Paycom Software (NYSE:PAYC) had its target price increased by equities researchers at Jefferies Financial Group to $180.00 in a report released on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the software maker’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 14.68% from the stock’s previous close.
Other analysts have also recently issued research reports about the company. Zacks Investment Research reissued a “buy” rating and set a $141.00 price objective on shares of Paycom Software in a research report on Wednesday, November 14th. Needham & Company LLC boosted their price target on Paycom Software to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. ValuEngine raised Paycom Software from a “hold” rating to a “buy” rating in a research report on Monday, November 26th. Canaccord Genuity reduced their price target on Paycom Software from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. Finally, Royal Bank of Canada boosted their price target on Paycom Software to $139.00 and gave the stock a “market perform” rating in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $132.50.
Shares of PAYC stock opened at $156.96 on Wednesday. Paycom Software has a 1-year low of $80.39 and a 1-year high of $164.08. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. The firm has a market cap of $9.14 billion, a PE ratio of 178.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.78.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. Paycom Software had a return on equity of 39.19% and a net margin of 22.37%. The business had revenue of $150.33 million for the quarter, compared to the consensus estimate of $144.10 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. Paycom Software’s revenue for the quarter was up 31.8% compared to the same quarter last year. On average, equities research analysts anticipate that Paycom Software will post 2.15 EPS for the current year.
In related news, CFO Craig E. Boelte sold 12,000 shares of the business’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $128.78, for a total transaction of $1,545,360.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 16.24% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Virginia Retirement Systems ET AL grew its position in Paycom Software by 4.3% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 17,000 shares of the software maker’s stock worth $2,642,000 after acquiring an additional 700 shares during the last quarter. Oakbrook Investments LLC bought a new stake in Paycom Software during the 3rd quarter worth approximately $241,000. Teachers Advisors LLC grew its position in Paycom Software by 26.6% during the 3rd quarter. Teachers Advisors LLC now owns 77,877 shares of the software maker’s stock worth $12,103,000 after acquiring an additional 16,355 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Paycom Software during the 2nd quarter worth approximately $1,998,000. Finally, Advisors Asset Management Inc. grew its position in Paycom Software by 11.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 13,749 shares of the software maker’s stock worth $1,359,000 after acquiring an additional 1,439 shares during the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.
Paycom Software Company Profile
Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.
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