Paycom Software (NYSE:PAYC) had its target price lifted by Jefferies Financial Group to $180.00 in a research note issued to investors on Wednesday morning, The Fly reports. The firm currently has a buy rating on the software maker’s stock.

PAYC has been the subject of several other research reports. Canaccord Genuity dropped their price objective on shares of Paycom Software from $150.00 to $140.00 and set a hold rating for the company in a research note on Wednesday, October 31st. Needham & Company LLC raised their price target on shares of Paycom Software to $150.00 and gave the company a buy rating in a research note on Wednesday, October 31st. ValuEngine raised shares of Paycom Software from a hold rating to a buy rating in a research note on Monday, November 26th. Credit Suisse Group raised their price target on shares of Paycom Software from $110.00 to $125.00 and gave the company a neutral rating in a research note on Wednesday, October 31st. Finally, Royal Bank of Canada raised their price target on shares of Paycom Software to $139.00 and gave the company a market perform rating in a research note on Monday, February 4th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Paycom Software presently has a consensus rating of Hold and an average target price of $148.87.

Shares of NYSE:PAYC opened at $175.96 on Wednesday. Paycom Software has a 12-month low of $80.39 and a 12-month high of $179.22. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 80.72, a price-to-earnings-growth ratio of 2.43 and a beta of 1.78. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.09.

Paycom Software (NYSE:PAYC) last announced its earnings results on Tuesday, February 5th. The software maker reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.13. Paycom Software had a net margin of 24.20% and a return on equity of 38.66%. The firm had revenue of $150.33 million for the quarter, compared to analyst estimates of $144.10 million. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue was up 31.8% compared to the same quarter last year. Equities analysts expect that Paycom Software will post 2.76 earnings per share for the current fiscal year.

In related news, CFO Craig E. Boelte sold 12,000 shares of Paycom Software stock in a transaction on Wednesday, January 9th. The shares were sold at an average price of $128.78, for a total transaction of $1,545,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.24% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Paycom Software by 1.1% during the fourth quarter. BlackRock Inc. now owns 2,212,593 shares of the software maker’s stock worth $270,933,000 after buying an additional 23,876 shares during the last quarter. Tocqueville Asset Management L.P. raised its stake in Paycom Software by 0.8% during the fourth quarter. Tocqueville Asset Management L.P. now owns 131,205 shares of the software maker’s stock worth $16,066,000 after buying an additional 1,075 shares during the last quarter. Lisanti Capital Growth LLC raised its stake in Paycom Software by 39.6% during the fourth quarter. Lisanti Capital Growth LLC now owns 10,420 shares of the software maker’s stock worth $1,276,000 after buying an additional 2,955 shares during the last quarter. Karp Capital Management Corp raised its stake in Paycom Software by 2.5% during the fourth quarter. Karp Capital Management Corp now owns 7,855 shares of the software maker’s stock worth $962,000 after buying an additional 195 shares during the last quarter. Finally, Lindbrook Capital LLC bought a new position in Paycom Software during the fourth quarter worth $61,000. 77.46% of the stock is owned by institutional investors and hedge funds.

About Paycom Software

Paycom Software, Inc provides cloud-based human capital management (HCM) software service for small to mid-sized companies in the United States. It provides functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company's HCM solution offers 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.

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The Fly

Analyst Recommendations for Paycom Software (NYSE:PAYC)

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