Paycom Software (NYSE:PAYC) Given New $210.00 Price Target at UBS Group

Paycom Software (NYSE:PAYC) had its price objective decreased by equities research analysts at UBS Group from $245.00 to $210.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. UBS Group’s price target points to a potential upside of 43.58% from the company’s current price.

A number of other analysts have also issued reports on PAYC. KeyCorp decreased their target price on shares of Paycom Software from $290.00 to $250.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. BTIG Research started coverage on Paycom Software in a report on Wednesday, December 17th. They set a “buy” rating and a $195.00 price objective on the stock. Barclays lowered their price objective on Paycom Software from $210.00 to $185.00 and set an “equal weight” rating for the company in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Paycom Software in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. decreased their price target on Paycom Software from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $209.64.

Paycom Software Stock Down 4.0%

NYSE PAYC traded down $6.03 during mid-day trading on Monday, hitting $146.26. The stock had a trading volume of 919,517 shares, compared to its average volume of 810,497. The company has a 50 day simple moving average of $159.57 and a 200 day simple moving average of $193.85. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 1.56 and a beta of 0.82. Paycom Software has a 52-week low of $142.88 and a 52-week high of $267.76.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The business had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. During the same quarter in the previous year, the firm posted $1.67 EPS. The business’s revenue was up 9.2% on a year-over-year basis. As a group, equities analysts anticipate that Paycom Software will post 7.15 earnings per share for the current fiscal year.

Insider Transactions at Paycom Software

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the sale, the chief financial officer directly owned 14,747 shares of the company’s stock, valued at approximately $2,398,747.02. This represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC acquired a new position in shares of Paycom Software in the 2nd quarter valued at approximately $29,000. Caitlin John LLC bought a new stake in shares of Paycom Software in the third quarter worth $29,000. MUFG Securities EMEA plc acquired a new stake in Paycom Software in the second quarter valued at $33,000. Steigerwald Gordon & Koch Inc. bought a new position in Paycom Software during the 3rd quarter valued at $31,000. Finally, True Wealth Design LLC grew its holdings in Paycom Software by 946.7% during the 4th quarter. True Wealth Design LLC now owns 157 shares of the software maker’s stock worth $25,000 after acquiring an additional 142 shares in the last quarter. 87.77% of the stock is owned by hedge funds and other institutional investors.

Paycom Software Company Profile

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.