Paycom Software (NYSE:PAYC) PT Raised to $85.00 at Credit Suisse Group

Paycom Software (NYSE:PAYC) had its price objective lifted by Credit Suisse Group from $82.00 to $85.00 in a research report issued on Wednesday, February 7th. The firm presently has a “neutral” rating on the software maker’s stock. Credit Suisse Group’s price objective would suggest a potential downside of 7.69% from the company’s current price.

Several other equities analysts have also commented on PAYC. Mizuho reaffirmed a “hold” rating and set a $70.00 price target on shares of Paycom Software in a research report on Thursday, October 12th. Royal Bank of Canada reaffirmed a “hold” rating and set a $74.00 price target on shares of Paycom Software in a research report on Wednesday, October 18th. Dougherty & Co started coverage on shares of Paycom Software in a research report on Tuesday, October 31st. They set a “buy” rating and a $100.00 price target for the company. KeyCorp reaffirmed a “hold” rating on shares of Paycom Software in a research report on Wednesday, November 1st. Finally, Northland Securities set a $85.00 price target on shares of Paycom Software and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Paycom Software has a consensus rating of “Buy” and an average target price of $88.56.

Paycom Software (PAYC) opened at $92.08 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $5,137.40, a P/E ratio of 80.77, a P/E/G ratio of 2.21 and a beta of 1.70. Paycom Software has a one year low of $51.80 and a one year high of $93.61.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Paycom Software had a net margin of 15.43% and a return on equity of 45.18%. The business had revenue of $114.00 million for the quarter, compared to the consensus estimate of $113.01 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. research analysts forecast that Paycom Software will post 1.56 EPS for the current fiscal year.

In related news, insider Jeffrey D. York sold 50,000 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $79.97, for a total value of $3,998,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert J. Levenson sold 18,750 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $88.89, for a total transaction of $1,666,687.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,750 shares of company stock worth $6,533,308. Insiders own 17.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in PAYC. PNC Financial Services Group Inc. increased its stake in 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. Northern Trust Corp increased its stake in Paycom Software by 11.8% during the 2nd quarter. Northern Trust Corp now owns 632,517 shares of the software maker’s stock valued at $43,272,000 after buying an additional 66,694 shares during the period. Vanguard Group Inc. increased its stake in Paycom Software by 6.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,727,860 shares of the software maker’s stock valued at $255,023,000 after buying an additional 236,334 shares during the period. California Public Employees Retirement System increased its stake in Paycom Software by 2.1% during the 2nd quarter. California Public Employees Retirement System now owns 38,200 shares of the software maker’s stock valued at $2,613,000 after buying an additional 800 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Paycom Software by 41.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 32,796 shares of the software maker’s stock valued at $2,244,000 after buying an additional 9,580 shares during the period. 87.12% 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.

Analyst Recommendations for Paycom Software (NYSE:PAYC)

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