Paycom Software (NYSE:PAYC) Raised to Hold at Zacks Research

Paycom Software (NYSE:PAYC) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings cut Paycom Software from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 3rd. Mizuho decreased their price objective on shares of Paycom Software from $180.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Jefferies Financial Group reduced their price target on Paycom Software from $190.00 to $130.00 and set a “hold” rating for the company in a report on Thursday, February 12th. BMO Capital Markets lowered their price objective on Paycom Software from $175.00 to $137.00 and set a “market perform” rating for the company in a research note on Thursday, February 12th. Finally, Guggenheim cut their target price on Paycom Software from $210.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $168.57.

Paycom Software Stock Down 3.3%

Paycom Software stock traded down $3.95 during midday trading on Wednesday, reaching $116.78. The company’s stock had a trading volume of 311,363 shares, compared to its average volume of 1,514,958. Paycom Software has a fifty-two week low of $104.90 and a fifty-two week high of $267.76. The company has a market cap of $6.57 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.36 and a beta of 0.79. The business has a 50-day simple moving average of $146.95 and a 200-day simple moving average of $181.05.

Paycom Software (NYSE:PAYC) last released its earnings results on Wednesday, February 11th. The software maker reported $2.45 EPS for the quarter, topping the consensus estimate of $2.44 by $0.01. Paycom Software had a net margin of 22.10% and a return on equity of 24.25%. The company had revenue of $544.30 million during the quarter, compared to analysts’ expectations of $542.79 million. During the same quarter last year, the business earned $2.32 EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, equities analysts forecast that Paycom Software will post 7.15 earnings per share for the current year.

Insider Transactions at Paycom Software

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total value of $211,458.00. Following the sale, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.90% of the stock is currently owned by insiders.

Institutional Trading of Paycom Software

A number of large investors have recently added to or reduced their stakes in PAYC. Reinhart Partners LLC. lifted its position in shares of Paycom Software by 887.4% during the 4th quarter. Reinhart Partners LLC. now owns 598,323 shares of the software maker’s stock valued at $95,351,000 after acquiring an additional 537,726 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Paycom Software by 10,106.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock worth $101,355,000 after purchasing an additional 482,186 shares in the last quarter. Contour Asset Management LLC acquired a new stake in Paycom Software during the 4th quarter worth about $60,333,000. Two Sigma Investments LP lifted its stake in Paycom Software by 228.7% during the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock valued at $110,756,000 after buying an additional 370,219 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Paycom Software by 28.2% in the fourth quarter. Invesco Ltd. now owns 1,559,682 shares of the software maker’s stock worth $248,551,000 after buying an additional 343,494 shares during the period. 87.77% of the stock is currently owned by institutional investors.

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.