Paycom Software, Inc. (NYSE:PAYC) had its target price lifted by Jefferies Group LLC from $85.00 to $95.00 in a research note published on Wednesday. Jefferies Group LLC currently has a buy rating on the software maker’s stock.
A number of other research firms have also issued reports on PAYC. Royal Bank Of Canada reissued a hold rating and set a $74.00 price target on shares of Paycom Software in a research report on Wednesday, October 18th. Robert W. Baird reaffirmed a buy rating and set a $78.00 price objective on shares of Paycom Software in a research note on Tuesday, September 12th. Barclays PLC reaffirmed a buy rating and set a $74.00 price objective on shares of Paycom Software in a research note on Wednesday, July 19th. Oppenheimer Holdings, Inc. raised their price objective on shares of Paycom Software from $65.00 to $75.00 and gave the stock an outperform rating in a research note on Wednesday, August 2nd. Finally, BidaskClub raised shares of Paycom Software from a buy rating to a strong-buy rating in a research note on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $82.94.
Paycom Software (NYSE PAYC) traded up $1.02 on Wednesday, reaching $80.29. 531,475 shares of the company’s stock were exchanged, compared to its average volume of 504,069. Paycom Software has a 12 month low of $39.15 and a 12 month high of $82.59. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. The stock has a market cap of $4,678.02, a price-to-earnings ratio of 75.04, a PEG ratio of 3.64 and a beta of 1.73.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. Paycom Software had a net margin of 15.37% and a return on equity of 46.01%. The company had revenue of $101.30 million during the quarter, compared to analyst estimates of $100.47 million. During the same period last year, the firm posted $0.15 EPS. Paycom Software’s revenue for the quarter was up 31.0% compared to the same quarter last year. equities research analysts anticipate that Paycom Software will post 0.82 EPS for the current fiscal year.
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In other Paycom Software news, insider Jeffrey D. York sold 40,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $74.81, for a total value of $2,992,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of Paycom Software stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total value of $821,920.00. The disclosure for this sale can be found here. Insiders sold a total of 61,000 shares of company stock worth $4,564,520 in the last 90 days. 17.90% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of PAYC. UBS Asset Management Americas Inc. raised its holdings in shares of Paycom Software by 47.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 24,424 shares of the software maker’s stock worth $1,405,000 after acquiring an additional 7,881 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Paycom Software by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 37,612 shares of the software maker’s stock worth $2,163,000 after acquiring an additional 744 shares during the period. Teachers Advisors LLC raised its holdings in shares of Paycom Software by 4.3% during the 1st quarter. Teachers Advisors LLC now owns 75,553 shares of the software maker’s stock worth $4,345,000 after acquiring an additional 3,088 shares during the period. Vanguard Group Inc. raised its holdings in shares of Paycom Software by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 3,491,526 shares of the software maker’s stock worth $200,798,000 after acquiring an additional 120,345 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Paycom Software by 4.1% during the 1st quarter. Geode Capital Management LLC now owns 336,814 shares of the software maker’s stock worth $19,370,000 after acquiring an additional 13,368 shares during the period. Institutional investors and hedge funds own 86.42% of the company’s stock.
Paycom Software Company Profile
Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.
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