Robert W. Baird reissued their buy rating on shares of Paycom Software, Inc. (NYSE:PAYC) in a research note issued to investors on Wednesday, November 1st. They currently have a $82.00 target price on the software maker’s stock.
A number of other research firms also recently issued reports on PAYC. Barclays PLC boosted their price objective on shares of Paycom Software from $74.00 to $82.00 and gave the company an overweight rating in a report on Wednesday, September 13th. Stifel Nicolaus raised their price objective on shares of Paycom Software from $67.00 to $80.00 and gave the company a buy rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Paycom Software from a buy rating to a hold rating in a research report on Friday, August 25th. KeyCorp restated a hold rating on shares of Paycom Software in a report on Friday, October 6th. Finally, Dougherty & Co initiated coverage on shares of Paycom Software in a research note on Tuesday, October 31st. They issued a buy rating and a $100.00 target price on the stock. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $83.44.
Shares of Paycom Software (PAYC) traded up $2.93 during mid-day trading on Wednesday, hitting $81.43. 814,779 shares of the stock were exchanged, compared to its average volume of 591,303. The company has a market cap of $4,820.00, a PE ratio of 74.66, a PEG ratio of 3.43 and a beta of 1.73. Paycom Software has a 1 year low of $41.98 and a 1 year high of $83.11. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.21.
Paycom Software (NYSE:PAYC) last posted its earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 business had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $100.47 million. During the same quarter in the prior year, the business earned $0.15 EPS. The business’s revenue for the quarter was up 31.0% compared to the same quarter last year. equities research analysts expect that Paycom Software will post 0.82 earnings per share for the current year.
In other news, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total transaction of $821,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey D. York sold 40,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $74.81, for a total value of $2,992,400.00. The disclosure for this sale can be found here. Insiders have sold 61,000 shares of company stock valued at $4,564,520 in the last three months. 17.90% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in PAYC. UBS Asset Management Americas Inc. increased its stake in shares of Paycom Software by 47.6% in the first quarter. UBS Asset Management Americas Inc. now owns 24,424 shares of the software maker’s stock worth $1,405,000 after acquiring an additional 7,881 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Paycom Software by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 37,612 shares of the software maker’s stock valued at $2,163,000 after purchasing an additional 744 shares during the period. Teachers Advisors LLC increased its position in Paycom Software by 4.3% in the 1st quarter. Teachers Advisors LLC now owns 75,553 shares of the software maker’s stock valued at $4,345,000 after acquiring an additional 3,088 shares during the period. Vanguard Group Inc. increased its position in Paycom Software by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 3,491,526 shares of the software maker’s stock valued at $200,798,000 after acquiring an additional 120,345 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Paycom Software by 4.1% during the first quarter. Geode Capital Management LLC now owns 336,814 shares of the software maker’s stock worth $19,370,000 after buying an additional 13,368 shares during the period. 88.35% of the stock is currently owned by institutional investors.
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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