Other equities analysts have also recently issued reports about the company. Robert W. Baird reaffirmed a buy rating and issued a $82.00 price objective on shares of Paycom Software in a research report on Wednesday, November 1st. JPMorgan Chase & Co. upped their price objective on Paycom Software from $67.00 to $75.00 and gave the company a neutral rating in a research report on Wednesday, November 1st. Oppenheimer reaffirmed a buy rating and issued a $88.00 price objective (up from $75.00) on shares of Paycom Software in a research report on Wednesday, November 1st. Barclays upped their price objective on Paycom Software from $74.00 to $82.00 and gave the company an overweight rating in a research report on Wednesday, September 13th. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $85.00 price objective on shares of Paycom Software in a research report on Friday, November 3rd. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $84.33.
Shares of Paycom Software (PAYC) opened at $88.75 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $5,170.93, a P/E ratio of 82.94, a P/E/G ratio of 2.87 and a beta of 1.68. Paycom Software has a 52 week low of $42.52 and a 52 week high of $89.37.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $101.30 million for the quarter, compared to the consensus estimate of $100.47 million. Paycom Software had a return on equity of 44.27% and a net margin of 15.37%. The firm’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 EPS. analysts forecast that Paycom Software will post 0.82 earnings per share for the current fiscal year.
In other news, CFO Craig E. Boelte sold 11,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $78.92, for a total transaction of $868,120.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey D. York sold 50,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $79.97, for a total value of $3,998,500.00. The disclosure for this sale can be found here. 17.90% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAYC. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Paycom Software by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,835 shares of the software maker’s stock valued at $126,000 after buying an additional 167 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Paycom Software by 7.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock valued at $152,000 after buying an additional 150 shares during the period. Fortaleza Asset Management Inc. bought a new position in shares of Paycom Software during the 3rd quarter valued at $164,000. Raymond James Trust N.A. bought a new position in shares of Paycom Software during the 2nd quarter valued at $203,000. Finally, Concorde Asset Management LLC bought a new position in shares of Paycom Software during the 3rd quarter valued at $254,000. 88.41% of the stock is currently owned by hedge funds and other institutional investors.
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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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