Paycom Software (NYSE:PAYC) Price Target Lowered to $135.00 at Cantor Fitzgerald

Paycom Software (NYSE:PAYC) had its target price cut by Cantor Fitzgerald from $170.00 to $135.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. Cantor Fitzgerald’s price target points to a potential upside of 0.67% from the company’s current price.

Several other research analysts also recently commented on PAYC. BMO Capital Markets restated a “market perform” rating and set a $175.00 price objective on shares of Paycom Software in a research report on Friday, January 16th. JPMorgan Chase & Co. reduced their price objective 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. UBS Group dropped their target price on shares of Paycom Software from $245.00 to $210.00 and set a “buy” rating for the company in a report on Monday. TD Cowen dropped their price objective on shares of Paycom Software from $200.00 to $184.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Finally, Jefferies Financial Group decreased their target price on shares of Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Paycom Software presently has an average rating of “Hold” and a consensus price target of $202.86.

Paycom Software Trading Down 4.0%

Shares of NYSE:PAYC traded down $5.55 on Thursday, reaching $134.11. 90,553 shares of the company’s stock were exchanged, compared to its average volume of 854,755. Paycom Software has a twelve month low of $133.67 and a twelve month high of $267.76. The company has a fifty day moving average of $158.44 and a 200-day moving average of $192.35. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.49 and a beta of 0.82.

Paycom Software (NYSE:PAYC) last issued its quarterly 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). The company had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. Paycom Software had a return on equity of 24.79% and a net margin of 22.65%.The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.67 EPS. As a group, equities research analysts forecast that Paycom Software will post 7.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert D. Foster sold 1,300 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total transaction of $211,458.00. Following the sale, the chief financial officer owned 14,747 shares in the company, valued at $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 available at the SEC website. Company insiders own 10.90% of the company’s stock.

Institutional Trading of Paycom Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allianz Asset Management GmbH lifted its stake in Paycom Software by 10,106.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 486,957 shares of the software maker’s stock valued at $101,355,000 after acquiring an additional 482,186 shares in the last quarter. Two Sigma Investments LP increased its position in Paycom Software by 228.7% in the third quarter. Two Sigma Investments LP now owns 532,124 shares of the software maker’s stock worth $110,756,000 after buying an additional 370,219 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Paycom Software in the third quarter valued at $58,452,000. Robeco Institutional Asset Management B.V. lifted its position in shares of Paycom Software by 230.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 341,286 shares of the software maker’s stock valued at $54,387,000 after buying an additional 238,155 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Paycom Software during the 2nd quarter worth $49,853,000. 87.77% of the stock is owned by hedge funds and other 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.