Paycom Software (NYSE:PAYC) was upgraded by stock analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued on Tuesday, MarketBeat.com reports.

PAYC has been the topic of several other research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Paycom Software in a research report on Wednesday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Paycom Software from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Oppenheimer reaffirmed a “buy” rating and issued a $88.00 price objective (up previously from $75.00) on shares of Paycom Software in a research report on Wednesday, November 1st. Northland Securities set a $101.00 price objective on shares of Paycom Software and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price objective on shares of Paycom Software in a research report on Friday, November 3rd. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $88.56.

Shares of Paycom Software (NYSE PAYC) opened at $92.08 on Tuesday. The company has a market cap of $5,320.00, a PE ratio of 80.77, a price-to-earnings-growth ratio of 2.10 and a beta of 1.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05. Paycom Software has a 12-month low of $51.80 and a 12-month high of $93.61.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Tuesday, February 6th. The software maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. The business had revenue of $114.00 million for the quarter, compared to analyst estimates of $113.01 million. Paycom Software had a net margin of 15.43% and a return on equity of 45.18%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. equities analysts forecast that Paycom Software will post 1.56 EPS for the current year.

In related news, CFO Craig E. Boelte sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total transaction of $868,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Levenson sold 18,750 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $88.89, for a total transaction of $1,666,687.50. The disclosure for this sale can be found here. In the last three months, insiders sold 79,750 shares of company stock worth $6,533,308. Insiders own 17.90% of the company’s stock.

Large investors have recently modified their holdings of the stock. Eqis Capital Management Inc. grew its stake in Paycom Software by 13.8% during the third quarter. Eqis Capital Management Inc. now owns 5,676 shares of the software maker’s stock valued at $425,000 after acquiring an additional 687 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Paycom Software by 10.7% during the third quarter. Mutual of America Capital Management LLC now owns 41,851 shares of the software maker’s stock valued at $3,137,000 after acquiring an additional 4,050 shares in the last quarter. Stifel Financial Corp grew its stake in Paycom Software by 42.2% during the third quarter. Stifel Financial Corp now owns 12,630 shares of the software maker’s stock valued at $946,000 after acquiring an additional 3,748 shares in the last quarter. Chicago Equity Partners LLC grew its stake in Paycom Software by 211.0% during the third quarter. Chicago Equity Partners LLC now owns 24,785 shares of the software maker’s stock valued at $1,858,000 after acquiring an additional 16,815 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Paycom Software during the third quarter valued at approximately $804,000. 87.12% of the stock is owned by institutional investors.

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Paycom Software Company Profile

Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.

Analyst Recommendations for Paycom Software (NYSE:PAYC)

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