Paycom Software (NYSE:PAYC) Coverage Initiated by Analysts at BTIG Research

Equities researchers at BTIG Research began coverage on shares of Paycom Software (NYSE:PAYCGet Free Report) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “neutral” rating on the software maker’s stock.

A number of other analysts have also commented on the stock. William Blair lowered shares of Paycom Software from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 1st. Mizuho reduced their price target on shares of Paycom Software from $325.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. Barclays cut their price objective on shares of Paycom Software from $294.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 1st. Oppenheimer restated a “market perform” rating on shares of Paycom Software in a report on Wednesday, November 1st. Finally, UBS Group upped their price objective on shares of Paycom Software from $235.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Sixteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $267.76.

Get Our Latest Analysis on PAYC

Paycom Software Price Performance

PAYC stock opened at $199.03 on Tuesday. Paycom Software has a 12-month low of $146.15 and a 12-month high of $374.04. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.02. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.70 and a beta of 1.21. The company’s fifty day simple moving average is $196.62 and its 200 day simple moving average is $237.43.

Paycom Software (NYSE:PAYCGet Free Report) last posted its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The company had revenue of $434.60 million during the quarter, compared to the consensus estimate of $422.50 million. Paycom Software had a net margin of 20.80% and a return on equity of 25.02%. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 earnings per share. On average, analysts expect that Paycom Software will post 6.02 earnings per share for the current year.

Institutional Investors Weigh In On Paycom Software

Several hedge funds have recently modified their holdings of the business. Fairfield Bush & CO. purchased a new position in shares of Paycom Software during the second quarter worth $27,000. KB Financial Partners LLC acquired a new position in Paycom Software during the 1st quarter worth approximately $28,000. Clear Street Markets LLC boosted its holdings in shares of Paycom Software by 98.0% in the 1st quarter. Clear Street Markets LLC now owns 97 shares of the software maker’s stock valued at $29,000 after buying an additional 48 shares in the last quarter. Lindbrook Capital LLC raised its position in Paycom Software by 5,100.0% during the 2nd quarter. Lindbrook Capital LLC now owns 104 shares of the software maker’s stock worth $33,000 after buying an additional 102 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Paycom Software in the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 88.69% of the company’s stock.

Paycom Software Company Profile

(Get Free Report)

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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Analyst Recommendations for Paycom Software (NYSE:PAYC)

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