Barclays Reiterates “Overweight” Rating for Paycom Software (PAYC)
Paycom Software (NYSE:PAYC)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays in a note issued to investors on Thursday. They currently have a $23.00 target price on the stock, up from their previous target price of $22.00. Barclays’ price objective suggests a potential upside of 32.56% from the company’s current price.
Shares of Paycom Software (NYSE:PAYC) traded down 2.59% during mid-day trading on Thursday, hitting $16.90. The stock had a trading volume of 212,195 shares. Paycom Software has a 52 week low of $12.28 and a 52 week high of $18.34. The stock’s 50-day moving average is $14.6 and its 200-day moving average is $14.55. The company has a market cap of $862.6 million and a P/E ratio of 275.40.
Paycom Software (NYSE:PAYC) last released its earnings data on Tuesday, August 5th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.01. The company had revenue of $33.30 million for the quarter, compared to the consensus estimate of $31.48 million. Paycom Software’s revenue was up 39.3% compared to the same quarter last year. Analysts expect that Paycom Software will post $0.15 EPS for the current fiscal year.
Paycom Software, Inc is a provider of a cloud-based human capital management (NYSE:PAYC) software solution delivered as Software-as-a-Service (SaaS).
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