryan BerginCowen & Co.$550.00$521.175.53%165.41%
May 05, 2021Matthew HedbergRBC Capital$430.00$341.0926.07%107.50%

The latest Paycom Software stock forecast, released on Oct 31, 2024 by Daniel Jester from BMO Capital, set a price target of $197.00, which represents a -5.76% decrease from the stock price at the time of the forecast ($209.03), and a -4.94% decrease from PAYC last price ($207.23).

Paycom Software Price Target by Period

1M3M12M
# Anlaysts-36
Avg Price Target-$187.67$180.67
Last Closing Price$207.23$207.23$207.23
Upside/Downside-100.00%-9.44%-12.82%

In the current month, the average price target of Paycom Software stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Paycom Software's last price of $207.23. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 31, 2024BMO CapitalMarket PerformMarket PerformHold
Oct 31, 2024Piper SandlerNeutralNeutralHold
Oct 31, 2024CitigroupNeutralNeutralHold
Oct 22, 2024JefferiesHoldHoldHold
Oct 11, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 23, 2024Cowen & Co.HoldHoldHold
Aug 01, 2024BMO CapitalMarket PerformMarket PerformHold
Aug 01, 2024Cowen & Co.HoldHoldHold
Aug 01, 2024BarclaysEqual-WeightEqual-WeightHold
Jun 20, 2024Cowen & Co.HoldHoldHold
Jun 03, 2024BMO CapitalMarket PerformMarket PerformHold
May 02, 2024CitigroupNeutralNeutralHold
Feb 08, 2024Piper SandlerNeutralNeutralHold
Jan 31, 2024UBSBuyBuyHold
Jan 31, 2024Piper SandlerUnderperformUnderperformHold
Jan 05, 2024UBSMarket PerformMarket PerformHold
Jan 05, 2024Sandler O'NeillUnderperformUnderperformHold
Nov 01, 2023BarclaysEqual-WeightEqual-WeightHold
Nov 01, 2023BMO CapitalMarket PerformMarket PerformHold
Nov 01, 2023OppenheimerOutperformPerformDowngrade
Nov 01, 2023Piper SandlerOverweightNeutralDowngrade
Mar 30, 2023Evercore ISIOutperformUpgrade
Mar 30, 2023Wells FargoEqual-WeightDowngrade
Feb 08, 2023BarclaysEqual-WeightEqual-WeightHold
Feb 08, 2023OppenheimerOutperformOutperformHold
Feb 08, 2023Piper SandlerOverweightOverweightHold
Jan 10, 2023BarclaysEqual-WeightEqual-WeightHold
Jan 09, 2023MoffettNathansonUnderperformInitialise
Aug 04, 2022Wolfe ResearchOutperformOutperformHold
Aug 03, 2022Credit SuisseOutperformOutperformHold
Aug 03, 2022OppenheimerOutperformOutperformHold
Jul 18, 2022BarclaysEqual-WeightEqual-WeightHold
Jul 18, 2022Piper SandlerOverweightOverweightHold
Jun 23, 2022KeyBancOverweightOverweightHold
May 23, 2022JefferiesBuyBuyHold
Oct 11, 2020OppenheimerBuyUpgrade

Paycom Software's last stock rating was published by BMO Capital on Oct 31, 2024. The company gave PAYC a "Market Perform" rating, the same as its previous rate.

