Paycom Software Analysts Boost Their Forecasts Following Better-Than-Expected Q2 Earnings

Paycom Software Inc (NYSE: PAYC ) on Wednesday reported better-than-expected second-quarter financial results and raised its FY26 sales guidance.

Paycom Software posted adjusted earnings of $2.78 per share, beating market estimates of $2.38 per share.

The company’s sales came in at $531.200 million versus expectations of $513.101 million. “Our strong second-quarter results came in ahead of expectations, reflecting the strength of our automation strategy and disciplined execution,” said Paycom’s founder and CEO, Chad Richison. “We are building strong momentum through new product innovation and continued automation across our platform.

With these strong results we are raising our full year outlook.” Paycom Software raised its FY2026 sales guidance from $2.175 billion-$2.195 billion to $2.197 billion-$2.212 billion.

Paycom Software shares rose 14.1% to $199.50 in pre-market trading.

These analysts made changes to their price targets on Paycom Software following earnings announcement.

BTIG analyst Allan Verkhovski maintained the stock with a Buy and raised the price target from $160 to $230.

Cantor Fitzgerald analyst Matthew Vanvliet maintained the stock with a Neutral and raised the price target from $135 to $195.

Considering buying PAYC stock? Here’s what analysts think: Photo via Shutterstock