Paycom Software (NYSE:PAYC) had its price target increased by Credit Suisse Group from $235.00 to $290.00 in a report issued on Thursday morning, The Fly reports. The brokerage currently has a neutral rating on the software maker’s stock. The analysts noted that the move was a valuation call.
A number of other analysts have also weighed in on the stock. Oppenheimer started coverage on shares of Paycom Software in a research note on Thursday. They issued a buy rating and a $325.00 price target for the company. Citigroup upped their price target on shares of Paycom Software from $302.00 to $367.00 and gave the stock a buy rating in a research note on Wednesday, January 29th. Mizuho upped their price target on shares of Paycom Software from $225.00 to $280.00 and gave the stock a neutral rating in a research note on Thursday. Northland Securities reiterated a buy rating and issued a $300.00 target price on shares of Paycom Software in a report on Friday, January 3rd. Finally, Cantor Fitzgerald boosted their target price on shares of Paycom Software from $234.00 to $314.00 and gave the stock a neutral rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Paycom Software has a consensus rating of Hold and an average target price of $286.75.
Shares of NYSE:PAYC opened at $293.53 on Thursday. The company has a 50 day moving average of $290.69 and a 200-day moving average of $247.84. The firm has a market cap of $17.14 billion, a P/E ratio of 94.99, a P/E/G ratio of 2.93 and a beta of 1.24. Paycom Software has a twelve month low of $165.98 and a twelve month high of $342.00. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07.
Paycom Software (NYSE:PAYC) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $193.40 million during the quarter, compared to analyst estimates of $190.34 million. Paycom Software had a net margin of 24.48% and a return on equity of 39.42%. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. Equities research analysts forecast that Paycom Software will post 3.64 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal London Asset Management Ltd. raised its holdings in shares of Paycom Software by 28.5% during the fourth quarter. Royal London Asset Management Ltd. now owns 20,542 shares of the software maker’s stock valued at $5,391,000 after acquiring an additional 4,550 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Paycom Software during the fourth quarter valued at approximately $619,000. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Paycom Software by 9.7% during the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 41,875 shares of the software maker’s stock valued at $11,087,000 after acquiring an additional 3,720 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Paycom Software by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 127,205 shares of the software maker’s stock valued at $33,679,000 after acquiring an additional 2,762 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Paycom Software by 1.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 37,230 shares of the software maker’s stock valued at $9,857,000 after acquiring an additional 518 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.
About Paycom Software
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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