Robert W. Baird reiterated their buy rating on shares of Paycom Software, Inc. (NYSE:PAYC) in a report published on Wednesday, November 1st. Robert W. Baird currently has a $82.00 price objective on the software maker’s stock.
Other research analysts have also recently issued research reports about the stock. Canaccord Genuity raised their target price on shares of Paycom Software from $80.00 to $85.00 and gave the stock a buy rating in a report on Wednesday, August 2nd. Oppenheimer Holdings, Inc. raised their price target on Paycom Software from $65.00 to $75.00 and gave the stock an outperform rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $74.00 price target (up previously from $67.00) on shares of Paycom Software in a research note on Wednesday, August 2nd. Mizuho reaffirmed a hold rating and issued a $70.00 price target on shares of Paycom Software in a research note on Tuesday, August 1st. Finally, KeyCorp reaffirmed a hold rating on shares of Paycom Software in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $83.44.
Paycom Software (NYSE PAYC) opened at $81.99 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21. Paycom Software has a fifty-two week low of $41.98 and a fifty-two week high of $83.11. The stock has a market cap of $4,820.00, a P/E ratio of 74.66, a PEG ratio of 3.43 and a beta of 1.73.
Paycom Software (NYSE:PAYC) last issued its earnings results on Tuesday, October 31st. The software maker reported $0.29 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $101.30 million for the quarter, compared to analysts’ expectations of $100.47 million. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue was up 31.0% on a year-over-year basis. research analysts forecast that Paycom Software will post 0.82 EPS for the current fiscal year.
In related news, insider Stacey M. Pezold sold 10,000 shares of Paycom Software stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $75.02, for a total value of $750,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig E. Boelte sold 11,000 shares of Paycom Software stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $74.72, for a total value of $821,920.00. The disclosure for this sale can be found here. Insiders have sold 61,000 shares of company stock valued at $4,564,520 over the last 90 days. Corporate insiders own 17.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAYC. BlackRock Inc. increased its holdings in Paycom Software by 74,069.7% in the 1st quarter. BlackRock Inc. now owns 2,662,693 shares of the software maker’s stock worth $153,132,000 after buying an additional 2,659,103 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Paycom Software by 96.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,172,756 shares of the software maker’s stock worth $87,664,000 after buying an additional 574,658 shares in the last quarter. Capital World Investors increased its holdings in Paycom Software by 6.7% in the 2nd quarter. Capital World Investors now owns 6,612,914 shares of the software maker’s stock worth $452,389,000 after buying an additional 415,000 shares in the last quarter. New York State Common Retirement Fund increased its holdings in Paycom Software by 60.3% in the 2nd quarter. New York State Common Retirement Fund now owns 748,858 shares of the software maker’s stock worth $51,229,000 after buying an additional 281,778 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in Paycom Software in the 2nd quarter worth about $271,000. Institutional investors own 88.35% of the company’s stock.
About Paycom Software
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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