Paycom Software Financial Forecast

Paycom Software Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$434.60M$406.30M$401.14M$451.64M$370.61M$334.17M$316.92M$353.52M$284.99M$256.19M$242.15M$272.20M$220.95M$196.53M$181.59M$242.37M$193.41M$175.01M
Avg Forecast$589.02M$551.59M$533.99M$608.76M$531.02M$498.59M$482.89M$552.08M$481.16M$447.25M$436.87M$495.94M$422.50M$410.46M$398.13M$444.25M$367.08M$328.09M$309.09M$343.07M$276.58M$250.32M$232.12M$271.34M$213.57M$192.02M$183.60M$238.27M$190.34M$171.46M
High Forecast$593.93M$556.19M$538.44M$613.83M$535.44M$502.74M$486.91M$558.31M$483.40M$447.40M$437.09M$495.94M$424.01M$410.98M$401.44M$447.95M$370.13M$328.09M$309.09M$343.07M$276.58M$250.32M$232.12M$271.34M$213.57M$192.02M$183.60M$238.27M$190.34M$171.46M
Low Forecast$585.57M$548.37M$530.87M$605.20M$527.91M$495.67M$480.07M$547.44M$480.20M$447.11M$436.65M$495.94M$421.11M$409.94M$395.80M$441.65M$364.93M$328.09M$309.09M$343.07M$276.58M$250.32M$232.12M$271.34M$213.57M$192.02M$183.60M$238.27M$190.34M$171.46M
# Analysts10755854111379910168912778138891399988
Surprise %------------1.03%0.99%1.01%1.02%1.01%1.02%1.03%1.03%1.03%1.02%1.04%1.00%1.03%1.02%0.99%1.02%1.02%1.02%

Paycom Software's average Quarter revenue forecast for Mar 24 based on 9 analysts is $495.94M, with a low forecast of $495.94M, and a high forecast of $495.94M. PAYC's average Quarter revenue forecast represents a 14.12% increase compared to the company's last Quarter revenue of $434.60M (Dec 23).

Paycom Software EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts10755854111379910168912778138891399988
EBITDA------------$125.94M$131.21M$105.06M$192.71M$139.85M$99.87M$95.76M$149.33M$88.97M$60.87M$63.25M$110.09M$50.90M$48.06M$39.81M$100.55M$72.83M$61.72M
Avg Forecast$179.57M$168.16M$162.80M$185.59M$161.89M$152.00M$147.22M$168.31M$146.69M$136.35M$133.19M$165.21M$128.81M$125.13M$121.38M$150.19M$91.51M$108.63M$102.34M$136.53M$91.57M$82.88M$76.85M$106.21M$70.71M$63.58M$60.79M$94.96M$63.02M$56.77M
High Forecast$181.07M$169.56M$164.15M$187.13M$163.24M$153.27M$148.44M$170.21M$147.37M$136.40M$133.25M$198.25M$129.27M$125.29M$122.39M$180.22M$109.81M$108.63M$102.34M$163.84M$91.57M$82.88M$76.85M$127.46M$70.71M$63.58M$60.79M$113.96M$63.02M$56.77M
Low Forecast$178.52M$167.18M$161.84M$184.50M$160.94M$151.11M$146.36M$166.90M$146.40M$136.31M$133.12M$132.16M$128.38M$124.98M$120.67M$120.15M$73.21M$108.63M$102.34M$109.23M$91.57M$82.88M$76.85M$84.97M$70.71M$63.58M$60.79M$75.97M$63.02M$56.77M
Surprise %------------0.98%1.05%0.87%1.28%1.53%0.92%0.94%1.09%0.97%0.73%0.82%1.04%0.72%0.76%0.65%1.06%1.16%1.09%

9 analysts predict PAYC's average Quarter EBITDA for Mar 24 to be $165.21M, with a high of $198.25M and a low of $132.16M. This is 31.18% upper than Paycom Software's previous annual EBITDA (Dec 23) of $125.94M.

