Paycom Software is trading 4.85% lower at $261.28 before the October 26, 2026, open; available reporting identifies no specific catalyst. - No new company announcement is identified. Bank of America maintained a Sell rating and $200 price target on October 23, but the report does not establish that it drove the decline. - Supplied major-index moves are modestly positive, not a broad same-direction decline. - Paycom Software’s next quarterly results are scheduled after the close on November 4.