ValuEngine lowered shares of Paycom Software (NYSE:PAYC) from a buy rating to a hold rating in a research note published on Tuesday morning.

A number of other research analysts have also issued reports on the company. Zacks Investment Research reiterated a buy rating and set a $141.00 price target on shares of Paycom Software in a research report on Wednesday, November 14th. Needham & Company LLC boosted their price target on Paycom Software to $150.00 and gave the stock a buy rating in a research report on Wednesday, October 31st. Credit Suisse Group boosted their price target on Paycom Software from $110.00 to $125.00 and gave the stock a neutral rating in a research report on Wednesday, October 31st. Jefferies Financial Group boosted their price target on Paycom Software to $139.00 and gave the stock a buy rating in a research report on Wednesday, October 31st. Finally, Canaccord Genuity reduced their price target on Paycom Software from $150.00 to $140.00 and set a hold rating for the company in a research report on Wednesday, October 31st. Ten investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $126.82.

NYSE:PAYC opened at $114.00 on Tuesday. Paycom Software has a 12-month low of $75.39 and a 12-month high of $164.08. The company has a market cap of $6.63 billion, a P/E ratio of 129.55, a P/E/G ratio of 2.05 and a beta of 1.83. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.09.

Paycom Software (NYSE:PAYC) last released its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. Paycom Software had a return on equity of 39.19% and a net margin of 22.37%. The business had revenue of $133.29 million during the quarter, compared to analyst estimates of $130.52 million. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue for the quarter was up 31.6% compared to the same quarter last year. Equities analysts expect that Paycom Software will post 2.15 EPS for the current fiscal year.

In other news, insider Jeffrey D. York sold 50,000 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $152.53, for a total value of $7,626,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kathy Oden-Hall sold 2,000 shares of the business’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $140.21, for a total value of $280,420.00. The disclosure for this sale can be found here. Insiders sold a total of 69,200 shares of company stock worth $10,579,076 in the last three months. Company insiders own 16.24% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of Paycom Software by 3.9% in the 3rd quarter. Legal & General Group Plc now owns 23,359 shares of the software maker’s stock worth $3,630,000 after buying an additional 885 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Paycom Software by 16,402.1% in the 3rd quarter. Rehmann Capital Advisory Group now owns 32,014 shares of the software maker’s stock worth $206,000 after buying an additional 31,820 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Paycom Software by 16.5% during the third quarter. TIAA CREF Investment Management LLC now owns 137,232 shares of the software maker’s stock worth $21,327,000 after purchasing an additional 19,485 shares during the period. Teachers Advisors LLC raised its position in shares of Paycom Software by 26.6% during the third quarter. Teachers Advisors LLC now owns 77,877 shares of the software maker’s stock worth $12,103,000 after purchasing an additional 16,355 shares during the period. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in shares of Paycom Software during the third quarter worth $518,000. 79.89% of the stock is currently owned by institutional investors.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Paycom Software (NYSE:PAYC)

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