Paycom Software (PAYC) PT Set at $101.00 by Northland Securities

Northland Securities set a $101.00 price target on Paycom Software (NYSE:PAYC) in a research note released on Thursday morning. The brokerage currently has a buy rating on the software maker’s stock.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research cut Paycom Software from a buy rating to a hold rating in a research note on Tuesday, January 2nd. Bank of America assumed coverage on Paycom Software in a research note on Monday, November 6th. They set a buy rating and a $92.00 target price for the company. Stifel Nicolaus reaffirmed a buy rating and set a $85.00 target price on shares of Paycom Software in a research note on Friday, November 3rd. Barclays raised their target price on Paycom Software from $82.00 to $87.00 and gave the company an overweight rating in a research note on Wednesday, November 1st. Finally, Oppenheimer reaffirmed a buy rating and set a $88.00 target price (up previously from $75.00) on shares of Paycom Software in a research note on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Paycom Software presently has an average rating of Buy and an average target price of $84.33.

Paycom Software (NYSE:PAYC) traded up $4.26 during trading hours on Thursday, hitting $88.75. The stock had a trading volume of 1,250,000 shares, compared to its average volume of 485,416. Paycom Software has a 12 month low of $42.52 and a 12 month high of $89.37. The company has a market capitalization of $5,250.00, a PE ratio of 83.73, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05.

Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.10. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The company had revenue of $101.30 million during the quarter, compared to analysts’ expectations of $100.47 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. equities analysts expect that Paycom Software will post 0.82 EPS for the current fiscal year.

In other news, CFO Craig E. Boelte sold 11,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $78.92, for a total transaction of $868,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey D. York sold 50,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $79.97, for a total value of $3,998,500.00. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in PAYC. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Paycom Software by 10.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock worth $126,000 after acquiring an additional 167 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Paycom Software by 7.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock worth $152,000 after acquiring an additional 150 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new stake in Paycom Software in the 3rd quarter worth about $164,000. Raymond James Trust N.A. purchased a new stake in Paycom Software in the 2nd quarter worth about $203,000. Finally, Concorde Asset Management LLC purchased a new stake in Paycom Software in the 3rd quarter worth about $254,000. 88.41% of the stock is owned by institutional investors and hedge funds.

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About Paycom Software

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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