Paycom Software - PAYC Stock Forecast, Price & News

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. The company's HCM solution provides a suite of applications in the areas of talent acquisition, including applicant tracking, candidate tracker, background checks, on-boarding, e-verify, and tax credit services; and time and labor management, such as time and attendance, scheduling/schedule exchange, time-off requests, labor allocation, labor management reports/push reporting, and geofencing/geotracking, and Microfence, a proprietary Bluetooth. Its HCM solution also offers payroll applications comprising better employee transaction interface, payroll and tax management, Paycom pay, expense management, mileage tracker/fixed and variable rates, garnishment management, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, position management, and Paycom learning and content subscriptions, as well as my analytics, which offer employment predictor reporting. In addition, its HCM solution provides manager on-the-go that gives supervisors and managers the ability to perform a variety of tasks, such as approving time-off requests and expense reimbursements; direct data exchange; ask here, a tool for direct line of communication to ask work-related questions; document and checklist; government and compliance; benefits administration/benefits to carrier; COBRA administration; personnel action and performance discussion forms; surveys; and affordable care act applications, as well as Clue, which securely collect, track, and manage the vaccination and testing data of the workforce. Paycom Software, Inc. was founded in 1998 and is headquartered in Oklahoma City, Oklahoma.

Analyst Upgrades and Downgrades

PAYC has been the topic of several research reports. Barclays upped their target price on Paycom Software to $339.00 in a report on Tuesday. Cowen raised their price objective on Paycom Software to $400.00 in a research note on Tuesday. Wolfe Research increased their target price on Paycom Software from $375.00 to $400.00 and gave the stock an "outperform" rating in a report on Thursday, August 4th. Jefferies Financial Group reaffirmed a "buy" rating and set a $335.00 target price on shares of Paycom Software in a report on Wednesday, August 3rd. Finally, KeyCorp increased their target price on Paycom Software from $340.00 to $390.00 and gave the stock an "overweight" rating in a report on Wednesday, August 3rd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Paycom Software has an average rating of "Moderate Buy" and a consensus target price of $379.73.

Paycom Software Stock Up 4.2 %

Shares of Paycom Software stock opened at $393.91 on Friday. The business's fifty day moving average price is $312.07 and its two-hundred day moving average price is $314.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $23.65 billion, a P/E ratio of 100.23, a PEG ratio of 3.38 and a beta of 1.50. Paycom Software has a 1-year low of $255.82 and a 1-year high of $558.97.

Insider Buying and Selling at Paycom Software

In other news, insider Holly Faurot sold 5,431 shares of Paycom Software stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $277.55, for a total transaction of $1,507,374.05. Following the transaction, the insider now directly owns 38,289 shares in the company, valued at approximately $10,627,111.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Frederick C. Peters II sold 1,000 shares of Paycom Software stock in a transaction on Monday, August 8th. The stock was sold at an average price of $371.17, for a total value of $371,170.00. Following the transaction, the director now directly owns 15,778 shares in the company, valued at approximately $5,856,320.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Holly Faurot sold 5,431 shares of Paycom Software stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $277.55, for a total value of $1,507,374.05. Following the transaction, the insider now owns 38,289 shares in the company, valued at approximately $10,627,111.95. The disclosure for this sale can be found here. 15.20% of the stock is owned by company insiders.