Paycom Software (NYSE:PAYC) had its price target raised by Barclays from $96.00 to $97.00 in a report published on Wednesday. Barclays currently has an overweight rating on the software maker’s stock.

A number of other brokerages have also weighed in on PAYC. Jefferies Group lifted their price target on shares of Paycom Software from $85.00 to $95.00 and gave the company a buy rating in a report on Wednesday, November 1st. Royal Bank of Canada reiterated a hold rating and issued a $74.00 price target on shares of Paycom Software in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Paycom Software from a hold rating to a buy rating and set a $87.00 target price on the stock in a report on Friday, November 3rd. Bank of America assumed coverage on shares of Paycom Software in a report on Monday, November 6th. They set a buy rating and a $92.00 target price on the stock. Finally, Mizuho restated a neutral rating and set a $80.00 target price (down previously from $85.00) on shares of Paycom Software in a report on Wednesday. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $87.39.

Paycom Software (PAYC) opened at $84.50 on Wednesday. The firm has a market cap of $5,046.25, a price-to-earnings ratio of 74.66, a price-to-earnings-growth ratio of 2.80 and a beta of 1.70. Paycom Software has a 1-year low of $44.25 and a 1-year high of $93.61. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.21.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. The company had revenue of $114.00 million for the quarter, compared to analyst estimates of $113.01 million. Paycom Software had a net margin of 15.43% and a return on equity of 45.18%. Paycom Software’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS. equities research analysts expect that Paycom Software will post 1.09 earnings per share for the current year.

In related news, CFO Craig E. Boelte sold 11,000 shares of Paycom Software stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $78.92, for a total transaction of $868,120.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert J. Levenson sold 18,750 shares of Paycom Software stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $88.89, for a total transaction of $1,666,687.50. The disclosure for this sale can be found here. Insiders have sold a total of 79,750 shares of company stock worth $6,533,308 in the last ninety days. 17.90% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC increased its position in shares of Paycom Software by 209.4% in the 4th quarter. Penserra Capital Management LLC now owns 68,235 shares of the software maker’s stock worth $5,481,000 after purchasing an additional 46,180 shares during the last quarter. Texas Yale Capital Corp. increased its position in shares of Paycom Software by 24.4% in the 4th quarter. Texas Yale Capital Corp. now owns 7,000 shares of the software maker’s stock worth $562,000 after purchasing an additional 1,375 shares during the last quarter. Swiss National Bank increased its position in shares of Paycom Software by 2.5% in the 4th quarter. Swiss National Bank now owns 81,197 shares of the software maker’s stock worth $6,523,000 after purchasing an additional 2,000 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Paycom Software by 18.5% in the 4th quarter. California Public Employees Retirement System now owns 51,764 shares of the software maker’s stock worth $4,158,000 after purchasing an additional 8,068 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Paycom Software by 316.9% in the 4th quarter. Teacher Retirement System of Texas now owns 16,346 shares of the software maker’s stock worth $1,313,000 after purchasing an additional 12,425 shares during the last quarter. 87.88% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Paycom Software (PAYC) PT Raised to $97.00 at Barclays” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://www.watchlistnews.com/paycom-software-payc-pt-raised-to-97-00-at-barclays/1852348.html.

Paycom Software Company Profile

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.

Analyst Recommendations for Paycom Software (NYSE:PAYC)

Receive News & Ratings for Paycom Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paycom Software and related companies with MarketBeat.com's FREE daily email newsletter.