Cantor Fitzgerald Issues Pessimistic Forecast for Paycom Software (NYSE:PAYC) Stock Price

Paycom Software (NYSE:PAYC) had its price objective dropped by stock analysts at Cantor Fitzgerald from $170.00 to $135.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 0.23% from the company’s previous close.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. decreased their target price on Paycom Software from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Paycom Software in a research note on Monday, December 29th. BTIG Research assumed coverage on Paycom Software in a report on Wednesday, December 17th. They issued a “buy” rating and a $195.00 price objective on the stock. KeyCorp lowered their price objective on Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, TD Cowen reduced their target price on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $202.86.

Paycom Software Price Performance

NYSE:PAYC opened at $134.68 on Thursday. The company has a market cap of $7.58 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.41 and a beta of 0.82. The firm’s fifty day moving average price is $157.39 and its two-hundred day moving average price is $191.34. Paycom Software has a one year low of $132.13 and a one year high of $267.76.

Paycom Software (NYSE:PAYC) last posted its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The company had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. During the same quarter in the prior year, the business posted $1.67 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities research analysts expect that Paycom Software will post 7.15 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the sale, the chief financial officer owned 14,747 shares of the company’s stock, valued at $2,398,747.02. This represents a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Paycom Software

Hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank n.a. increased its stake in Paycom Software by 7.6% in the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock valued at $164,000 after acquiring an additional 56 shares during the last quarter. Applied Finance Capital Management LLC boosted its holdings in shares of Paycom Software by 4.3% in the 2nd quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock valued at $330,000 after purchasing an additional 59 shares in the last quarter. ORG Wealth Partners LLC increased its stake in shares of Paycom Software by 4.4% in the 3rd quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock valued at $289,000 after purchasing an additional 59 shares during the last quarter. Wallace Advisory Group LLC raised its holdings in shares of Paycom Software by 2.7% during the 2nd quarter. Wallace Advisory Group LLC now owns 2,262 shares of the software maker’s stock worth $494,000 after buying an additional 60 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Paycom Software by 4.0% during the 3rd quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after buying an additional 63 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

Paycom Software Company Profile

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.