Paycom Software, Inc. (NYSE:PAYC) Receives Consensus Rating of “Hold” from Brokerages

Paycom Software, Inc. (NYSE:PAYC) has been assigned a consensus rating of “Hold” from the seventeen analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $202.8571.

Several equities analysts recently weighed in on PAYC shares. Weiss Ratings lowered shares of Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 3rd. KeyCorp reduced their target price on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. BTIG Research initiated coverage on shares of Paycom Software in a research note on Wednesday, December 17th. They set a “buy” rating and a $195.00 price target for the company. Mizuho dropped their price objective on Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Citigroup reduced their price objective on Paycom Software from $191.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, December 23rd.

Paycom Software Price Performance

Shares of NYSE:PAYC opened at $130.91 on Monday. Paycom Software has a 1 year low of $122.61 and a 1 year high of $267.76. The company has a market capitalization of $7.37 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.38 and a beta of 0.79. The business has a fifty day moving average price of $154.25 and a two-hundred day moving average price of $187.35.

Insider Buying and Selling at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of Paycom Software stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total value of $211,458.00. Following the completion of the sale, the chief financial officer owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This trade represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 10.90% of the company’s stock.

Hedge Funds Weigh In On Paycom Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC lifted its stake in shares of Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock valued at $25,000 after buying an additional 142 shares in the last quarter. Caitlin John LLC bought a new stake in Paycom Software during the 3rd quarter valued at $29,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Paycom Software during the second quarter worth $29,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Paycom Software in the third quarter worth $31,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Paycom Software in the second quarter valued at $33,000. Institutional investors own 87.77% of the company’s stock.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.