Jefferies Financial Group has significantly lowered its price target for Paycom Software (PAYC) to $130 from $190, marking a substantial 31.58% reduction. The firm, however, maintained its "Hold" rating on the stock. This adjustment follows Paycom's recent revenue miss and a cautious outlook for its fiscal year 2026 revenue. These factors have prompted similar downgrades from other analysts across the market. The stock is currently trading around $119.46, below the new target. This move by Jefferies reflects increased near-term volatility and a negative sentiment surrounding Paycom Software's financial trajectory.
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