Other equities research analysts have also issued reports about the company. Oppenheimer restated a buy rating and issued a $88.00 price objective (up from $75.00) on shares of Paycom Software in a research note on Wednesday, November 1st. Wells Fargo & Co set a $89.00 price objective on Paycom Software and gave the stock a buy rating in a research note on Wednesday, November 1st. Robert W. Baird reiterated a buy rating and issued a $82.00 price target on shares of Paycom Software in a research note on Wednesday, November 1st. Jefferies Group increased their price target on Paycom Software from $85.00 to $95.00 and gave the stock a buy rating in a research note on Wednesday, November 1st. Finally, Dougherty & Co initiated coverage on Paycom Software in a research note on Tuesday, October 31st. They issued a buy rating and a $100.00 price target for the company. Six 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 stock. Paycom Software presently has a consensus rating of Buy and an average target price of $84.33.
Shares of Paycom Software (NYSE:PAYC) opened at $88.75 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $5,170.93, a price-to-earnings ratio of 82.94, a PEG ratio of 2.87 and a beta of 1.68. Paycom Software has a 12 month low of $42.52 and a 12 month high of $89.37.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Tuesday, October 31st. The software maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. The firm had revenue of $101.30 million during the quarter, compared to analyst estimates of $100.47 million. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. Paycom Software’s revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. research analysts anticipate that Paycom Software will post 0.82 earnings per share for the current fiscal year.
In other news, insider Jeffrey D. York sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $79.97, for a total transaction of $3,998,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total value of $868,120.00. The disclosure for this sale can be found here. Corporate insiders own 17.90% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Paycom Software by 10.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock valued at $126,000 after purchasing an additional 167 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Paycom Software by 7.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after purchasing an additional 150 shares in the last quarter. Fortaleza Asset Management Inc. purchased a new position in shares of Paycom Software during the third quarter valued at about $164,000. Raymond James Trust N.A. purchased a new position in shares of Paycom Software during the second quarter valued at about $203,000. Finally, Concorde Asset Management LLC purchased a new position in shares of Paycom Software during the third quarter valued at about $254,000. Hedge funds and other institutional investors own 88.41% 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.
Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.