Paycom Jumps After Q2 Beat and Higher 2026 Outlook

Paycom Software, Inc. (PAYC) is up 22.2% today. Here is some analysis on what might have caused this price movement.

Analysis: Paycom appears to be rallying after delivering a strong second-quarter report that beat profit and revenue expectations and after raising its full-year 2026 outlook. Investors also seem to be reacting to improving margins, large ongoing share repurchases, and management’s message that automation and AI-related efficiency gains are helping profitability.

Details:

Second-quarter revenue was $531.2 million, up 9.8% year over year, while non-GAAP earnings were $2.78 per diluted share.

Consensus figures on the earnings report page showed Paycom beat expectations on both earnings and revenue, which likely helped drive the sharp move higher.

Management raised 2026 guidance to revenue of $2.197 billion to $2.212 billion and adjusted EBITDA of $1.007 billion to $1.022 billion, above the ranges it reaffirmed after first-quarter results.

During the quarter, Paycom repurchased about 2.57 million shares for $345.9 million, and management highlighted further efficiency benefits from automation and internally hosted AI models.

Sources:

Paycom, MarketBeat, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$PAYC Hedge Fund Activity

We have seen 280 institutional investors add shares of $PAYC stock to their portfolio, and 431 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 2,111,515 shares (+53.7%) to their portfolio in Q1 2026, for an estimated $256,633,533
TWO SIGMA INVESTMENTS, LP added 1,453,710 shares (+494.5%) to their portfolio in Q1 2026, for an estimated $176,683,913
FIRST TRUST ADVISORS LP removed 783,648 shares (-47.1%) from their portfolio in Q1 2026, for an estimated $95,244,577
FMR LLC removed 467,831 shares (-28.1%) from their portfolio in Q1 2026, for an estimated $56,860,179
ALLIANZ ASSET MANAGEMENT GMBH removed 444,338 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $54,004,840
STATE STREET CORP removed 438,597 shares (-20.3%) from their portfolio in Q1 2026, for an estimated $53,307,079
CONTOUR ASSET MANAGEMENT LLC removed 378,595 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $46,014,436

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$PAYC Government Contracts

We have seen $108,048 of award payments to $PAYC over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

PAYROLL PROCESSING SERVICES FOR THE UNITED STATES AGENCY FOR GLOBAL MEDIA: $108,048

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$PAYC Congressional Stock Trading

Members of Congress have traded $PAYC stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $PAYC stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 03/13 and 1 sale worth up to $15,000 on 04/14.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$PAYC Analyst Ratings

Wall Street analysts have issued reports on $PAYC in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

TD Cowen issued a "Buy" rating on 05/07/2026
BTIG issued a "Buy" rating on 02/12/2026

To track analyst ratings and price targets for $PAYC, check out Quiver Quantitative's $PAYC forecast page.

$PAYC Price Targets

Multiple analysts have issued price targets for $PAYC recently. We have seen 11 analysts offer price targets for $PAYC in the last 6 months, with a median target of $148.0.

Here are some recent targets:

Jared Levine from TD Cowen set a target price of $149.0 on 06/26/2026
Allan Verkhovski from BTIG set a target price of $160.0 on 05/07/2026
Siti Panigrahi from Mizuho set a target price of $130.0 on 05/07/2026
Raimo Lenschow from Barclays set a target price of $148.0 on 05/07/2026
Steven Enders from Citigroup set a target price of $136.0 on 05/07/2026
Kevin Mcveigh from UBS set a target price of $183.0 on 04/21/2026
Matthew Vanvliet from Cantor Fitzgerald set a target price of $135.0 on 03/06/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.