Bank of America starts coverage on Paycom Software stock with USD 200 target

Published on 10/05/2026 at 14:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 531.20 million, up 9.80 percent year over year. Paycom Software stock costs EUR 196.95 on October 5, 2026 after EUR 196.38.

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Paycom Software (ISIN US70432V1026) was trading at EUR 196.95 at Lang & Schwarz on October 5, 2026 at 2:02 p.m. CEST, up 0.29 percent from the prior close of EUR 196.38. On September 29, MarketBeat reported that Bank of America began coverage of Paycom with an Underperform rating and a USD 200.00 price target.

Bank of America sets a cautious marker

The USD 200.00 target sits below Paycom's USD 220.99 NYSE close on October 2, 2026, creating a clear contrast with the euro quote from Lang & Schwarz. The target also trails the USD 213.93 consensus cited in the same MarketBeat report, showing that Bank of America's view is more cautious than the broader analyst picture.

KeyBanc offers the counterpoint. According to Investing.com on September 21, 2026, KeyBanc raised its target from USD 270.00 to USD 280.00 and maintained an Overweight rating.

Second-quarter growth beats consensus

Paycom's second-quarter 2026 revenue reached USD 531.20 million, up 9.80 percent from USD 483.60 million in the year-earlier quarter. Investing.com reported that recurring and other revenue rose 11.00 percent to USD 505.20 million, equal to 95.10 percent of total revenue.

Adjusted earnings per share reached USD 2.78 in the second quarter, compared with a USD 2.38 consensus estimate. The USD 0.40 difference matters because it places the analyst debate around margin durability and cash generation rather than near-term demand alone.

Stock remains below its yearly high

Paycom's NYSE 52-week range was USD 104.90 to USD 244.98 as of October 2, 2026, while market capitalization stood at USD 10.0 billion. The stock therefore remained below its yearly high even as the second-quarter revenue comparison showed double-digit growth in recurring and other revenue.

Yahoo Finance lists November 4, 2026 as Paycom's next earnings date, giving the market a defined checkpoint for testing the higher-growth narrative. Paycom describes its offering as a cloud-based human capital management platform spanning payroll, recruitment, time management and employee development.

EUR 196.95 quote at Lang & Schwarz

Paycom Software stock was trading at EUR 196.95 at Lang & Schwarz on October 5, 2026 at 2:02 p.m. CEST, plus 0.29 percent versus the prior close of EUR 196.38. The further course of trading is shown by the continuously updated real-time quote of Paycom Software stock.