Paycom Software (NYSE:PAYC – Get a Free Report) In a report published on Monday, the price target was raised by Mizuho equity researchers from $170.00 to $190.00, Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. Mizuho’s price target indicates a potential downside of 13.04% to the current share price.
Several other research analysts have also issued reports on PAYC. TD Cowen raised their price target on Paycom Software from $171.00 to $188.00 and gave the stock a “hold” rating in a report on Monday, September 23. Jefferies Financial Group raised their price target on Paycom Software from $170.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Piper Sandler raised their price target on Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a report on Thursday, October 31. StockNews.com downgraded Paycom Software from a “buy” rating to a “hold” rating in a report on Monday, July 15. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Paycom Software in a report on Thursday, August 1st. Twelve equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Paycom Software has a consensus rating of “Hold” and a consensus price target of $193.67.
Read our latest stock analysis on Paycom Software
Paycom Software Stock Performance
Shares of NYSE:PAYC opened at $218.48 on Monday. The company’s 50-day simple moving average is $169.61 and its two-hundred-day simple moving average is $163.43. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.91, and a beta of 1.14. Paycom Software has a 52-week low of $139.50 and a 52-week high of $222.30.
Buying and selling with insider information
In other Paycom Software news, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction on Thursday, August 8. The stock sold at an average price of $157.62, for a total value of $240,212.88. Following the completion of the sale, the insider now directly owns 14,769 shares of the company’s stock, valued at $2,327,889.78. This transaction represents a 0.00% decrease in their ownership of the shares. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Bradley Scott Smith sold 1,524 shares of the company’s stock in a transaction on Thursday, August 8. The stock sold at an average price of $157.62, for a total transaction of $240,212.88. Following the sale, the insider now directly owns 14,769 shares in the company, valued at approximately $2,327,889.78. The trade marked a 0.00% decline in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Chad R. Richison sold 1,950 shares of the company’s stock in a transaction on Monday, November 4. The shares sold at an average price of $211.76, for a total value of $412,932.00. Following the sale, the CEO now owns 2,745,060 shares in the company, valued at approximately $581,293,905.60. The transaction represented a 0.00% decrease in their ownership of the shares. The explanation of this sale can be found here. In the last three months, insiders have sold 71,906 company shares worth $11,931,668. 12.60% of the shares are owned by company insiders.
Institutional trading in Paycom software
A number of hedge funds and other institutional investors have recently made changes to their positions in PAYC. Empirical Finance LLC increased its stake in Paycom Software by 3.9% in the first quarter. Empirical Finance LLC now owns 1,580 shares of the software maker’s stock worth $314,000 after acquiring an additional 60 shares in the last quarter. Andina Capital Management LLC increased its stake in Paycom Software by 4.0% in the third quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after acquiring an additional 63 shares in the last quarter. Davis Investment Partners LLC increased its stake in Paycom Software by 1.0% in the third quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock worth $1,067,000 after acquiring an additional 64 shares in the last quarter. GAMMA Investing LLC increased its stake in Paycom Software by 26.7% in the third quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock worth $54,000 after acquiring an additional 68 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Paycom Software by 1.7% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,624 shares of the software maker’s stock worth $661,000 after acquiring an additional 79 shares in the last quarter. 87.77% of the shares are currently held by institutional investors.
Paycom Software Company Profile
(Get a free report)
Paycom Software, Inc offers a cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized businesses in the United States. It provides functionality and data analytics that companies need to manage the employment lifecycle, from hiring to retirement.
See also
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