Paycom Software Analysts Boost Their Forecasts After Better-Than-Expected Results

Benzinga

05-08

Paycom Software, Inc. (NYSE:PAYC) reported better-than-expected earnings for the first quarter on Wednesday.

The company posted quarterly earnings of $2.80 per share which beat the analyst consensus estimate of $2.56 per share. The company reported quarterly sales of $530.50 million which beat the analyst consensus estimate of $524.95 million.

“We delivered strong results in the first quarter, led by our differentiated approach to automation, strong sales execution and operational efficiency gains,” said Paycom founder, CEO and chairman, Chad Richison. “Our investments in automation, client ROI achievement and world-class service are paying off. With our accelerating momentum and expanding margins, I am pleased to be able to raise our outlook for 2025.”

Paycom Software raised its FY2025 sales outlook from $2.02 billion-$2.04 billion to $2.02 billion-$2.04 billion.

Paycom Software shares gained 6.6% to trade at $243.83 on Thursday.

These analysts made changes to their price targets on Paycom Software following earnings announcement.

Piper Sandler analyst Arvind Ramnani maintained Paycom Software with a Neutral and raised the price target from $224 to $246.
Stifel analyst Brad Reback maintained the stock with a Hold and raised the price target from $187 to $215.
Needham analyst Joshua Reilly, meanwhile, reiterated Paycom Software with a Hold rating.

Considering buying PAYC stock? Here’s what analysts think:

Read This Next:

How To Earn $500 A Month From McKesson Stock Ahead Of Q4 Earnings

Photo via Shutterstock

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(NYSE:PAYC) reported better-than-expected earnings for the first quarter on Wednesday.</p>\n<p>The company posted quarterly earnings of $2.80 per share which beat the analyst consensus estimate of $2.56 per share. The company reported quarterly sales of $530.50 million which beat the analyst consensus estimate of $524.95 million.</p>\n<p>“We delivered strong results in the first quarter, led by our differentiated approach to automation, strong sales execution and operational efficiency gains,” said Paycom founder, CEO and chairman, Chad Richison. “Our investments in automation, client ROI achievement and world-class service are paying off. With our accelerating momentum and expanding margins, I am pleased to be able to raise our outlook for 2025.”</p>\n<p>Paycom Software raised its FY2025 sales outlook from $2.02 billion-$2.04 billion to $2.02 billion-$2.04 billion.</p>\n<p>Paycom Software shares gained 6.6% to trade at $243.83 on Thursday.</p>\n<p>These analysts made changes to their price targets on Paycom Software following earnings announcement.</p>\n<ul>\n<li>Piper Sandler analyst Arvind Ramnani maintained Paycom Software with a Neutral and raised the price target from $224 to $246.</li>\n<li>Stifel analyst Brad Reback maintained the stock with a Hold and raised the price target from $187 to $215.</li>\n<li>Needham analyst Joshua Reilly, meanwhile, reiterated Paycom Software with a Hold rating.</li>\n</ul>\n<p><strong>Considering buying PAYC stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"570\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08102607/image-87-1024x570.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08102607/image-87-1024x570.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08102607/image-87-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08102607/image-87-768x428.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08102607/image-87.png 1077w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>How To Earn $500 A Month From McKesson Stock Ahead Of Q4 Earnings</strong> </li>\n</ul>\n<p>Photo via Shutterstock</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Paycom Software Analysts Boost Their Forecasts After Better-Than-Expected Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPaycom Software Analysts Boost Their Forecasts After Better-Than-Expected Results\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2025-05-08 22:28</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<html><body><p><strong>Paycom Software, Inc</strong>. (NYSE:PAYC) reported better-than-expected earnings for the first quarter on Wednesday.</p>\n<p>The company posted quarterly earnings of $2.80 per share which beat the analyst consensus estimate of $2.56 per share. The company reported quarterly sales of $530.50 million which beat the analyst consensus estimate of $524.95 million.</p>\n<p>“We delivered strong results in the first quarter, led by our differentiated approach to automation, strong sales execution and operational efficiency gains,” said Paycom founder, CEO and chairman, Chad Richison. “Our investments in automation, client ROI achievement and world-class service are paying off. With our accelerating momentum and expanding margins, I am pleased to be able to raise our outlook for 2025.”</p>\n<p>Paycom Software raised its FY2025 sales outlook from $2.02 billion-$2.04 billion to $2.02 billion-$2.04 billion.</p>\n<p>Paycom Software shares gained 6.6% to trade at $243.83 on Thursday.</p>\n<p>These analysts made changes to their price targets on Paycom Software following earnings announcement.</p>\n<ul>\n<li>Piper Sandler analyst Arvind Ramnani maintained Paycom Software with a Neutral and raised the price target from $224 to $246.</li>\n<li>Stifel analyst Brad Reback maintained the stock with a Hold and raised the price target from $187 to $215.</li>\n<li>Needham analyst Joshua Reilly, meanwhile, reiterated Paycom Software with a Hold rating.</li>\n</ul>\n<p><strong>Considering buying PAYC stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"570\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08102607/image-87-1024x570.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08102607/image-87-1024x570.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08102607/image-87-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08102607/image-87-768x428.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08102607/image-87.png 1077w\" width=\"1024\"/></figure>\n<p><strong>Read This Next: </strong></p>\n<ul>\n<li><strong>How To Earn $500 A Month From McKesson Stock Ahead Of Q4 Earnings</strong> </li>\n</ul>\n<p>Photo via Shutterstock</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PAYC","symbol_name":"Paycom Software, Inc.","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/25/05/45288871/paycom-software-analysts-boost-their-forecasts-after-better-than-expected-results","article_id":"2533134979","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533134979","pubTimestamp":1746714532,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PAYC":"Paycom Software, Inc.","BK4585":"ETF&股票定投概念","BK4528":"SaaS概念","BK4588":"碎股","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","BK4130":"人力资源与就业服务","BK4023":"应用软件","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC"},"translate_title":"Paycom Software分析师在业绩好于预期后上调了预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PAYC":1},"content_text":"Paycom Software, Inc. (NYSE:PAYC) reported better-than-expected earnings for the first quarter on Wednesday.\nThe company posted quarterly earnings of $2.80 per share which beat the analyst consensus estimate of $2.56 per share. The company reported quarterly sales of $530.50 million which beat the analyst consensus estimate of $524.95 million.\n“We delivered strong results in the first quarter, led by our differentiated approach to automation, strong sales execution and operational efficiency gains,” said Paycom founder, CEO and chairman, Chad Richison. “Our investments in automation, client ROI achievement and world-class service are paying off. With our accelerating momentum and expanding margins, I am pleased to be able to raise our outlook for 2025.”\nPaycom Software raised its FY2025 sales outlook from $2.02 billion-$2.04 billion to $2.02 billion-$2.04 billion.\nPaycom Software shares gained 6.6% to trade at $243.83 on Thursday.\nThese analysts made changes to their price targets on Paycom Software following earnings announcement.\n\nPiper Sandler analyst Arvind Ramnani maintained Paycom Software with a Neutral and raised the price target from $224 to $246.\nStifel analyst Brad Reback maintained the stock with a Hold and raised the price target from $187 to $215.\nNeedham analyst Joshua Reilly, meanwhile, reiterated Paycom Software with a Hold rating.\n\nConsidering buying PAYC stock? Here’s what analysts think: \n\nRead This Next: \n\nHow To Earn $500 A Month From McKesson Stock Ahead Of Q4 Earnings \n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}