Shares of Paycom Software Inc (NYSE:PAYC) have received a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $149.07.
A number of equities analysts have commented on the company. ValuEngine lowered Paycom Software from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. KeyCorp raised their price objective on Paycom Software from $133.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 6th. Zacks Investment Research lowered Paycom Software from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Robert W. Baird raised their price objective on Paycom Software from $134.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Finally, Jefferies Financial Group raised their price objective on Paycom Software to $210.00 and gave the stock a “buy” rating in a research note on Monday, March 4th.
Get Paycom Software alerts:Paycom Software stock traded up $3.07 during mid-day trading on Wednesday, reaching $181.15. 13,598 shares of the company were exchanged, compared to its average volume of 658,054. Paycom Software has a 12 month low of $96.44 and a 12 month high of $186.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $10.57 billion, a PE ratio of 83.28, a price-to-earnings-growth ratio of 2.81 and a beta of 1.78.
Paycom Software (NYSE:PAYC) last posted its quarterly earnings data on Tuesday, February 5th. The software maker reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.13. Paycom Software had a return on equity of 38.83% and a net margin of 24.20%. The firm had revenue of $150.33 million for the quarter, compared to analyst estimates of $144.10 million. During the same quarter last year, the company earned $0.90 EPS. The company’s revenue was up 31.8% on a year-over-year basis. Sell-side analysts expect that Paycom Software will post 2.62 earnings per share for the current fiscal year.
In related news, insider Bradley Scott Smith sold 2,600 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $181.53, for a total transaction of $471,978.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Craig E. Boelte sold 12,000 shares of the business’s stock in a transaction on Wednesday, January 9th. The stock was sold at an average price of $128.78, for a total value of $1,545,360.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,600 shares of company stock worth $8,478,698. Corporate insiders own 16.24% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Paycom Software by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 4,348,359 shares of the software maker’s stock worth $675,778,000 after acquiring an additional 93,152 shares during the last quarter. Vanguard Group Inc grew its position in Paycom Software by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 4,348,359 shares of the software maker’s stock worth $675,778,000 after acquiring an additional 93,152 shares during the last quarter. Capital International Investors bought a new stake in Paycom Software during the 3rd quarter worth $488,601,000. BlackRock Inc. lifted its holdings in Paycom Software by 1.1% during the 4th quarter. BlackRock Inc. now owns 2,212,593 shares of the software maker’s stock worth $270,933,000 after buying an additional 23,876 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Paycom Software by 72.6% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,964,610 shares of the software maker’s stock worth $240,566,000 after buying an additional 826,529 shares during the period. Institutional investors and hedge funds own 79.35% of the company’s stock.
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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