Paycom Software (NYSE:PAYC) Price Target Lowered to $425.00 at Deutsche Bank Aktiengesellschaft

Paycom Software (NYSE:PAYC – Get Rating) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $450.00 to $425.00 in a report released on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 47.33% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the company. StockNews.com assumed coverage on Paycom Software in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research cut Paycom Software from a “hold” rating to a “sell” rating and set a $360.00 price objective on the stock. in a research note on Friday, January 14th. Oppenheimer reduced their price objective on Paycom Software from $415.00 to $350.00 in a research note on Wednesday. KeyCorp reduced their price objective on Paycom Software from $575.00 to $400.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 25th. Finally, Citigroup assumed coverage on Paycom Software in a research note on Tuesday, February 1st. They set a “hold” rating and a $335.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $401.20.

Shares of Paycom Software stock opened at $288.46 on Wednesday. Paycom Software has a twelve month low of $278.37 and a twelve month high of $558.97. The stock has a market capitalization of $17.37 billion, a P/E ratio of 85.60, a PEG ratio of 2.76 and a beta of 1.54. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.03. The business’s fifty day moving average price is $323.76 and its 200 day moving average price is $381.87.

Paycom Software (NYSE:PAYC – Get Rating) last issued its earnings results on Tuesday, May 3rd. The software maker reported $1.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.15. Paycom Software had a return on equity of 23.85% and a net margin of 18.57%. The firm had revenue of $353.52 million for the quarter, compared to analysts’ expectations of $343.20 million. During the same quarter last year, the firm earned $1.10 earnings per share. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. As a group, sell-side analysts predict that Paycom Software will post 4.08 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Corient Capital Partners LLC increased its holdings in Paycom Software by 3.9% in the third quarter. Corient Capital Partners LLC now owns 579 shares of the software maker’s stock valued at $287,000 after buying an additional 22 shares during the last quarter. HM Payson & Co. increased its holdings in Paycom Software by 7.3% in the third quarter. HM Payson & Co. now owns 340 shares of the software maker’s stock valued at $169,000 after buying an additional 23 shares during the last quarter. IFP Advisors Inc increased its holdings in Paycom Software by 17.4% in the fourth quarter. IFP Advisors Inc now owns 196 shares of the software maker’s stock valued at $81,000 after buying an additional 29 shares during the last quarter. Flagship Harbor Advisors LLC increased its holdings in Paycom Software by 3.7% in the first quarter. Flagship Harbor Advisors LLC now owns 899 shares of the software maker’s stock valued at $311,000 after buying an additional 32 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Paycom Software by 54.8% in the fourth quarter. Quadrant Capital Group LLC now owns 96 shares of the software maker’s stock valued at $40,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 87.12% of the company’s stock.

Paycom Software Company Profile (Get Rating)

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.

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