Paycom Software Inc (NYSE:PAYC) reported upbeat earnings for the fourth quarter on Wednesday.
The company posted quarterly earnings of $2.45 per share which beat the analyst consensus estimate of $2.44 per share. The company reported quarterly sales of $544.300 million which beat the analyst consensus estimate of $543.009 million.
Paycom Software said it sees FY2026 sales of $2.175 billion to $2.195 billion, versus market estimates of $2.228 billion.
“We delivered strong results in 2025, exceeding our strategic and financial goals for the year by driving full solution automation and strengthening client retention to 91%,” said Paycom’s founder and CEO, Chad Richison. “Our commitment to world-class service and innovation—including the expansion of automated decisioning tools like IWant, Beti, and Gone—continues to set Paycom apart as the leader in our industry. With less than 5% of our total addressable market, we still have a long runway ahead of us.”
Paycom shares fell 11.4% to $105.09 in pre-market trading.
These analysts made changes to their price targets on Paycom following earnings announcement.
- BTIG analyst Allan Verkhovski maintained Paycom Software with a Buy and lowered the price target from $195 to $140.
- Mizuho analyst Siti Panigrahi maintained the stock with a Neutral and lowered the price target from $180 to $120.
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