Jefferies Financial Group Lowers Paycom Software (NYSE:PAYC) Price Target to $225.00

Key Points

• Jefferies Financial Group has reduced its price target for Paycom Software from $250.00 to $225.00, maintaining a "hold" rating on the stock.
• The current stock price of Paycom Software presents a potential upside of 11.55% based on the new target, with a market cap of $11.67 billion.
• Overall, the stock is rated as a "Hold" by consensus among analysts, with four analysts issuing "Buy" ratings and eleven issuing "Hold" ratings.

Paycom Software (NYSE:PAYC - Get Free Report) had its price objective reduced by analysts at Jefferies Financial Group from $250.00 to $225.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the software maker's stock. Jefferies Financial Group's price target points to a potential upside of 11.55% from the stock's current price.

PAYC has been the topic of several other research reports. UBS Group cut their price target on shares of Paycom Software from $310.00 to $285.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Paycom Software in a research note on Wednesday, October 8th. TD Cowen raised Paycom Software from a "hold" rating to a "buy" rating and raised their price objective for the company from $246.00 to $258.00 in a research report on Monday, September 22nd. Barclays upped their target price on Paycom Software from $240.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Finally, BMO Capital Markets raised their target price on Paycom Software from $244.00 to $258.00 and gave the company a "market perform" rating in a report on Thursday, August 7th. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $245.62.

Paycom Software Stock Performance

Shares of PAYC traded up $1.88 during trading hours on Monday, hitting $201.70. The stock had a trading volume of 97,145 shares, compared to its average volume of 639,535. The firm has a market cap of $11.67 billion, a P/E ratio of 27.29, a P/E/G ratio of 2.19 and a beta of 0.82. The company's fifty day simple moving average is $218.98 and its 200 day simple moving average is $229.02. Paycom Software has a 12-month low of $161.24 and a 12-month high of $267.76.

Paycom Software (NYSE:PAYC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The software maker reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.28. The company had revenue of $483.60 million for the quarter, compared to the consensus estimate of $472.00 million. Paycom Software had a return on equity of 25.40% and a net margin of 21.22%.The company's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business posted $1.62 EPS. As a group, sell-side analysts predict that Paycom Software will post 7.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Paycom Software

In other Paycom Software news, insider Bradley Scott Smith sold 1,500 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $223.27, for a total transaction of $334,905.00. Following the completion of the sale, the insider owned 24,533 shares in the company, valued at $5,477,482.91. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.90% of the company's stock.

Institutional Investors Weigh In On Paycom Software

A number of institutional investors have recently modified their holdings of the business. Congress Asset Management Co. bought a new stake in shares of Paycom Software during the 3rd quarter valued at about $359,000. Amiral Gestion grew its holdings in shares of Paycom Software by 192.2% during the third quarter. Amiral Gestion now owns 81,766 shares of the software maker's stock valued at $17,019,000 after purchasing an additional 53,787 shares during the last quarter. Czech National Bank grew its holdings in shares of Paycom Software by 6.7% during the third quarter. Czech National Bank now owns 12,716 shares of the software maker's stock valued at $2,647,000 after purchasing an additional 804 shares during the last quarter. GAMMA Investing LLC grew its stake in Paycom Software by 12.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,593 shares of the software maker's stock worth $332,000 after buying an additional 182 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in Paycom Software by 6.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,190 shares of the software maker's stock worth $507,000 after buying an additional 132 shares during the last quarter. Institutional investors own 87.77% of the company's stock.

Paycom Software Company Profile

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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