Paycom Software Inc. (PAYC) shares reached a 52-week high of $233.10 on Tuesday, closing within 0.6% of the company’s all-time peak of $234.60 set earlier this year.
The stock has surged 86.63% over the past six months and is up 45.11% year-to-date, outpacing the broader market’s 2.51% annual gain. The advance follows the company’s second-quarter results, which exceeded analyst expectations on both earnings and revenue.
Adjusted earnings per share came in at $2.78, surpassing the consensus estimate of $2.38. Total revenue rose 10% year-over-year to $531.20 million, beating the projected $513.08 million. Recurring and other revenues, which accounted for 95.1% of total revenue, grew 11% to $505.20 million.
Analysts have responded with upward revisions to their price targets. Guggenheim maintained its buy rating while lifting its target to $225. BTIG also kept its buy rating and raised its target to $230. The stock’s recent performance reflects strong operational momentum, with the 52-week high underscoring investor confidence in Paycom’s growth trajectory.
