Paycom Software stock gains after KeyBanc lifts its target

Published on 09/22/2026 at 10:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Paycom Software stock closed at USD 226.28 on September 21, 2026, while KeyBanc raised its target to USD 280. Second-quarter revenue rose 10 percent.

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Paycom Software stock (ISIN US70432V1026) closed at USD 226.28 on the NYSE on September 21, 2026, up 0.10 percent from the prior close. The move followed a stronger operating picture in the second quarter and a higher valuation view from KeyBanc.

KeyBanc raises target to USD 280

According to Investing.com on September 21, 2026, KeyBanc raised its Paycom price target to USD 280 from USD 270 while maintaining an Overweight rating. The USD 10 increase represents a 3.7 percent uplift to the previous target and places the new target 23.7 percent above the September 21 closing price.

The same report said Paycom's adjusted EPS reached USD 2.78 in the second quarter, exceeding the USD 2.38 consensus estimate by USD 0.40. Revenue totaled USD 531.2 million, up 10 percent year over year and above the USD 513.08 million forecast by USD 18.12 million.

Recurring revenue reaches 95.1 percent

According to Investing.com on September 21, 2026, recurring and other revenue grew 11 percent year over year to USD 505.2 million. That amount represented 95.1 percent of total revenue, giving the quarter a recurring-revenue base of more than nine-tenths of reported sales.

The earnings comparison matters because the revenue beat was accompanied by an EPS beat of USD 0.40. The report also stated that Paycom raised its full-year guidance after the second-quarter performance, although the available market update did not specify the revised guidance range.

Stock remains below yearly high

Paycom closed September 21, 2026, at USD 226.28 after trading between USD 225.81 and USD 226.47. Volume reached 2.40 million shares, while the stock remained USD 18.70 below its 52-week high of USD 244.98 and USD 121.38 above its 52-week low of USD 104.90.

The market capitalization was approximately USD 10.21 billion in the September 21, 2026, market overview. The valuation signal is therefore mixed in a precise sense: the stock sits 7.6 percent below its yearly high, while KeyBanc's new target stands 23.7 percent above the latest close.

Paycom Software stock closes at USD 226.28

Paycom Software stock closed at USD 226.28 on the NYSE on September 21, 2026, with a daily gain of 0.10 percent. The price was recorded within the latest 52-week range of USD 104.90 to USD 244.98.