Paycom Software (NYSE:PAYC - Get Free Report ) had its price target cut by equities researchers at Mizuho from $185.00 to $170.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the software maker's stock. Mizuho's price target points to a potential downside of 2.55% from the stock's current price.
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Several other equities research analysts also recently commented on the company. Needham & Company LLC restated a "hold" rating on shares of Paycom Software in a report on Thursday. JPMorgan Chase & Co. increased their price target on Paycom Software from $165.00 to $175.00 and gave the company a "neutral" rating in a research report on Thursday. William Blair reiterated a "market perform" rating on shares of Paycom Software in a research note on Thursday. Barclays dropped their price target on shares of Paycom Software from $193.00 to $184.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, BMO Capital Markets reduced their price objective on shares of Paycom Software from $200.00 to $190.00 and set a "market perform" rating for the company in a research report on Thursday. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Paycom Software has an average rating of "Hold" and a consensus price target of $246.31.
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Paycom Software Price Performance Shares of PAYC traded up $3.15 during trading hours on Monday, hitting $174.44. 732,491 shares of the stock were exchanged, compared to its average volume of 870,644. The business has a 50-day moving average of $189.23 and a 200-day moving average of $192.74. Paycom Software has a fifty-two week low of $146.15 and a fifty-two week high of $374.04. The firm has a market capitalization of $10.14 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 2.84 and a beta of 1.17.
Paycom Software (NYSE:PAYC - Get Free Report ) last announced its earnings results on Wednesday, February 7th. The software maker reported $1.93 EPS for the quarter, beating the consensus estimate of $1.78 by $0.15. The company had revenue of $434.60 million for the quarter, compared to analyst estimates of $422.50 million. Paycom Software had a return on equity of 32.84% and a net margin of 26.91%. The firm's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.38 EPS. As a group, analysts forecast that Paycom Software will post 5.82 earnings per share for the current fiscal year.
Institutional Trading of Paycom Software Several hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC increased its position in shares of Paycom Software by 16,173.6% during the fourth quarter. International Assets Investment Management LLC now owns 787,803 shares of the software maker's stock valued at $162,855,000 after buying an additional 782,962 shares during the period. ValueAct Holdings L.P. purchased a new stake in Paycom Software in the 4th quarter worth approximately $125,686,000. Meritage Group LP purchased a new stake in Paycom Software in the 3rd quarter worth approximately $103,800,000. Boston Trust Walden Corp bought a new position in Paycom Software in the 4th quarter valued at $48,865,000. Finally, DSM Capital Partners LLC purchased a new position in shares of Paycom Software during the 3rd quarter valued at $60,077,000. Institutional investors own 87.77% of the company's stock.
About Paycom Software (
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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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