Paycom (PAYC)

• Market cap: $12.3B
• 1 day: 5.49%
• 5 days: 1.75%
• 1 month: 2.73%
• 3 months: -5.82%
• 6 months: 29.80%
• Year to date: 8.94%
• 1 year: 14.51%
• 5 years: 1.23%
• 10 years: 571.59%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Paycom is a fast-growing provider of payroll and human capital management software primarily targeting clients with 50-10,000 employees in the United States. Paycom was established in 1998 and services about 19,500 clients as of 2023, based on parent company grouping. Alongside its core payroll software, Paycom offers various HCM add-on modules, including time and attendance, talent management, and benefits administration.

Employees: 7,306

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

71% more first-time investments, than exits

New positions opened: 118 | Existing positions closed: 69

50% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 6 (+2) [Q4]

22% more capital invested

Capital invested by funds: $7.94B [Q3] → $9.69B (+$1.76B) [Q4]

5% more funds holding

Funds holding: 655 [Q3] → 690 (+35) [Q4]

1.58% less ownership

Funds ownership: 83.56% [Q3] → 81.98% (-1.58%) [Q4]

21% less repeat investments, than reductions

Existing positions increased: 212 | Existing positions reduced: 269

50% less call options, than puts

Call options by funds: $109M | Put options by funds: $218M

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $187 15% downside
• Avg. target: $216 1% downside
• High target: $245 12% upside

6 analyst ratings

• positive: 1 17%
• neutral: 5 83%
• negative: 0 0%

Keybanc Jason Celino 21% 1-year accuracy 10 / 47 met price target	12% upside $245	Overweight Upgraded	10 Mar 2025
Piper Sandler Arvind Ramnani 35% 1-year accuracy 23 / 65 met price target	2% upside $224	Neutral Maintained	14 Feb 2025
JP Morgan Mark Murphy 43% 1-year accuracy 21 / 49 met price target	9% downside $200	Neutral Maintained	13 Feb 2025
Stifel Brad Reback 28% 1-year accuracy 13 / 46 met price target	15% downside $187	Hold Maintained	13 Feb 2025
Barclays Raimo Lenschow 33% 1-year accuracy 27 / 82 met price target	1% upside $221	Equal-Weight Maintained	23 Jan 2025