Paycom Software (NYSE:PAYC) received a $101.00 price objective from research analysts at Northland Securities in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the software maker’s stock. Northland Securities’ price target suggests a potential upside of 13.80% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Jefferies Group upped their price target on shares of Paycom Software from $85.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of Paycom Software in a report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and set a $85.00 price target on shares of Paycom Software in a report on Friday, November 3rd. Wells Fargo & Co set a $89.00 price target on shares of Paycom Software and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Credit Suisse Group cut shares of Paycom Software from an “outperform” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Wednesday, November 1st. Six analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Paycom Software has an average rating of “Buy” and an average target price of $84.33.
Shares of Paycom Software (NYSE:PAYC) opened at $88.75 on Thursday. 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 has a fifty-two week low of $42.52 and a fifty-two week high of $89.37. The stock has a market cap of $5,170.93, a PE ratio of 82.94, a price-to-earnings-growth ratio of 2.87 and a beta of 1.68.
Paycom Software (NYSE:PAYC) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $101.30 million during the quarter, compared to analysts’ expectations of $100.47 million. During the same period in the prior year, the company earned $0.15 earnings per share. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. equities research analysts predict that Paycom Software will post 0.82 EPS for the current fiscal year.
In related news, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total value of $868,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey D. York sold 50,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $79.97, for a total transaction of $3,998,500.00. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of PAYC. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Paycom Software by 10.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock worth $126,000 after purchasing an additional 167 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Paycom Software by 7.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock worth $152,000 after purchasing an additional 150 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new position in Paycom Software in the third quarter worth about $164,000. Raymond James Trust N.A. acquired a new position in Paycom Software in the second quarter worth about $203,000. Finally, Concorde Asset Management LLC acquired a new position in Paycom Software in the third quarter worth about $254,000. 88.41% of the stock is owned by hedge funds and other 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.