Paycom Software, Inc. (NYSE:PAYC) had its price objective boosted by Jefferies Group LLC from $85.00 to $95.00 in a research note released on Wednesday, November 1st. Jefferies Group LLC currently has a buy rating on the software maker’s stock.
A number of other brokerages have also recently issued reports on PAYC. Royal Bank Of Canada reissued a hold rating and issued a $74.00 price objective on shares of Paycom Software in a research note on Wednesday, October 18th. Robert W. Baird reaffirmed a buy rating and set a $78.00 target price on shares of Paycom Software in a research note on Tuesday, September 12th. Barclays PLC reaffirmed a buy rating and set a $74.00 target price on shares of Paycom Software in a research note on Wednesday, July 19th. Oppenheimer Holdings, Inc. raised their target price on shares of Paycom Software from $65.00 to $75.00 and gave the company an outperform rating in a research note on Wednesday, August 2nd. Finally, BidaskClub raised shares of Paycom Software from a buy rating to a strong-buy rating in a research note on Thursday, August 24th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $83.44.
Paycom Software (NYSE:PAYC) opened at $83.44 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. Paycom Software has a 52-week low of $41.98 and a 52-week high of $83.67. The firm has a market cap of $4,940.00, a P/E ratio of 76.63, a price-to-earnings-growth ratio of 3.52 and a beta of 1.73.
Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.10. The business had revenue of $101.30 million for the quarter, compared to the consensus estimate of $100.47 million. Paycom Software had a net margin of 15.37% and a return on equity of 44.27%. The company’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. sell-side analysts predict that Paycom Software will post 0.82 EPS for the current fiscal year.
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In related news, insider Jeffrey D. York sold 40,000 shares of Paycom Software stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $74.81, for a total transaction of $2,992,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of Paycom Software stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $74.72, for a total transaction of $821,920.00. The disclosure for this sale can be found here. Insiders sold a total of 61,000 shares of company stock valued at $4,564,520 in the last 90 days. Company insiders own 17.90% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in PAYC. BlackRock Inc. raised its holdings in shares of Paycom Software by 74,069.7% in the 1st quarter. BlackRock Inc. now owns 2,662,693 shares of the software maker’s stock valued at $153,132,000 after purchasing an additional 2,659,103 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Paycom Software by 96.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,172,756 shares of the software maker’s stock valued at $87,664,000 after purchasing an additional 574,658 shares in the last quarter. Capital World Investors raised its holdings in shares of Paycom Software by 6.7% in the 2nd quarter. Capital World Investors now owns 6,612,914 shares of the software maker’s stock valued at $452,389,000 after purchasing an additional 415,000 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Paycom Software by 60.3% in the 2nd quarter. New York State Common Retirement Fund now owns 748,858 shares of the software maker’s stock valued at $51,229,000 after purchasing an additional 281,778 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Paycom Software in the 2nd quarter valued at about $271,000. Institutional investors own 88.57% of the company’s stock.
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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