Paycom Software (NYSE:PAYC) Price Target Cut to $400.00 by Analysts at Deutsche Bank Aktiengesellschaft

Paycom Software (NYSE:PAYCGet Rating) had its target price reduced by Deutsche Bank Aktiengesellschaft from $425.00 to $400.00 in a research note issued to investors on Monday morning, The Fly reports. They currently have a buy rating on the software maker’s stock.

Several other equities research analysts have also weighed in on the stock. Cowen upped their target price on shares of Paycom Software from $365.00 to $381.00 in a report on Wednesday, November 2nd. Citigroup upped their target price on shares of Paycom Software from $393.00 to $400.00 and gave the stock a buy rating in a report on Wednesday, November 2nd. Moffett Nathanson started coverage on shares of Paycom Software in a report on Monday, January 9th. They issued an underperform rating and a $310.00 target price on the stock. StockNews.com started coverage on shares of Paycom Software in a research report on Wednesday, October 12th. They set a hold rating on the stock. Finally, Cowen upped their price target on shares of Paycom Software from $365.00 to $381.00 in a research report on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Paycom Software presently has an average rating of Moderate Buy and an average target price of $382.82.

Paycom Software Price Performance

NYSE PAYC opened at $322.07 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $19.33 billion, a PE ratio of 74.73, a price-to-earnings-growth ratio of 2.13 and a beta of 1.38. The company has a 50 day moving average price of $314.44 and a two-hundred day moving average price of $330.77. Paycom Software has a 12-month low of $255.82 and a 12-month high of $402.78.

Paycom Software (NYSE:PAYCGet Rating) last issued its quarterly earnings data on Tuesday, November 1st. The software maker reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.11. Paycom Software had a net margin of 19.40% and a return on equity of 24.24%. The business had revenue of $334.17 million during the quarter, compared to analysts’ expectations of $328.09 million. As a group, equities analysts predict that Paycom Software will post 4.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paycom Software

Several hedge funds have recently added to or reduced their stakes in PAYC. Allianz Asset Management GmbH increased its position in shares of Paycom Software by 297.5% in the second quarter. Allianz Asset Management GmbH now owns 578,175 shares of the software maker’s stock worth $161,958,000 after purchasing an additional 432,727 shares during the period. FMR LLC increased its position in shares of Paycom Software by 130.8% in the second quarter. FMR LLC now owns 700,963 shares of the software maker’s stock worth $196,353,000 after purchasing an additional 397,296 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Paycom Software by 47.8% in the first quarter. Goldman Sachs Group Inc. now owns 877,824 shares of the software maker’s stock worth $304,061,000 after purchasing an additional 283,892 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Paycom Software by 373.7% in the third quarter. Los Angeles Capital Management LLC now owns 283,116 shares of the software maker’s stock worth $93,425,000 after purchasing an additional 223,351 shares during the period. Finally, Balyasny Asset Management LLC increased its position in shares of Paycom Software by 456.2% in the third quarter. Balyasny Asset Management LLC now owns 213,415 shares of the software maker’s stock worth $70,425,000 after purchasing an additional 175,042 shares during the period. Institutional investors and hedge funds own 88.58% of the company’s stock.

About Paycom Software

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Paycom Software, Inc engages in the provision of cloud-based human capital management (HCM) software solutions delivered as Software-as-a-Service. It offers functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. Its solutions include talent acquisition, time and labor management, payroll, talent management, and human resource management.

Further Reading

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Analyst Recommendations for Paycom Software (NYSE:PAYC)

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