Paycom Software Inc (PAYC) Receives Average Recommendation of “Hold” from Analysts

Shares of Paycom Software Inc (NYSE:PAYC) have received a consensus rating of “Hold” from the eighteen brokerages that are covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $126.82.

A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of Paycom Software from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Zacks Investment Research reiterated a “buy” rating and set a $141.00 price objective on shares of Paycom Software in a report on Wednesday, November 14th. Needham & Company LLC boosted their price target on shares of Paycom Software to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Credit Suisse Group boosted their price target on shares of Paycom Software from $110.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. Finally, Jefferies Financial Group boosted their price target on shares of Paycom Software to $139.00 and gave the company a “buy” rating in a report on Wednesday, October 31st.

Shares of Paycom Software stock traded up $2.78 during trading on Monday, hitting $121.93. The stock had a trading volume of 15,241 shares, compared to its average volume of 852,842. The firm has a market capitalization of $6.98 billion, a PE ratio of 138.32, a price-to-earnings-growth ratio of 2.16 and a beta of 1.83. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09. Paycom Software has a 12 month low of $75.39 and a 12 month high of $164.08.

Paycom Software (NYSE:PAYC) last released its earnings results on Tuesday, October 30th. The software maker reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The firm had revenue of $133.29 million during the quarter, compared to analyst estimates of $130.52 million. Paycom Software had a net margin of 22.37% and a return on equity of 39.19%. The business’s revenue was up 31.6% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. As a group, sell-side analysts predict that Paycom Software will post 2.15 earnings per share for the current fiscal year.

In other news, insider Kathy Oden-Hall sold 2,000 shares of Paycom Software stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $140.21, for a total value of $280,420.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig E. Boelte sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $155.63, for a total transaction of $1,867,560.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,200 shares of company stock worth $10,579,076. Insiders own 16.24% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Keybank National Association OH grew its position in Paycom Software by 10.8% during the 2nd quarter. Keybank National Association OH now owns 4,262 shares of the software maker’s stock worth $421,000 after purchasing an additional 414 shares during the last quarter. Bank of Montreal Can grew its position in Paycom Software by 3.3% during the 3rd quarter. Bank of Montreal Can now owns 13,652 shares of the software maker’s stock worth $2,122,000 after purchasing an additional 442 shares during the last quarter. Creative Planning grew its position in Paycom Software by 5.8% during the 3rd quarter. Creative Planning now owns 8,445 shares of the software maker’s stock worth $1,312,000 after purchasing an additional 461 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Paycom Software by 1.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 39,740 shares of the software maker’s stock worth $6,177,000 after purchasing an additional 468 shares during the last quarter. Finally, Polen Capital Management LLC grew its position in Paycom Software by 9.1% during the 3rd quarter. Polen Capital Management LLC now owns 5,981 shares of the software maker’s stock worth $930,000 after purchasing an additional 498 shares during the last quarter. 79.89% of the stock is currently owned by institutional investors.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.

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Analyst Recommendations for Paycom Software (NYSE:PAYC)

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