Paycom Software Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts10755854111379910168912778138891399988
Net Income------------$81.76M$75.22M$64.52M$119.30M$79.95M$52.15M$57.35M$91.93M$48.69M$30.38M$52.28M$64.62M$24.37M$27.48M$28.59M$63.02M$45.38M$39.15M
Avg Forecast$138.08M$123.55M$115.15M$169.12M$122.90M$108.96M$102.68M$153.21M$110.25M$89.83M$90.56M$101.70M$99.59M$90.92M$89.31M$92.46M$50.08M$67.23M$63.65M$84.05M$61.47M$51.23M$47.31M$62.34M$45.09M$31.44M$35.37M$59.51M$43.96M$38.09M
High Forecast$139.57M$124.88M$116.40M$170.95M$124.23M$110.13M$103.79M$157.73M$113.57M$91.86M$90.76M$122.04M$102.39M$93.75M$90.28M$110.95M$60.09M$69.71M$64.60M$100.86M$61.47M$51.23M$47.31M$74.81M$45.09M$31.44M$35.37M$71.42M$43.96M$38.09M
Low Forecast$137.03M$122.61M$114.28M$167.83M$121.97M$108.13M$101.90M$143.60M$106.92M$87.80M$90.36M$81.36M$92.32M$89.79M$88.63M$73.96M$40.06M$64.74M$62.71M$67.24M$61.47M$51.23M$47.31M$49.87M$45.09M$31.44M$35.37M$47.61M$43.96M$38.09M
Surprise %------------0.82%0.83%0.72%1.29%1.60%0.78%0.90%1.09%0.79%0.59%1.11%1.04%0.54%0.87%0.81%1.06%1.03%1.03%

Paycom Software's average Quarter net income forecast for Mar 24 is $101.70M, with a range of $81.36M to $122.04M. PAYC's average Quarter net income forecast represents a 24.39% increase compared to the company's last Quarter net income of $81.76M (Dec 23).

Paycom Software SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts10755854111379910168912778138891399988
SG&A------------$181.19M$172.99M$182.40M$169.18M$152.75M$151.81M$145.64M$135.50M$125.11M$129.72M$122.04M$108.95M$119.20M$102.66M$96.90M$95.15M$80.15M$72.79M
Avg Forecast$260.43M$243.88M$236.10M$269.16M$234.79M$220.45M$213.51M$244.10M$212.74M$197.75M$193.16M$149.90M$186.81M$181.48M$176.03M$136.27M$128.69M$145.06M$136.66M$123.89M$122.29M$110.68M$102.63M$105.12M$94.43M$84.90M$81.18M$89.87M$84.16M$75.81M
High Forecast$262.60M$245.91M$238.07M$271.40M$236.74M$222.28M$215.29M$246.85M$213.73M$197.81M$193.26M$179.88M$187.47M$181.71M$177.50M$163.53M$154.43M$145.06M$136.66M$148.66M$122.29M$110.68M$102.63M$126.14M$94.43M$84.90M$81.18M$107.84M$84.16M$75.81M
Low Forecast$258.91M$242.46M$234.72M$267.58M$233.41M$219.16M$212.26M$242.05M$212.32M$197.69M$193.06M$119.92M$186.19M$181.25M$175.00M$109.02M$102.95M$145.06M$136.66M$99.11M$122.29M$110.68M$102.63M$84.09M$94.43M$84.90M$81.18M$71.89M$84.16M$75.81M
Surprise %------------0.97%0.95%1.04%1.24%1.19%1.05%1.07%1.09%1.02%1.17%1.19%1.04%1.26%1.21%1.19%1.06%0.95%0.96%

Paycom Software's average Quarter SG&A projection for Mar 24 is $149.90M, based on 9 Wall Street analysts, with a range of $119.92M to $179.88M. The forecast indicates a -17.27% fall compared to PAYC last annual SG&A of $181.19M (Dec 23).

Paycom Software EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts10755854111379910168912778138891399988
EPS------------$1.43$1.30$1.11$2.06$1.38$0.90$0.99$1.58$0.84$0.52$0.90$1.12$0.42$0.48$0.50$1.09$0.79$0.68
Avg Forecast$2.47$2.21$2.06$3.02$2.20$1.95$1.83$2.74$1.97$1.61$1.62$2.45$1.78$1.62$1.60$2.36$1.48$1.18$1.12$1.75$1.08$0.90$0.83$1.42$0.79$0.55$0.62$1.26$0.77$0.67
High Forecast$2.49$2.23$2.08$3.05$2.22$1.97$1.85$2.82$2.03$1.64$1.62$2.45$1.83$1.68$1.61$2.38$1.50$1.23$1.14$1.75$1.08$0.90$0.83$1.42$0.79$0.55$0.62$1.26$0.77$0.67
Low Forecast$2.45$2.19$2.04$3.00$2.18$1.93$1.82$2.57$1.91$1.57$1.61$2.45$1.65$1.60$1.58$2.34$1.47$1.14$1.10$1.75$1.08$0.90$0.83$1.42$0.79$0.55$0.62$1.26$0.77$0.67
Surprise %------------0.80%0.80%0.70%0.87%0.93%0.76%0.88%0.90%0.78%0.58%1.08%0.79%0.53%0.87%0.80%0.87%1.02%1.01%

