TD Cowen Rates Paycom Software (PAYC) buy, $149 Price Target

TD Cowen reaffirms its Buy rating on Paycom Software with a price target of $149, a 18.56% upside from the current price.

By EarningsIQ Research Desk · Published Jun 26, 2026, 1:02 PM EDT · Updated Jul 1, 2026, 7:02 AM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

TD Cowen rated Paycom Software, Inc. ($PAYC) "buy" with a $149 price target on June 26, 2026.

Since the rating, $PAYC is up 8.3% after 1 week, up 17.1% after 1 month and up 95.1% to date (from the $128.97 close on Jun 26, 2026).

PAYC Paycom Software, Inc.

$251.64 +66.30% year to date

Daily close · Oct 16, 2026

Key Points

TD Cowen reiterated its Buy rating on Paycom Software (NYSE:PAYC) with a $149 price target on June 26, 2026.
TD Cowen's $149 price target implies 18.56% upside from Paycom Software, Inc.'s ($PAYC) current $125.68 share price.
Paycom Software shares traded near $124.48 on Friday, with a market cap of approximately $5.8 billion and a P/E ratio of 14.4.
Insider trades include CEO Chad Richison's transactions on June 15, 2026, with 12,500 shares bought and sold.

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TD Cowen reiterated its Buy rating on Paycom Software, Inc. (NYSE:PAYC) on June 26, 2026. The analyst, Jared Levine, set a price target of $149, suggesting confidence in the company's future performance.

Analyst rating track record

TD Cowen vs. the S&P 500

YTD return -45.93% hypothetical

All-time return -13.73% S&P 500 +41.25%

vs. S&P 500 -54.98% behind the index

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

Paycom Software, Inc. Stock Down 44.5%

Shares of NYSE:PAYC traded near $124.48 on Friday. Paycom Software, with its headquarters in Oklahoma City, OK, has a market cap of about $5.8 billion. The company has a P/E ratio of 14.4 and a forward P/E of 10.1, reflecting investor expectations for earnings growth. The stock's 52-week range spans from $104.9 to $248.95, with recent moving averages at $132.51 over 50 days and $153.46 over 200 days. Paycom maintains a current ratio of 1.08 and a quick ratio of 0.08, with a debt-to-equity ratio of 94.07.

12-month forecast

$PAYC price target

Paycom Software, Inc. daily closes and this analyst's $149 target. Not advice.

Recent Earnings

For its most recent earnings report, Paycom Software posted revenue of approximately $2.09 billion, reflecting a growth rate of 7.8%. The company's earnings per share were $8.64, with a net margin of 22.44% and a return on equity of 37.15%. The next earnings release is scheduled for May 6, 2026.

Dividend

Paycom Software pays an annual dividend of $1.50 per share, yielding 1.21% at current prices. The company's dividend payout ratio stands at 17.36%.

Insider Buying and Selling at Paycom Software, Inc.

Several insider transactions occurred recently at Paycom Software. On June 15, 2026, CEO and Chairman Chad Richison both bought and sold 12,500 shares. Earlier, on May 18, 2026, Chief Operating Officer Randall Peck sold 2,500 shares at an average price of $140.5. President Terrell Shane Hadlock also sold 2,728 shares on May 10, 2026, at $138.44 per share.

Analysts Set New Price Targets

On June 26, 2026, TD Cowen maintained its Buy rating for Paycom Software with a price target of $149. Other recent ratings include Citigroup's Hold rating with a $136 target on May 7, 2026, and BTIG's Buy rating with a $160 target on the same date. The consensus among 16 analysts is a Buy, with an average target price of $151.44.

About Paycom Software

Paycom Software, Inc. provides cloud-based human capital management solutions to small and mid-sized companies in the United States. The company's software helps manage the employment life cycle, from recruitment to retirement, offering tools for payroll, talent acquisition, and time management. Founded in 1998, Paycom is led by CEO Chad R. Richison and employs around 5,770 people.

Bottom Line

TD Cowen's reaffirmation of its Buy rating on Paycom Software indicates confidence in the company's outlook. With a solid market position and recent insider activity, Paycom continues to be a company investors are watching closely. Remember, 13F filings and analyst ratings are backward-looking and reflect past decisions.