Shares of Paycom Software Inc (NYSE:PAYC) have been assigned a consensus rating of “Buy” from the twenty ratings firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $83.87.
Several research firms recently weighed in on PAYC. Zacks Investment Research lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America assumed coverage on shares of Paycom Software in a research note on Monday, November 6th. They set a “buy” rating and a $92.00 price objective on the stock. Stifel Nicolaus restated a “buy” rating and issued a $85.00 target price on shares of Paycom Software in a research report on Friday, November 3rd. Barclays upped their target price on shares of Paycom Software from $82.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Finally, Oppenheimer restated a “buy” rating and issued a $88.00 target price (up previously from $75.00) on shares of Paycom Software in a research report on Wednesday, November 1st.
Paycom Software (PAYC) traded up $2.08 on Friday, reaching $83.11. 461,300 shares of the company traded hands, compared to its average volume of 440,833. The firm has a market capitalization of $4,960.00, a price-to-earnings ratio of 78.41, a price-to-earnings-growth ratio of 2.62 and a beta of 1.67. Paycom Software has a 52-week low of $42.52 and a 52-week high of $86.10. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21.
Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The firm had revenue of $101.30 million for the quarter, compared to analyst estimates of $100.47 million. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. Paycom Software’s quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. equities analysts anticipate that Paycom Software will post 0.82 EPS for the current year.
In other news, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total value of $868,120.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey D. York sold 50,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $79.97, for a total transaction of $3,998,500.00. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. 1st Global Advisors Inc. boosted its holdings in shares of Paycom Software by 1.4% in the second quarter. 1st Global Advisors Inc. now owns 5,567 shares of the software maker’s stock valued at $381,000 after acquiring an additional 75 shares in the last quarter. Suntrust Banks Inc. boosted its holdings in shares of Paycom Software by 0.6% in the second quarter. Suntrust Banks Inc. now owns 14,130 shares of the software maker’s stock valued at $966,000 after acquiring an additional 91 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Paycom Software by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after acquiring an additional 150 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Paycom Software by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock valued at $126,000 after acquiring an additional 167 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Paycom Software by 0.3% in the second quarter. Citigroup Inc. now owns 111,650 shares of the software maker’s stock valued at $7,638,000 after acquiring an additional 282 shares in the last quarter. Institutional investors and hedge funds own 88.41% of the company’s stock.
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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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