UBS Group Has Lowered Expectations for Paycom Software (NYSE:PAYC) Stock Price

Paycom Software (NYSE:PAYC) had its price target lowered by stock analysts at UBS Group from $245.00 to $210.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. UBS Group’s target price would indicate a potential upside of 43.58% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. BTIG Research initiated coverage on Paycom Software in a research note on Wednesday, December 17th. They set a “buy” rating and a $195.00 target price for the company. Jefferies Financial Group reduced their price objective on shares of Paycom Software from $225.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Paycom Software in a research note on Monday, December 29th. Barclays lowered their price objective on shares of Paycom Software from $210.00 to $185.00 and set an “equal weight” rating for the company in a research report on Monday, January 12th. Finally, Mizuho cut their target price on Paycom Software from $220.00 to $180.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $209.64.

Paycom Software Price Performance

PAYC traded down $6.03 during trading on Monday, reaching $146.26. 919,517 shares of the company’s stock were exchanged, compared to its average volume of 810,497. Paycom Software has a 1 year low of $142.88 and a 1 year high of $267.76. The stock has a market capitalization of $8.23 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82. The company’s fifty day simple moving average is $159.57 and its 200-day simple moving average is $193.85.

Paycom Software (NYSE:PAYC) last issued its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The company had revenue of $493.30 million during the quarter, compared to analyst estimates of $492.62 million. During the same period last year, the firm earned $1.67 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities analysts forecast that Paycom Software will post 7.15 EPS for the current year.

Insider Activity at Paycom Software

In other Paycom Software news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $162.66, for a total transaction of $211,458.00. Following the completion of the transaction, the chief financial officer owned 14,747 shares in the company, valued at $2,398,747.02. The trade was a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.90% of the company’s stock.

Institutional Trading of Paycom Software

Hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in Paycom Software by 7.6% during the third quarter. UMB Bank n.a. now owns 789 shares of the software maker’s stock worth $164,000 after purchasing an additional 56 shares in the last quarter. Applied Finance Capital Management LLC raised its stake in shares of Paycom Software by 4.3% during the 2nd quarter. Applied Finance Capital Management LLC now owns 1,425 shares of the software maker’s stock worth $330,000 after buying an additional 59 shares in the last quarter. ORG Wealth Partners LLC lifted its holdings in shares of Paycom Software by 4.4% in the 3rd quarter. ORG Wealth Partners LLC now owns 1,390 shares of the software maker’s stock valued at $289,000 after buying an additional 59 shares during the period. Wallace Advisory Group LLC boosted its stake in shares of Paycom Software by 2.7% in the second quarter. Wallace Advisory Group LLC now owns 2,262 shares of the software maker’s stock valued at $494,000 after buying an additional 60 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in Paycom Software by 4.0% during the third quarter. Mackenzie Financial Corp now owns 1,624 shares of the software maker’s stock worth $338,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

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.