Stocks of Paycom Software Inc (NYSE:PAYC) traded higher last session on Wall Street, up 7.94% to $162.66.
According to the data, Paycom Software Inc (NYSE:PAYC) has 22 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $400.00 and a low of $140.00, we find $190.00. Given the previous closing price of $150.69, this indicates a potential upside of 26.09 percent. PAYC stock price is now -39.41% away from the 50-day moving average and -44.90% away from the 200-day moving average. The market capitalization of the company currently stands at $9.84B.
A total of 14 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $228.14 as their price target over the next twelve months.
With the price target reduced from $330 to $185, BofA Securities Downgraded its rating from Buy to Neutral for Paycom Software Inc (NYSE: PAYC).
In other news, Clark Jason D., Director sold 130 shares of the company’s stock on Sep 08. The stock was sold for $37,357 at an average price of $287.36. Upon completion of the transaction, the Director now directly owns 4,970 shares in the company, valued at $0.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, SEVP of Operations Thomas Christopher Gene sold 320 shares of the business’s stock. A total of $92,816 was realized by selling the stock at an average price of $290.05. This leaves the insider owning 26,154 shares of the company worth $4.25 million. Insiders disposed of 19,033 shares of company stock worth roughly $3.1 million over the past 1 year. A total of 14.79% of the company’s stock is owned by insiders.
Thursday’s opening bell rang with an opening price of $152.21 for Paycom Software Inc (NYSE: PAYC). During the past 12 months, Paycom Software Inc has had a low of $146.88 and a high of $374.04. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 1.18, and a quick ratio of 1.18. According to the stock market information, the enterprise value for the company is $8.93B, which is based on a 27.82 price-to-earnings ratio, a 1.27 price-to-earnings-growth ratio, and a beta of 1.39. The fifty day moving average price for PAYC is $265.94 and a two-hundred day moving average price translates $294.49 for the stock.
The latest earnings results from Paycom Software Inc (NYSE: PAYC) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at $1.62, beating analysts’ expectations of $1.59 by 0.03. This compares to $0.99 EPS in the same period last year. The net profit margin was 20.80% and return on equity was 27.14% for PAYC. The company reported revenue of $401.14 million for the quarter, compared to $316.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.57 percent. For the current quarter, analysts expect PAYC to generate $411.18M in revenue.
Paycom Software Inc(PAYC) Company Profile
Paycom Software, Inc. provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement. The company’s HCM solution provides 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, geofencing/geotracking, and Microfence, a proprietary Bluetooth. Its HCM solution also offers payroll applications comprising better employee transaction interface, payroll and tax management, payroll card, Paycom pay, expense management, mileage tracker/fixed and variable rates, garnishment management, and GL concierge applications; and talent management applications that include employee self-service, compensation budgeting, performance management, position management, and Paycom learning and content subscriptions, as well as my analytics, which offer employment predictor reporting. In addition, its HCM solution provides manager on-the-go that gives supervisors and managers the ability to perform a variety of tasks, such as approving time-off requests and expense reimbursements; direct data exchange; ask here, a tool for direct line of communication to ask work-related questions; document and checklist; government and compliance; benefits administration/benefits to carrier; COBRA administration; personnel action and performance discussion forms; surveys; and affordable care act applications, as well as Clue, which securely collect, track, and manage the vaccination and testing data of the workforce. Paycom Software, Inc. was founded in 1998 and is headquartered in Oklahoma City, Oklahoma.
