BMO Capital Markets equity research analysts have begun covering stocks of Paycom Software (NYSE:PAYC) in a note released Tuesday to investors, Briefing.com reports. The brokerage has set a “market performance” rating on the software maker’s shares.
A number of other research firms have also weighed in on PAYC recently. Oppenheimer raised its price target on Paycom Software from $500.00 to $595.00 and gave the stock an “outperform” rating in a Wednesday, Nov. 3, report. Needham & Company LLC raised its price target on Paycom Software from $495.00 to $640.00 and gave the stock a “buy” rating in a Wednesday, November 3 report. Barclays lowered its target price on Paycom Software from $392.00 to $380.00 and set an “equal weight” rating for the company in a Thursday, January 20 research note. DA Davidson upgraded Paycom Software from a “neutral” rating to a “buy” rating and lowered its target price for the company from $550.00 to $385.00 in a Thursday, January 27 research note. Finally, Zacks Investment Research downgraded Paycom Software from a “hold” rating to a “sell” rating and set a target price of $360.00 for the company. in a Friday, January 14, research note. One research analyst has assigned the stock a sell rating, four have assigned a hold rating and ten have assigned the stock a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $431.60.
NYSE PAYC opened at $335.30 on Tuesday. Paycom Software has a fifty-two week minimum of $296.68 and a fifty-two week maximum of $558.97. The stock has a market capitalization of $20.13 billion, a price-to-earnings ratio of 113.66, a growth price-to-earnings ratio of 3.05 and a beta of 1.45. The company has a fifty-day moving average of $389.24 and a 200-day moving average of $447.57. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt ratio of 0.03.
Paycom Software (NYSE: PAYC) last released its quarterly results on Tuesday, November 2. The software maker reported earnings per share of $0.92 for the quarter, beating Zacks consensus estimate of $0.60 by $0.32. Paycom Software had a return on equity of 22.57% and a net margin of 17.31%. The company posted revenue of $256.19 million in the quarter, compared to $250.26 million expected by analysts. In the same period a year earlier, the company posted earnings per share of $0.47. As a group, analysts expect Paycom Software to post an EPS of 3.16 for the current year.
Major investors have recently changed their positions in the company. Ieq Capital LLC acquired a new stake in Paycom Software during the third quarter valued at approximately $1,731,000. Jefferies Group LLC purchased a new stake in the shares of Paycom Software in the second quarter worth approximately $7,487,000. Fisher Asset Management LLC increased its position in Paycom Software shares by 4.6% in the third quarter. Fisher Asset Management LLC now owns 249,417 shares of the software maker worth $123,648,000 after purchasing an additional 10,953 shares during the period. Janney Montgomery Scott LLC increased its position in Paycom Software shares by 11.6% in the third quarter. Janney Montgomery Scott LLC now owns 9,342 shares of the software maker worth $4,631,000 after buying 971 additional shares during the period. Finally, Riverstone Advisors LLC increased its position in Paycom Software shares by 0.7% in the third quarter. Riverstone Advisors LLC now owns 45,891 shares of the software maker worth $22,750,000 after buying 303 additional shares during the period. Institutional investors hold 72.78% of the company’s shares.
About Paycom Software
Paycom Software, Inc provides comprehensive cloud-based human capital management (HCM) software solutions delivered as software as a service. It provides features and data analytics businesses need to manage the full employment lifecycle, from recruitment to retirement. Its solutions require virtually no customization and are based on a central system of record maintained in a single database for all HCM functions, including talent acquisition, time and labor management. , payroll, talent management and human resource management applications.
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