Paycom Software (NYSE:PAYC - Get Free Report)'s stock had its "hold" rating reiterated by Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports.
A number of other analysts have also recently commented on the company. Piper Sandler upped their price target on Paycom Software from $160.00 to $191.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Mizuho lifted their price objective on Paycom Software from $190.00 to $210.00 and gave the company a "neutral" rating in a research report on Friday, December 13th. Barclays lowered their price objective on Paycom Software from $229.00 to $221.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their price objective on Paycom Software from $170.00 to $175.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Finally, TD Cowen lifted their price objective on Paycom Software from $193.00 to $248.00 and gave the company a "hold" rating in a research report on Monday, December 9th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $209.22.
Read Our Latest Report on Paycom Software
Paycom Software Stock Performance
Shares of PAYC stock traded down $2.26 during mid-day trading on Thursday, hitting $209.72. The company's stock had a trading volume of 900,247 shares, compared to its average volume of 454,779. Paycom Software has a 52-week low of $139.50 and a 52-week high of $242.74. The business has a 50-day moving average price of $210.30 and a 200 day moving average price of $192.20. The stock has a market cap of $12.09 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.81 and a beta of 1.15.
Paycom Software (NYSE:PAYC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.03. Paycom Software had a return on equity of 32.90% and a net margin of 25.78%. Equities research analysts predict that Paycom Software will post 6.88 EPS for the current fiscal year.
Institutional Trading of Paycom Software
A number of large investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in Paycom Software by 137.8% in the 4th quarter. FMR LLC now owns 2,396,452 shares of the software maker's stock worth $491,201,000 after acquiring an additional 1,388,533 shares during the last quarter. Sylebra Capital LLC increased its stake in Paycom Software by 0.3% in the 3rd quarter. Sylebra Capital LLC now owns 1,962,468 shares of the software maker's stock worth $326,888,000 after acquiring an additional 5,000 shares during the last quarter. Geode Capital Management LLC increased its stake in Paycom Software by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 1,516,768 shares of the software maker's stock worth $310,245,000 after acquiring an additional 89,848 shares during the last quarter. Northern Trust Corp increased its stake in Paycom Software by 10.9% in the 4th quarter. Northern Trust Corp now owns 724,016 shares of the software maker's stock worth $148,402,000 after acquiring an additional 70,897 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Paycom Software by 1.0% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 627,510 shares of the software maker's stock worth $104,524,000 after acquiring an additional 6,488 shares during the last quarter. Institutional investors own 87.77% of the company's stock.
About Paycom Software
(
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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