$PAYC

Bank of America warns that AI agents like Meta's Muse and OpenAI's Dots may disrupt software companies serving consumers and SMBs, citing potential replacement of standalone tools. The bank lists Asana, monday.com, BlackLine, Dropbox, HubSpot, Intuit, Paycom, Paylocity, and Zoom as vulnerable. It also notes that AI adoption could benefit CoreWeave, Nebius, Oracle, Datadog, Dynatrace, Microsoft, MongoDB, and Shopify.

Analysts from Barclays and KeyBanc maintained ratings on CDW (Hold, $148 PT), HubSpot (Buy, $240 PT), and Paycom (Buy, $280 PT). CDW has a Moderate Buy consensus ($159.67 PT), HubSpot a Moderate Buy ($248.88 PT), and Paycom a Moderate Buy ($220.33 PT).

KeyBanc raised its price target for Paycom Software (NYSE:PAYC) to $280 from $270, citing confidence in its margin expansion and product innovation. The firm noted Paycom's 88% gross profit margin and raised free cash flow estimates. Paycom reported Q2 earnings of $2.78 per share, beating estimates, and raised full-year guidance. Several other firms also increased their price targets for the company.

BMO Capital Markets raised price targets for Paychex (to $118), Paycom (to $235), and Wolters Kluwer (to $82), citing a positive outlook for human capital management and payroll stocks due to improved labor market conditions. The firm noted that payroll services remain resilient despite AI advancements. BMO expects Paychex to report moderate revenue upside and strong earnings performance later this month.

Paycom (NYSE:PAYC) reported Q2 revenue of $531.2M, up 9.8% YoY, beating estimates by 3.5%. Paychex (NASDAQ:PAYX) reported $1.61B in revenue, up 12.5% YoY, in line with expectations. Paylocity (NASDAQ:PCTY) reported $444.7M in revenue, up 11% YoY, beating estimates by 3.1%. All three stocks have risen since reporting results.

Paycom (PAYC) reported Q2 2026 revenue of $531M (+10% YoY) and GAAP net income of $107M (+20% YoY). The company raised full-year revenue and adjusted EBITDA guidance to $2.212B and $1.022B, respectively. PAYC shares are up 51% YTD, with strong institutional support and positive fundamental trends.

Paycom raised full-year guidance, with its stock up 36.2% since reporting. Intuit reported $4.35B revenue, up 13.7% YoY, but missed EPS guidance, causing a 3.4% stock decline. BILL reported $436.2M revenue, up 13.8% YoY, with mixed guidance. Marqeta reported $176M revenue, up 17% YoY, but missed revenue guidance, causing a 9.2% stock decline.

Paycom Software (PAYC) repurchased 20% of its shares for $1.4 billion, funded partly by a $900 million credit line. The stock rose 98.81% from April to August 2026. Q2 revenue grew 10% to $531 million, and adjusted EBITDA guidance was raised to $1.007 billion to $1.022 billion. The company cut R&D expenses and expects $650 million in free cash flow for the year.

UBS raised its price target on Paycom Software (NYSE:PAYC) to $285 from $205, citing progress in its transformation and strong execution. The stock has gained 50% year-to-date, with shares trading at $239.10. Paycom reported Q2 2026 revenue of $531.2M, beating estimates, and raised its full-year guidance. Analysts Guggenheim and BTIG also increased their price targets.

Hadlock Terrell Shane (President/Chief Client Officer) sold 2,818 shares of Paycom Software, Inc. (PAYC) at an average of $237.82 ($237.00–$240.07, $0.67M total) across 3 trades over 2026-08-27 to 2026-08-28.