Paycom Software (NYSE:PAYC) had its target price lowered by stock analysts at Mizuho from $85.00 to $80.00 in a research report issued on Wednesday, MarketBeat reports. The brokerage currently has a “neutral” rating on the software maker’s stock. Mizuho’s target price indicates a potential downside of 4.02% from the company’s previous close.

PAYC has been the subject of several other research reports. Robert W. Baird reissued a “buy” rating and issued a $82.00 price target on shares of Paycom Software in a report on Wednesday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Paycom Software from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Oppenheimer reissued a “buy” rating and issued a $88.00 price target (up previously from $75.00) on shares of Paycom Software in a report on Wednesday, November 1st. Northland Securities set a $101.00 price target on shares of Paycom Software and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 target price on shares of Paycom Software in a research note on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $87.94.

Paycom Software (NYSE PAYC) opened at $83.35 on Wednesday. Paycom Software has a fifty-two week low of $50.68 and a fifty-two week high of $93.61. The stock has a market cap of $4,816.68, a price-to-earnings ratio of 73.11, a PEG ratio of 2.07 and a beta of 1.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.05 and a quick ratio of 1.05.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings results on Tuesday, February 6th. The software maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.05. Paycom Software had a net margin of 15.43% and a return on equity of 45.18%. The company had revenue of $114.00 million during the quarter, compared to analyst estimates of $113.01 million. During the same quarter in the previous year, the business earned $0.18 EPS. The firm’s revenue was up 29.8% on a year-over-year basis. sell-side analysts expect that Paycom Software will post 1.56 earnings per share for the current fiscal year.

In other Paycom Software news, insider Jeffrey D. York sold 50,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $79.97, for a total transaction of $3,998,500.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Craig E. Boelte sold 11,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $78.92, for a total transaction of $868,120.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,750 shares of company stock valued at $6,533,308. Company insiders own 17.90% of the company’s stock.

A number of large investors have recently modified their holdings of PAYC. PNC Financial Services Group Inc. lifted its position in Paycom Software by 7.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,220 shares of the software maker’s stock worth $152,000 after buying an additional 150 shares in the last quarter. Fortaleza Asset Management Inc. bought a new stake in Paycom Software during the 3rd quarter worth about $164,000. Aperio Group LLC bought a new stake in Paycom Software during the 4th quarter worth about $201,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Paycom Software by 49.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,743 shares of the software maker’s stock worth $220,000 after buying an additional 908 shares in the last quarter. Finally, Cetera Advisors LLC bought a new stake in Paycom Software during the 4th quarter worth about $241,000. 87.12% of the stock is currently owned by hedge funds and other institutional investors.

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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)

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