Shares of Paycom Software, Inc. (NYSE:PAYC – Get Rating) have received a consensus recommendation of “Hold” from the sixteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $384.50.
PAYC has been the subject of a number of recent research reports. Oppenheimer lowered their price objective on Paycom Software from $415.00 to $350.00 in a research note on Wednesday, May 4th. Jefferies Financial Group cut their price objective on Paycom Software from $400.00 to $335.00 in a report on Monday. KeyCorp reduced their target price on Paycom Software from $575.00 to $400.00 and set an “overweight” rating for the company in a report on Tuesday, January 25th. Piper Sandler reduced their target price on Paycom Software from $505.00 to $430.00 in a report on Wednesday, May 4th. Finally, Credit Suisse Group reduced their price objective on Paycom Software from $425.00 to $350.00 in a research note on Wednesday, May 4th.
In other Paycom Software news, EVP Justin Devon Long sold 151 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $275.23, for a total transaction of $41,559.73. Following the transaction, the executive vice president now owns 2,956 shares of the company’s stock, valued at $813,579.88. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Bradley Scott Smith sold 1,625 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $275.24, for a total value of $447,265.00. Following the transaction, the insider now directly owns 3,600 shares in the company, valued at approximately $990,864. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,290 shares of company stock worth $3,934,164. Corporate insiders own 15.20% of the company’s stock.
Shares of NYSE:PAYC opened at $274.38 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.08 and a current ratio of 1.08. Paycom Software has a 1 year low of $259.95 and a 1 year high of $558.97. The stock has a market capitalization of $16.53 billion, a P/E ratio of 71.45, a PEG ratio of 2.51 and a beta of 1.54. The stock has a 50-day simple moving average of $314.38 and a 200-day simple moving average of $356.57.
Paycom Software (NYSE:PAYC – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The software maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.75 by $0.15. Paycom Software had a return on equity of 25.12% and a net margin of 19.64%. The firm had revenue of $353.52 million for the quarter, compared to analyst estimates of $343.20 million. During the same period in the previous year, the company posted $1.10 EPS. Paycom Software’s revenue for the quarter was up 29.9% on a year-over-year basis. Analysts predict that Paycom Software will post 4.3 earnings per share for the current year.
About Paycom Software (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.
- Get a free copy of the StockNews.com research report on Paycom Software (PAYC)
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