Brokerages Set Paycom Software, Inc. (NYSE:PAYC) Target Price at $202.86

Paycom Software, Inc. (NYSE:PAYC) has earned an average rating of “Hold” from the seventeen brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $202.8571.

A number of research analysts recently commented on the stock. UBS Group lowered their price objective on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. TD Cowen lowered their price target on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. KeyCorp dropped their price target on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Cantor Fitzgerald dropped their target price on Paycom Software from $170.00 to $135.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Finally, BTIG Research began coverage on Paycom Software in a report on Wednesday, December 17th. They set a “buy” rating and a $195.00 price target for the company.

Paycom Software Trading Up 4.3%

Shares of PAYC stock opened at $129.68 on Monday. The stock’s fifty day simple moving average is $155.45 and its 200-day simple moving average is $189.10. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 1.31 and a beta of 0.79. Paycom Software has a 1-year low of $122.61 and a 1-year high of $267.76.

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

Insider Buying and Selling at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value 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 approximately $2,398,747.02. The trade was a 8.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.90% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

A number of institutional investors have recently made changes to their positions in PAYC. Allianz Asset Management GmbH lifted its holdings in shares of Paycom Software by 10,106.6% during the third quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after buying an additional 482,186 shares during the last quarter. Two Sigma Investments LP increased its position in Paycom Software by 228.7% during the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock worth $110,756,000 after acquiring an additional 370,219 shares during the period. Woodline Partners LP acquired a new position in Paycom Software during the 3rd quarter valued at $58,452,000. Robeco Institutional Asset Management B.V. boosted its holdings in Paycom Software by 230.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 341,286 shares of the software maker’s stock valued at $54,387,000 after purchasing an additional 238,155 shares during the period. Finally, Jennison Associates LLC acquired a new stake in Paycom Software in the 2nd quarter worth $49,853,000. 87.77% of the stock is currently owned by institutional investors.

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.