Weekly Analysts’ Ratings Updates for Paycom Software (PAYC)

Several brokerages have updated their recommendations and price targets on shares of Paycom Software (NYSE: PAYC) in the last few weeks:

  • 8/2/2017 – Paycom Software had its price target raised by analysts at Credit Suisse Group from $70.00 to $78.00. They now have an “outperform” rating on the stock.
  • 8/2/2017 – Paycom Software had its price target raised by analysts at KeyCorp to $94.00.
  • 8/2/2017 – Paycom Software had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $83.00 price target on the stock, up previously from $73.00.
  • 8/2/2017 – Paycom Software had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $74.00 price target on the stock, up previously from $67.00.
  • 8/2/2017 – Paycom Software had its price target raised by analysts at Oppenheimer Holdings, Inc. from $65.00 to $75.00. They now have an “outperform” rating on the stock.
  • 8/2/2017 – Paycom Software had its price target raised by analysts at Stifel Nicolaus from $67.00 to $80.00. They now have a “buy” rating on the stock.
  • 8/2/2017 – Paycom Software had its price target raised by analysts at Canaccord Genuity from $80.00 to $85.00. They now have a “buy” rating on the stock.
  • 8/1/2017 – Paycom Software had its “hold” rating reaffirmed by analysts at Mizuho. They now have a $70.00 price target on the stock. They wrote, “We believe management continues to execute against the opportunity in the mid-market and await further commentary on the call. 3Q17 revenue outlook largely in-line with consensus; upper end of profitability outlook inline with consensus. For the third quarter, management expects revenue of $99-101mm (up 28-31% Y/Y) vs. consensus of $99.5mm. Adj. EBITDA guidance came in at $21-23mm (or margin of 21-23%; down 50-250bps Y/Y), which compares with consensus of $23mm. Again, we point out that the year-over-year decline in margins is the result of tough compares vs. FY16 as a result of timing of ACA-related pull-ins of new business. Margin guidance compares with consensus estimates of 22.7%. We are reviewing our estimates. The conference call is scheduled for 5PM ET. Dial-in number for the call is (866) 270-1533.””
  • 7/19/2017 – Paycom Software had its “buy” rating reaffirmed by analysts at Barclays PLC. They now have a $74.00 price target on the stock.
  • 7/10/2017 – Paycom Software was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $70.00 price target on the stock.
  • 7/3/2017 – Paycom Software had its “buy” rating reaffirmed by analysts at Credit Suisse Group.
  • 6/29/2017 – Paycom Software was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/27/2017 – Paycom Software had its price target raised by analysts at Canaccord Genuity from $70.00 to $80.00. They now have a “buy” rating on the stock.
  • 6/8/2017 – Paycom Software had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $73.00 price target on the stock.

Paycom Software, Inc. (NYSE:PAYC) traded up 1.88% during mid-day trading on Thursday, reaching $69.39. 717,355 shares of the company traded hands. The stock’s 50 day moving average price is $69.35 and its 200 day moving average price is $60.49. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 80.69 and a beta of 1.75. Paycom Software, Inc. has a 52 week low of $39.15 and a 52 week high of $73.61.

Paycom Software (NYSE:PAYC) last posted its earnings results on Tuesday, August 1st. The software maker reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.11. Paycom Software had a return on equity of 36.71% and a net margin of 14.28%. The firm had revenue of $98.20 million during the quarter, compared to analyst estimates of $95.98 million. During the same period in the previous year, the company earned $0.21 EPS. The company’s revenue for the quarter was up 32.9% on a year-over-year basis. Equities analysts forecast that Paycom Software, Inc. will post $1.09 EPS for the current year.

In other Paycom Software news, insider Stacey M. Pezold sold 30,000 shares of Paycom Software stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $70.15, for a total value of $2,104,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey D. York sold 40,000 shares of Paycom Software stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $66.93, for a total value of $2,677,200.00. The disclosure for this sale can be found here. 17.90% of the stock is currently owned by insiders.

Paycom Software, Inc is a provider of a cloud-based human capital management (HCM) software solution delivered as Software-as-a-Service (SaaS). The Company provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement. The Company’s applications streamline client processes and provide clients and their employees with the ability to directly access and manage administrative processes, including applications that identify candidates, on-board employees, manage time and labor, administer payroll deductions and benefits, manage performance, terminate employees and administer post-termination health benefits, such as COBRA.

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