Paycom Software, Inc. (NYSE:PAYC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Paycom Software, Inc. (NYSE:PAYC) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $159.75.

Several equities research analysts have recently issued reports on the stock. BTIG Research raised their price target on shares of Paycom Software from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. TD Cowen decreased their target price on Paycom Software from $154.00 to $149.00 and set a “buy” rating for the company in a research report on Friday, June 26th. Barclays upped their price target on Paycom Software from $148.00 to $154.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Mizuho lifted their price objective on Paycom Software from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Citigroup upped their price objective on shares of Paycom Software from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Thursday, May 7th.

Institutional Trading of Paycom Software

Institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. increased its position in shares of Paycom Software by 190.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 154 shares of the software maker’s stock valued at $25,000 after buying an additional 101 shares during the period. Clearstead Advisors LLC increased its holdings in Paycom Software by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 161 shares of the software maker’s stock worth $26,000 after acquiring an additional 94 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Paycom Software during the 2nd quarter worth approximately $29,000. MUFG Securities EMEA plc purchased a new stake in Paycom Software in the 2nd quarter worth approximately $33,000. Finally, Palisade Asset Management LLC bought a new position in Paycom Software in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

Paycom Software Stock Up 0.1%

Shares of NYSE:PAYC opened at $164.07 on Monday. Paycom Software has a 1 year low of $104.90 and a 1 year high of $248.95. The company has a market capitalization of $7.81 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.39 and a beta of 0.75. The business has a fifty day moving average price of $139.09 and a two-hundred day moving average price of $133.27. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.08 and a quick ratio of 1.08.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, May 6th. The software maker reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.16. Paycom Software had a net margin of 22.44% and a return on equity of 28.34%. The company had revenue of $571.80 million for the quarter, compared to the consensus estimate of $564.37 million. During the same period in the previous year, the firm earned $2.80 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that Paycom Software will post 9.37 earnings per share for the current year.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.