Paycom Software, Inc. (NYSE:PAYC) has been given a consensus rating of “Buy” by the twenty research firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $84.06.
A number of equities analysts have recently commented on PAYC shares. Barclays PLC lifted their price target on shares of Paycom Software from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, September 13th. Zacks Investment Research raised shares of Paycom Software from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research report on Friday, November 3rd. Robert W. Baird reissued a “buy” rating and issued a $78.00 price target on shares of Paycom Software in a research report on Tuesday, September 12th. Northland Securities started coverage on shares of Paycom Software in a research report on Thursday, September 21st. They issued an “outperform” rating and a $85.00 price target on the stock. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $74.00 price target on shares of Paycom Software in a research report on Wednesday, October 18th.
Paycom Software (PAYC) traded down $1.39 during trading hours on Thursday, hitting $78.50. 329,900 shares of the stock were exchanged, compared to its average volume of 590,292. Paycom Software has a 12 month low of $41.55 and a 12 month high of $83.11. The company has a market capitalization of $4,800.00, a price-to-earnings ratio of 74.66, a price-to-earnings-growth ratio of 3.43 and a beta of 1.73. 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 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.10. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. The company had revenue of $101.30 million for the quarter, compared to analyst estimates of $100.47 million. During the same quarter last year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 31.0% compared to the same quarter last year. research analysts expect that Paycom Software will post 0.82 EPS for the current fiscal year.
In other Paycom Software news, insider Jeffrey D. York sold 40,000 shares of Paycom Software stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $74.81, for a total transaction of $2,992,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stacey M. Pezold sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $75.02, for a total transaction of $750,200.00. The disclosure for this sale can be found here. Insiders have sold 61,000 shares of company stock worth $4,564,520 in the last quarter. Corporate insiders own 17.90% of the company’s stock.
Several large investors have recently modified their holdings of PAYC. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Paycom Software by 10.0% in the 2nd 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. boosted its stake in shares of 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 valued at $152,000 after purchasing an additional 150 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new stake in shares of Paycom Software in the 3rd quarter valued at $164,000. Raymond James Trust N.A. acquired a new stake in shares of Paycom Software in the 2nd quarter valued at $203,000. Finally, Fiduciary Trust Co. acquired a new stake in shares of Paycom Software in the 2nd quarter valued at $215,000. Institutional investors own 88.35% 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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