According to 9 Wall Street analysts, Paycom Software's projected average Quarter EPS for Mar 24 is $2.45, with a low estimate of $2.45 and a high estimate of $2.45. This represents a 71.20% increase compared to PAYC previous annual EPS of $1.43 (Dec 23).

Paycom Software Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
INTUIntuit$677.77$744.009.77%Buy
WDAYWorkday$278.01$289.504.13%Buy
CRMSalesforce$350.97$338.33-3.60%Buy
SNOWSnowflake$170.81$164.58-3.65%Buy
DDOGDatadog$156.91$148.25-5.52%Buy
TTDTrade Desk$135.02$123.63-8.44%Buy
HUBSHubSpot$741.67$671.25-9.49%Buy
NOWServiceNow$1.11K$973.56-12.66%Buy
UUnity Software$24.66$21.33-13.50%Hold
TEAMAtlassian$269.79$231.46-14.21%Buy
SHOPShopify$119.49$98.43-17.62%Buy
PAYCPaycom Software$232.97$182.50-21.66%Hold

PAYC Forecast FAQ

Is Paycom Software a good buy?

No, according to 12 Wall Street analysts, Paycom Software (PAYC) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 41.67% of PAYC's total ratings.

What is PAYC's price target?

Paycom Software (PAYC) average price target is $182.5 with a range of $167 to $197, implying a -11.93% from its last price of $207.23. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Paycom Software stock go up soon?

According to Wall Street analysts' prediction for PAYC stock, the company can go down by -11.93% (from the last price of $207.23 to the average price target of $182.5), down by -4.94% based on the highest stock price target, and down by -19.41% based on the lowest stock price target.

Can Paycom Software stock reach $300?

PAYC's average twelve months analyst stock price target of $182.5 does not support the claim that Paycom Software can reach $300 in the near future.

What are Paycom Software's analysts' financial forecasts?

Paycom Software's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.06B (high $2.08B, low $2.05B), average EBITDA is $629.42M (high $635.16M, low $625.31M), average net income is $487.75M (high $495.89M, low $475.59M), average SG&A $912.84M (high $921.16M, low $906.88M), and average EPS is $8.72 (high $8.86, low $8.5). PAYC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.28B (high $2.3B, low $2.27B), average EBITDA is $696.12M (high $701.92M, low $692.05M), average net income is $545.9M (high $551.81M, low $541.74M), average SG&A $1.01B (high $1.02B, low $1B), and average EPS is $9.75 (high $9.86, low $9.68).

Did the PAYC's actual financial results beat the analysts' financial forecasts?

Based on Paycom Software's last annual report (Dec 2023), the company's revenue was $1.69B, beating the average analysts forecast of $1.68B by 1.09%. Apple's EBITDA was $523.06M, missing the average prediction of $525.5M by -0.46%. The company's net income was $340.79M, missing the average estimation of $372.28M by -8.46%. Apple's SG&A was $705.75M, beating the average forecast of $680.59M by 3.70%. Lastly, the company's EPS was $5.91, missing the average prediction of $7.36 by -19.66%. In terms of the last quarterly report (Dec 2023), Paycom Software's revenue was $434.6M, beating the average analysts' forecast of $422.5M by 2.86%. The company's EBITDA was $125.94M, missing the average prediction of $128.81M by -2.23%. Paycom Software's net income was $81.76M, missing the average estimation of $99.59M by -17.91%. The company's SG&A was $181.19M, missing the average forecast of $186.81M by -3.01%. Lastly, the company's EPS was $1.43, missing the average prediction of $1.78 by -19.64%