Paycom Software (NYSE:PAYC) Stock Rating Upgraded by Wall Street Zen

Paycom Software (NYSE:PAYC) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

PAYC has been the topic of a number of other reports. KeyCorp lifted their price objective on shares of Paycom Software from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Zacks Research upgraded shares of Paycom Software from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Weiss Ratings raised shares of Paycom Software from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Stifel Nicolaus lifted their price target on shares of Paycom Software from $120.00 to $200.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Finally, Barclays boosted their price target on shares of Paycom Software from $154.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Paycom Software has a consensus rating of “Hold” and a consensus target price of $208.08.

Paycom Software Stock Up 0.2%

PAYC stock opened at $239.00 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $10.77 billion, a P/E ratio of 25.40, a P/E/G ratio of 1.32 and a beta of 0.75. Paycom Software has a fifty-two week low of $104.90 and a fifty-two week high of $242.50. The business has a 50-day moving average of $171.24 and a 200-day moving average of $143.59.

Paycom Software (NYSE:PAYC) last announced its earnings results on Wednesday, August 5th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.40. The business had revenue of $531.20 million for the quarter, compared to analyst estimates of $513.12 million. Paycom Software had a return on equity of 37.06% and a net margin of 22.78%.Paycom Software’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.06 EPS. On average, sell-side analysts anticipate that Paycom Software will post 10.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paycom Software

Several large investors have recently made changes to their positions in the stock. Fluent Financial LLC bought a new position in Paycom Software during the second quarter worth about $2,439,000. Principal Financial Group Inc. increased its position in Paycom Software by 290.5% during the first quarter. Principal Financial Group Inc. now owns 243,762 shares of the software maker’s stock worth $29,627,000 after buying an additional 181,346 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Paycom Software by 1,151.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 170,854 shares of the software maker’s stock valued at $27,227,000 after buying an additional 157,201 shares during the period. Janus Henderson Group PLC raised its stake in Paycom Software by 467.2% in the first quarter. Janus Henderson Group PLC now owns 23,200 shares of the software maker’s stock valued at $2,819,000 after buying an additional 19,110 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Paycom Software in the fourth quarter valued at approximately $8,376,000. Institutional investors and hedge funds own 87.77% of the company’s stock.

Paycom Software Company Profile

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.