Paycom Software (NYSE:PAYC – Get Free Report) had its price target upped by analysts at JPMorgan Chase & Co. from $264.00 to $265.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.19% from the stock’s current price.
PAYC has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of Paycom Software from $145.00 to $208.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Stifel Nicolaus lifted their target price on shares of Paycom Software from $120.00 to $200.00 and gave the stock a “hold” rating in a research report on Thursday, August 6th. TD Cowen lifted their target price on shares of Paycom Software from $244.00 to $286.00 and gave the stock a “buy” rating in a research report on Friday, October 2nd. Guggenheim boosted their price target on shares of Paycom Software from $225.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. Finally, KeyCorp upped their price target on shares of Paycom Software from $295.00 to $297.00 and gave the company an “overweight” rating in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Paycom Software has an average rating of “Hold” and an average price target of $255.36.
Read Our Latest Research Report on Paycom Software
Paycom Software Price Performance
Paycom Software (NYSE:PAYC – Get Free Report) last released its earnings results on Wednesday, November 4th. The software maker reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.56. The company had revenue of $543.80 million during the quarter, compared to the consensus estimate of $535.26 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%. Paycom Software’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. Research analysts expect that Paycom Software will post 10.80 EPS for the current fiscal year.
Insider Activity
In related news, insider Shane Hadlock sold 2,577 shares of Paycom Software stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $237.60, for a total value of $612,295.20. Following the transaction, the insider directly owned 70,152 shares of the company’s stock, valued at $16,668,115.20. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.20% of the company’s stock.
Institutional Investors Weigh In On Paycom Software
Large investors have recently added to or reduced their stakes in the company. Diversified Trust Co increased its position in shares of Paycom Software by 53.5% in the third quarter. Diversified Trust Co now owns 11,346 shares of the software maker’s stock valued at $2,469,000 after acquiring an additional 3,953 shares during the period. Allworth Financial LP grew its stake in shares of Paycom Software by 7.5% in the third quarter. Allworth Financial LP now owns 1,505 shares of the software maker’s stock worth $328,000 after purchasing an additional 105 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Paycom Software by 29.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 102,799 shares of the software maker’s stock valued at $22,450,000 after purchasing an additional 23,146 shares during the period. Fifth Third Bancorp raised its position in Paycom Software by 125.8% during the 3rd quarter. Fifth Third Bancorp now owns 47,541 shares of the software maker’s stock valued at $10,347,000 after purchasing an additional 26,488 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its position in Paycom Software by 30.1% during the 3rd quarter. Maryland State Retirement & Pension System now owns 10,960 shares of the software maker’s stock valued at $2,385,000 after purchasing an additional 2,535 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.
Key Stories Impacting Paycom Software
Here are the key news stories impacting Paycom Software this week:
- Positive Sentiment: Paycom beat third-quarter earnings expectations, with EPS of $3.37 versus the cited $2.76 consensus. Earnings growth, higher revenue, and margin gains were linked to wider adoption of automation; the company also raised its 2026 revenue and EBITDA guidance. Paycom Q3 Earnings Beat Estimates on Revenue Growth, Margin Gains
- Positive Sentiment: KeyCorp raised its price target to $297 and maintained an overweight rating, signaling confidence in further upside. KeyCorp recommendations
- Positive Sentiment: Paycom declared its first cash dividend, adding a shareholder-return component to the investment case. Paycom declares its first cash dividend
- Neutral Sentiment: JPMorgan raised its target slightly, from $264 to $265, but kept a neutral rating. JPMorgan recommendations
- Negative Sentiment: BTIG downgraded PAYC from buy to neutral, a more cautious view that could pressure shares despite the earnings beat. BTIG Research recommendations
- Negative Sentiment: Citigroup cut its target from $279 to $264 and retained a neutral rating. Other coverage also raised questions about whether Paycom’s shares are fully valued after a strong run, tempering the positive results. Citigroup recommendations Paycom stock could be rich despite raised guidance
Paycom Software Company Profile
Paycom Software, Inc is a provider of cloud-based human capital management (HCM) software designed to help businesses manage employee-related processes through a unified platform. Its solutions support payroll, human resources, talent acquisition and management, time and labor management, compliance, and employee engagement.
The company’s software is intended to allow employers and employees to enter and manage workforce information within a single system. Its offerings include payroll processing, benefits administration, expense management, scheduling, performance management, learning, and recruiting tools.
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