Mizuho Lowers Paycom Software (NYSE:PAYC) Price Target to $180.00

Paycom Software (NYSE:PAYC) had its target price lowered by research analysts at Mizuho from $220.00 to $180.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. Mizuho’s price objective suggests a potential upside of 10.81% from the company’s previous close.

Several other research firms also recently commented on PAYC. Cantor Fitzgerald raised shares of Paycom Software to a “hold” rating in a report on Thursday, September 11th. TD Cowen upgraded Paycom Software from a “hold” rating to a “buy” rating and lifted their price objective for the company from $246.00 to $258.00 in a research note on Monday, September 22nd. Jefferies Financial Group decreased their price objective on Paycom Software from $250.00 to $225.00 and set a “hold” rating for the company in a report on Monday, October 13th. Guggenheim initiated coverage on Paycom Software in a report on Friday, September 26th. They set a “buy” rating and a $270.00 target price on the stock. Finally, UBS Group reduced their price target on Paycom Software from $310.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Paycom Software presently has an average rating of “Hold” and a consensus target price of $225.77.

Paycom Software Stock Performance

Shares of PAYC opened at $162.44 on Thursday. The stock has a 50-day moving average of $205.86 and a two-hundred day moving average of $226.18. The stock has a market cap of $9.40 billion, a P/E ratio of 20.20, a P/E/G ratio of 1.81 and a beta of 0.88. Paycom Software has a one year low of $156.50 and a one year high of $267.76.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). The firm had revenue of $493.30 million during the quarter, compared to analysts’ expectations of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. Paycom Software has set its FY 2025 guidance at EPS. Analysts predict that Paycom Software will post 7.15 EPS for the current fiscal year.

Insider Buying and Selling at Paycom Software

In other news, insider Bradley Scott Smith sold 1,500 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $223.27, for a total transaction of $334,905.00. Following the transaction, the insider owned 24,533 shares in the company, valued at $5,477,482.91. This trade represents a 5.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Paycom Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SouthState Corp purchased a new position in Paycom Software during the first quarter valued at $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of Paycom Software during the 2nd quarter worth about $29,000. Steigerwald Gordon & Koch Inc. purchased a new position in Paycom Software in the 3rd quarter valued at about $31,000. MUFG Securities EMEA plc acquired a new stake in Paycom Software in the 2nd quarter worth about $33,000. Finally, S Bank Fund Management Ltd purchased a new stake in Paycom Software during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 87.77% of the company’s stock.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.