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Paycom ( (PAYC) ) just unveiled an update.
On Feb. 18, 2026, Paycom’s board appointed longtime executive Shane Hadlock as president and chief client officer, making him the company’s sole principal operating officer and increasing his base salary to $700,000. Chief Operating Officer Randy Peck will report to Hadlock, while founder Chad Richison remains CEO and chairman, formalizing a leadership structure that elevates client-focused and operational oversight at the senior level.
Hadlock, a 51-year-old technology veteran with nearly 14 years at Paycom and prior leadership experience at Hertz, has held key roles spanning IT, information security and client services, aligning him with the firm’s automation and innovation agenda. Also on Feb. 18, 2026, the board approved amended and restated bylaws that redefine the president’s duties to be directed by either the board or CEO and broaden the definition of “Principal Competitor,” changes that enhance governance flexibility and sharpen how Paycom evaluates rivals in its advance notice provisions.
On Feb. 19, 2026, Paycom issued a press release announcing Hadlock’s promotion and highlighting his role in driving strategic operations and cross-functional alignment. The move underscores the company’s emphasis on scaling its full-solution automation strategy and delivering additional return on investment to clients as it pursues long-term growth.
The most recent analyst rating on (PAYC) stock is a Buy with a $139.00 price target. To see the full list of analyst forecasts on Paycom stock, see the PAYC Stock Forecast page.
Spark’s Take on PAYC Stock
According to Spark, TipRanks’ AI Analyst, PAYC is a Outperform.
The score is driven primarily by strong financial quality (high margins, solid free cash flow, and a very conservative balance sheet) and a reasonable valuation with a dividend. Offsetting these positives, the stock’s technical setup is weak (below key moving averages with negative MACD), and 2026 guidance points to slower growth with heightened dependence on sales execution.
To see Spark’s full report on PAYC stock, click here.
More about Paycom
Paycom Software, Inc. is a leading provider of comprehensive, cloud-based human capital management software that automates HR and payroll processes from hire to retire. The company focuses on AI-driven, full-solution automation through a single database, serving businesses of all sizes in the U.S. and internationally for more than 25 years.
Its employee-first technology, including its AI engine IWant, is designed to simplify data access and drive efficiencies for clients and their employees. Paycom is recognized for its innovative technology and workplace culture, positioning it as a prominent player in the HR tech and payroll software industry.
Average Trading Volume: 1,176,713
Technical Sentiment Signal: Sell
Current Market Cap: $6.88B
For detailed information about PAYC stock, go to TipRanks’ Stock Analysis page.